MIRA
INFORM REPORT
|
Report Date : |
22.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHREEOM WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
426/431, Gali No.8, Friends Colony Industrial Area,
Shahdara, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.02.2011 |
|
|
|
|
Com. Reg. No.: |
55-214742 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.63.735 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28939DL2011PTC214742 |
|
|
|
|
IEC No.: |
0511029462 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAPCS3993J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader Wires-Annealed Bare Coper, Annealed Tinned
Copper, Bunched Conductor for wires and Cables and PVC, Wires and Cables. |
|
|
|
|
No. of Employees
: |
36 (Approximately) (In Office 07) (In Branch 04) (In Factory 25) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company with limited history of its operations having
moderate track. The company possesses an acceptable financial profile marked by
adequate net worth base supported by infusion of funds as capital from the
promoters. Moreover, the management has maintained its capital structure by
paying of its substantial amount of external borrowings and favorable gap
between trade receivables and payables which modestly supports the liquidity
profile, further constrained by gradual debtor realization, low cash balance
as well as increased inventory levels in March 14. Management has witnessed a decent turnover, whereas has reported low
profitability leading to low profit margins during its third year of
operations ended during FY14. The ratings also take into consideration the future growth perspective
as a result of higher capacity available after expansion. Trade relations are improving. Business is active. Payment terms are
reported as slow but correct. In view of experienced management, 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 |
|
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 |
B+ (Term Loans) |
|
Rating Explanation |
Risk prone credit quality and high risk of
default. |
|
Date |
April 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
A4 (Non Fund Based Limits) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
April 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. Raju Agarwal |
|
Designation : |
General Manager |
|
Contact No.: |
91-9899996788 |
|
Date : |
09.08.2014 |
LOCATIONS
|
Registered Office : |
426/431, Gali No.8, Friends Colony Industrial Area,
Shahdara, Delhi – 110095, India |
|
Tel. No.: |
91-11-22575243 |
|
Mobile No.: |
91-9899996788 (Mr. Raju Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Factory : |
H-1/702, RIICO Industrial Area, Khuskhera Bhiwadi, District Alwar –
301019, Rajasthan, India |
|
Location : |
Owned |
|
|
|
|
Branch Office |
H-1/727, RIICO Industrial Area, Khuskhera Bhiwadi, District Alwar – 301019,
Rajasthan, India |
|
Location : |
Rented |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Sanjay Goel |
|
Designation : |
Director |
|
Address : |
C-44, West Jyoti Nagar, Delhi – 110093, India |
|
Date of Birth/Age : |
08.10.1970 |
|
Date of Appointment : |
24.02.2011 |
|
PAN No.: |
AAKPG9837D |
|
DIN No.: |
02191472 |
|
|
|
|
Name : |
Mr. Mander Das Jain |
|
Designation : |
Director |
|
Address : |
C-49, West Jyoti Nagar, Delhi – 110093, India |
|
Date of Birth/Age : |
18.04.1935 |
|
Date of Appointment : |
09.05.2011 |
|
PAN No.: |
AHRPJ1524N |
|
DIN No.: |
03518714 |
|
|
|
|
Name : |
Mr. Shubham Jain |
|
Designation : |
Director |
|
Address : |
C-88 A-3, Ramprastha Colony, Ghaziabad – 201001, Uttar Pradesh,
India |
|
Date of Birth/Age : |
28.01.1993 |
|
Date of Appointment : |
03.12.2012 |
|
PAN No.: |
AQRPJ6998D |
|
DIN No.: |
06397717 |
KEY EXECUTIVES
|
Name : |
Mr. Raju Agarwal |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Goel |
|
125000 |
|
Mander Das Jain |
|
1245000 |
|
Shubham Jain |
|
290000 |
|
Anita Choudhary |
|
250000 |
|
Pankaj Jain |
|
175000 |
|
Nadhu Jain |
|
665000 |
|
|
|
|
|
Total |
|
2750000 |
%2022-Aug-2014_files/image002.gif)
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader Wires-Annealed Bare Coper, Annealed Tinned
Copper, Bunched Conductor for wires and Cables and PVC, Wires and Cables. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30 days/ 60 days) |
|
|
|
|
Purchasing : |
L/C and Cash |
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Copper Wire |
MT |
2100 |
2100 |
|
ATC Wire |
MT |
40 |
31.775 |
GENERAL INFORMATION
|
No. of Employees : |
36 (Approximately) (In Office 07) (In Branch 04) (In Factory 25) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
State Bank of India, SME Branch, G.T. Road Shahdara, Delhi - 110032, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
%2022-Aug-2014_files/image003.gif){kind=small}
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pradeep Chand Gupta and Company Chartered Accountants |
|
Address : |
33, IInd Floor, Savita Vihar, Delhi-110092, India |
|
Mobile No.: |
91-9810400097 |
|
E-mail : |
|
|
PAN No.: |
AFKPG5391P |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2750000 |
Equity Shares |
Rs.10/- each |
Rs.27.500 Millions |
|
|
|
|
|
As on: 31.03.2014
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 |
|
|
|
|
|
|
6373525 |
Equity Shares |
Rs.10/- each |
Rs.63.735 Millions |
|
|
|
|
|
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 |
63.735 |
12.300 |
4.500 |
|
(b) Reserves & Surplus |
46.307 |
15.735 |
12.149 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.500 |
|
Total
Shareholders’ Funds (1) + (2) |
110.042 |
28.035 |
