MIRA INFORM REPORT
|
Report Date : |
14.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUNIL INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
D 8, MIDC, Phase II, |
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|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.11.1976 |
|
|
|
|
Com. Reg. No.: |
11-019331 |
|
|
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|
Capital
Investment / Paid-up Capital : |
Rs.41.984 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
L99999MH1976PLC019331 |
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|
|
|
Legal Form : |
A Public Limited Liability Company.
The Company’s Shares are Listed on the Stock Exchanges. |
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Line of Business
: |
Manufacturer and supplier of a wide range of fabrics. |
|
|
|
|
No. of Employees
: |
550 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for 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.
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.
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. Laxmikant |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9821049766 |
|
Date : |
12.08.2014 |
LOCATIONS
|
Registered Office/ Processing Unit : |
D 8, MIDC, Phase II, Manpada Road, Dombivli (East), Thane – 421201,
Maharashtra, India |
|
Tel. No.: |
91-251-2870789 |
|
Mobile No.: |
91-9821049766 (Mr. Laxmikant) |
|
Fax No.: |
91-251-2871319 |
|
E-Mail : |
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|
Website : |
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Corporate Office : |
Room No.315, 3/F, New Marineline, Rewa Chambers, Mumbai – 400020,
Maharashtra, India |
|
|
|
|
Spinning Mills : |
S.F. Mo. 324/1, Karungal Village, K. Anapatti Post, Vedasandur Taluk,
District Dindigul – 624620, Tamilnadu,
India |
|
|
|
|
Weaving Unit : |
Plot No.60-B, Parvati Industrial Area, Kondigre Road, Near Gangajal
Water Tank, Yadrav, Ichalkaranji, Maharashtra, India |
DIRECTORS
AS ON 31.03.2013
|
Name : |
Mr. Vinod Lath |
|
Designation : |
Chairman and Managing Director |
|
|
|
|
Name : |
Mr. Pradeep Roongta |
|
Designation : |
Whole-Time Director |
|
|
|
|
Name : |
Mr. Ramesh Khanna |
|
Designation : |
Whole-Time Director |
|
|
|
|
Name : |
Mr. Ravinder Kumar Gupta |
|
Designation : |
Independent and Non-Executive Director |
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|
|
|
Name : |
Mr. Rohit Gadia |
|
Designation : |
Independent and Non-Executive Director |
|
|
|
|
Name : |
Mr. Iftadad Hossain |
|
Designation : |
Independent and Non-Executive Director |
KEY EXECUTIVES
|
Name : |
Mr. Laxmikant |
|
Designation : |
Chief Executive Officer |
SHAREHOLDING PATTERN
As on 30.06.2014
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
Individuals / Hindu Undivided Family |
1121700 |
26.71 |
|
|
1292100 |
30.76 |
|
|
2413800 |
57.47 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
2413800 |
57.47 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
4800 |
0.11 |
|
|
18700 |
0.45 |
|
|
23500 |
0.56 |
|
|
|
|
|
|
168500 |
4.01 |
|
|
|
|
|
|
1121600 |
26.70 |
|
|
217900 |
5.19 |
|
|
254700 |
6.06 |
|
|
12500 |
0.30 |
|
|
242200 |
5.77 |
|
|
1762700 |
41.97 |
|
Total Public shareholding (B) |
1786200 |
42.53 |
|
Total (A)+(B) |
4200000 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
4200000 |
0.00 |
(1) Indian
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Promoter and
Promoter Group
|
Category of Shareholder |
No. of Shares |
Percentage
of Holding |
|
Sunil Exim Private Limited |
3,44,900 |
8.21 |
|
Saroj Vinod Lath |
3,35,200 |
7.98 |
|
Rajshree Fiscal Services Limited |
3,17,500 |
7.56 |
|
Vinod Gajanand Lath |
2,74,000 |
6.52 |
|
Laxmikant Lath |
2,35,600 |
5.61 |
|
Sunil Prints Private Limited |
2,04,400 |
4.87 |
|
Sunil Fabrics Private Limited |
1,61,000 |
3.83 |
|
Sunil Synthetics Private Limited |
1,36,100 |
3.24 |
|
Eske-Tex India Private Limited |
1,28,200 |
3.05 |
|
Vinod Gajanand Lath |
69,500 |
1.65 |
|
Vandana Laxmikant Lath |
54,400 |
1.30 |
|
Ashok S Maheshwari |
35,000 |
0.83 |
|
Pradeep Roongta |
13,600 |
0.32 |
|
Beena P Roongta |
12,800 |
0.30 |
|
Ratan Lath |
10,900 |
0.26 |
|
Leena J Salot |
10,000 |
0.24 |
|
Ramashankar Lath |
9,600 |
0.23 |
|
Bhavesh Hasmukhlal Mehta |
5,000 |
0.12 |
|
Chandrakumar K Jain |
5,000 |
0.12 |
|
Kirit Bachulal Mehta |
5,000 |
0.12 |
|
Prakash Raichand Shah |
5,000 |
0.12 |
|
Kamal Kumar Choudhary |
4,400 |
0.10 |
|
Raj Jaisingh |
4,400 |
0.10 |
|
Kamaluddin Essabhai Vastani |
4,400 |
0.10 |
|
Nalini P Kapoor |
4,000 |
0.10 |
|
Deepak Lath |
3,900 |
0.09 |
|
Satyanarayan Khyalidutt Lath |
3,200 |
0.08 |
|
Kirit B Mehta |
2,900 |
0.07 |
|
Ashok S Maheshwari |
2,600 |
0.06 |
|
Jagadish Kumar Sanwalka |
2,000 |
0.05 |
|
Payal P Kapoor |
2,000 |
0.05 |
|
Jugal Kishor Tela |
1,500 |
0.04 |
|
Pushpadevi J Sanwalka |
1,500 |
0.04 |
|
Vinod Dharnidharka |
1,100 |
0.03 |
|
Jagadish Kumar Sanwalka |
1,200 |
0.03 |
|
Chandraprakash Singhania |
700 |
0.02 |
|
Preeti Lath |
400 |
0.01 |
|
Jyoti Lath |
300 |
0.01 |
|
Deepak Lath |
300 |
0.01 |
|
Mahesh Tibrewal |
200 |
0.00 |
|
Bindudevi Lath |
100 |
0.00 |
|
Total |
24,13,800 |
57.47 |
(*) The term encumbrance has the same meaning as assigned to
it in regulation 28(3) of the SAST Regulations, 2011.
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Category of
Shareholder |
No. of Shares |
Percentage
of Holding |
|
Abhisek Lath |
55800 |
1.33 |
|
Total |
55800 |
1.33 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and supplier of a wide range of fabrics. |
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|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
|
No. of Employees : |
550 (Approximately) |
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Bankers : |
Yes Bank Limited |
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Facilities : |
NOTES: Secured
by hypothecation of Fixed Assets and current assets, charge over the
company's Factory Building, personal guarantee of Directors Mr. Vinod Lath
and Mr. Pradeep Roongta and Corporate Guarantees of M/s. Sunil Exim Private
Limited, M/s. Sunil Print Private Limited, M/s. Sunil Fabrics Private
Limited, M/s. Sunil Synthetics Private Limited and owners of the property
till the end of tenor of facility. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. K. Beswal and Associates Chartered Accountants |
|
|
|
|
Enterprises
controlled by Director and Relatives : |
·
Eske Tex (India) Private Limited ·
Sunil Fabrics Private Limited ·
Sunil Synthetics Private Limited ·
Sunil Prints Private Limited ·
Sunil EXIM Private Limited ·
Sunil Bleaching Co. Private Limited ·
Apple Mines and Minerals Private
Limited ·
Rarefab Textiles Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.41.984
Millions
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4200000 |
Equity Shares |
Rs. 10/- each |
Rs.42.000 Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4200000 |
Equity Shares |
Rs. 10/- each |
Rs.42.000 Millions |
|
|
Less: Subscribed but
not fully paid up |
|
Rs.0.016 Million |
|
|
|
|
|
|
|
Total |
|
Rs.41.984
Millions |
Disclosure
pursuant to Part I of Schedule VI to the Companies Act, 1956
(Following
disclosure should be made for each class of Shares)
|
Name
of Shareholder |
Number of Shares |
Rs.
In Millions |
|
Shares
outstanding at the beginning of the year |
4200000 |
41.984 |
|
Shares
Issued during the year |
-- |
-- |
|
Bonus
Issue/ESOP/Conversion |
-- |
-- |
|
Shares
bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
4200000 |
41.984 |
Disclosure pursuant to Part I of
Schedule VI to the Companies Act, 1956 (if more than 5%)
|
Name
of Shareholder |
Number of Shares |
%
holding |
|
Sunil
Exim Private Limited |
344900 |
8.21 |
|
Saroj
Vinod Lath |
335200 |
7.98 |
|
Rajshree
Fiscal Services Limited |
317500 |
7.56 |
|
Vinod
Gajanand Lath |
274000 |
6.52 |
|
Laxmikant Lath |
234500 |
5.58 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
41.984 |
41.984 |
41.984 |
|
(b) Reserves & Surplus |
227.771 |
213.537 |
202.250 |
|
(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) |
269.755 |
255.521 |
244.234 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
245.760 |
156.044 |
38.570 |
|
(b) Deferred tax liabilities (Net) |
8.275 |
6.670 |
6.747 |
|
(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) |
254.035 |
162.714 |
45.317 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
64.735 |
58.103 |
0.000 |
|
(b) Trade payables |
41.576 |
97.563 |
64.292 |
|
(c) Other current liabilities |
11.800 |
7.535 |
18.562 |
|
(d) Short-term provisions |
1.056 |
0.314 |
0.000 |
|
Total Current Liabilities (4) |
119.167 |
163.515 |
82.854 |
|
|
|
|
|
|
TOTAL |
642.957 |
581.750 |
372.405 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
139.074 |
59.623 |
64.466 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.001 |
0.001 |
2.001 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11.071 |
12.738 |
14.050 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
150.146 |
72.362 |
80.517 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
159.822 |
162.658 |
158.283 |
|
(c) Trade receivables |
193.432 |
216.037 |
55.479 |
|
(d) Cash and cash
equivalents |
93.194 |
37.999 |
37.303 |
|
(e) Short-term loans and
advances |
46.363 |
92.694 |
40.823 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
492.811 |
509.388 |
291.888 |
|
|
|
|
|
|
TOTAL |
642.957 |
581.750 |
372.405 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1264.337 |
1127.637 |
717.260 |
|
|
|
Other Income |
9.030 |
7.745 |
5.227 |
|
|
|
TOTAL (A) |
1273.367 |
1135.382 |
722.487 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
989.785 |
818.829 |
576.688 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(11.191) |
(6.320) |
(40.257) |
|
|
|
Employees benefits expense |
11.589 |
10.302 |
9.205 |
|
|
|
Other expenses |
231.993 |
272.776 |
144.971 |
|
|
|
TOTAL (B) |
1222.176 |
1095.587 |
690.607 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
51.191 |
39.795 |
31.880 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.472 |
16.101 |
14.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.719 |
23.694 |
17.763 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
7.978 |
6.495 |
6.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
21.741 |
17.199 |
11.551 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.507 |
5.912 |
3.926 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
14.234 |
11.287 |
7.625 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
23.400 |
12.113 |
4.488 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
37.634 |
23.400 |
12.113 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
57.47 |
2.69 |
1.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
1.12 |
0.99 |
1.06 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.72 |
1.53 |
1.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.38 |
2.96 |
3.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.07 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.15 |
0.84 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.14 |
3.12 |
3.52 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
41.984 |
41.984 |
41.984 |
|
Reserves & Surplus |
202.250 |
213.537 |
227.771 |
|
Net
worth |
244.234 |
255.521 |
269.755 |
|
|
|
|
|
|
long-term borrowings |
38.570 |
156.044 |
245.760 |
|
Short term borrowings |
0.000 |
58.103 |
64.735 |
|
Total
borrowings |
38.570 |
214.147 |
310.495 |
|
Debt/Equity
ratio |
0.158 |
0.838 |
1.151 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
717.260 |
1,127.637 |
1,264.337 |
|
|
|
57.215 |
12.123 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
717.260 |
1,127.637 |
1,264.337 |
|
Profit |
7.625 |
11.287 |
14.234 |
|
|
1.06% |
1.00% |
1.13% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT IS NOT AVAILABLE.
|
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 |
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 |
Yes |
|
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 |
No |
UNSECURED LOAN:
|
Particulars |
31.03.2013 Rs.
In Millions |
|
Long Term
Borrowings |
|
|
Inter Corporate Deposit |
156.044 |
|
|
|
|
Total |
156.044 |
LITIGATION DETAILS:
|
HIGH
COURT OF BOMBAY
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10477511 |
04/02/2014 |
50,000,000.00 |
EDELWEISS
HOUSING FINANCE LIMITED |
EDELWEISS
HOUSE, OFF. C.S.T ROAD,, KALINA,, MUMBAI, MAHARASHTRA - 400098, INDIA |
B96329685 |
|
2 |
10385889 |
30/08/2013
* |
97,500,000.00 |
YES
BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,,
MUMBAI, MAHARASHTRA - |
B83603399 |
|
3 |
10377603 |
08/06/2013
* |
97,500,000.00 |
YES
BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. ANNIE BESANT ROAD, WORLI,,
MUMBAI, MAHARASHTRA - |
B80811839 |
FIXED ASSETS:
·
Land
·
Building
·
Office equipment
·
Lab equipment
·
Plant and machinery
·
Tube well
·
Electrical equipments
·
Computers
·
Furniture and fixtures
·
Motor car
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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.61.18 |
|
UK Pound |
1 |
Rs.102.56 |
|
Euro |
1 |
Rs.81.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
45 |
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.