17.149 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
18.068 |
40.412 |
27.850 |
|
(b) Deferred tax liabilities
(Net) |
0.217 |
0.066 |
0.108 |
|
(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) |
18.285 |
40.478 |
27.958 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
69.988 |
83.399 |
23.047 |
|
(b) Trade payables |
152.711 |
209.846 |
40.767 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.398 |
|
(d) Short-term provisions |
2.002 |
5.012 |
0.442 |
|
Total
Current Liabilities (4) |
224.701 |
298.257 |
64.654 |
|
|
|
|
|
|
TOTAL |
353.028 |
366.770 |
109.761 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
54.114 |
17.375 |
14.129 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
9.680 |
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 |
0.393 |
0.867 |
0.180 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
54.507 |
27.922 |
14.309 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
84.312 |
15.385 |
21.071 |
|
(c) Trade receivables |
185.309 |
313.546 |
70.631 |
|
(d) Cash and cash equivalents |
0.191 |
0.023 |
0.887 |
|
(e) Short-term loans and
advances |
0.288 |
0.000 |
0.870 |
|
(f) Other current assets |
28.421 |
9.894 |
1.993 |
|
Total
Current Assets |
298.521 |
338.848 |
95.452 |
|
|
|
|
|
|
TOTAL |
353.028 |
366.770 |
109.761 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
1081.370 |
1132.524 |
|
|
Other Income |
|
0.511 |
0.277 |
|
|
TOTAL
(A) |
|
1081.881 |
1132.801 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
1114.351 |
1100.128 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(68.926) |
5.685 |
|
|
Employees benefits expense |
|
1.515 |
0.850 |
|
|
Other expenses |
|
13.908 |
12.306 |
|
|
TOTAL
(B) |
|
1060.848 |
1118.969 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
21.033 |
13.832 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
11.194 |
6.454 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
9.839 |
7.378 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
|
3.897 |
2.048 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
|
5.942 |
5.330 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
|
0.151 |
1.744 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
|
5.791 |
3.586 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
0.91 |
2.92 |
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
367.910 |
|
|
Other Income |
|
|
1.018 |
|
|
TOTAL
|
|
|
368.928 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of goods sold |
|
|
361.824 |
|
|
Accountancy Charges |
|
|
0.108 |
|
|
Audit Fees |
|
|
0.027 |
|
|
Bank charges |
|
|
1.959 |
|
|
Differed Tax |
|
|
0.108 |
|
|
Director Remuneration |
|
|
0.720 |
|
|
Factory Liscence Fee |
|
|
0.010 |
|
|
Fixed Assets W/Off |
|
|
0.006 |
|
|
Insurance Expenses |
|
|
0.037 |
|
|
Legal and Professional Charges
|
|
|
0.037 |
|
|
Petrol and Conveyance |
|
|
0.028 |
|
|
Preliminary Exp. W/Off |
|
|
0.051 |
|
|
Professional Charges |
|
|
0.005 |
|
|
Rates and Taxes |
|
|
0.020 |
|
|
Rent (Factory) |
|
|
0.700 |
|
|
Rent (Office) |
|
|
0.120 |
|
|
Repair and Maint. |
|
|
0.020 |
|
|
R.O.C. Fee |
|
|
0.056 |
|
|
Staff Welfare |
|
|
0.019 |
|
|
Telephone Exp. |
|
|
0.005 |
|
|
TOTAL
|
|
|
365.860 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
3.068 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
|
|
1.482 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
|
1.586 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.415 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
|
1.171 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
0.54 |
0.32 |
0.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.55 |
0.47 |
0.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.68 |
1.49 |
1.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.19 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.80 |
4.42 |
2.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.14 |
1.48 |
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 |
4.500 |
12.300 |
63.735 |
|
Reserves & Surplus |
12.149 |
15.735 |
46.307 |
|
Net
worth |
16.649 |
28.035 |
110.042 |
|
|
|
|
|
|
long-term borrowings |
27.850 |
40.412 |
18.068 |
|
Short term borrowings |
23.047 |
83.399 |
69.988 |
|
Total
borrowings |
50.897 |
123.811 |
88.056 |
|
Debt/Equity
ratio |
3.057 |
4.416 |
0.800 |
%2022-Aug-2014_files/image005.gif)
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 |
367.910 |
1132.524 |
1081.370 |
|
|
|
207.826 |
(4.517) |
%2022-Aug-2014_files/image007.gif)
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 |
367.910 |
1132.524 |
1081.370 |
|
Profit |
1.171 |
3.586 |
5.791 |
|
|
0.32% |
0.32% |
0.54% |
%2022-Aug-2014_files/image009.gif)
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2014 |
As on 31.03.2013 |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
|
27.850 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
|
25.291 |
|
|
|
|
|
Total |
NA |
53.141 |
%2022-Aug-2014_files/image010.gif){kind=small}
TRADE REFERENCES
· Bhansali Cables and Conductors Private Limited, B-816, Bhiwadi Industrial Area, Phase-II, Biwadi (Mr. Sanjeev – 91-9414013183)
· Servel India Private Limited, SP 26, RIICO Industrial Area, Phase-1, Neemrana- (Mr. Rajender Prasad- Purchase Manager – 91-9810699103)
· Icon Cables Limited, Plot No. F-46, 47, EPIP, RIICO Industrial Area, Biwadi (Mr. Nipun Rathi – Director – 91-956085111)
· Satelite Cables Private Limited, F-626, RIICO Industrial Area, Biwadi, Alwar (Mr. Vinay Gupta – Managing Director - 91-9810267047)
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10303949 |
20/03/2013 * |
130,000,000.00 |
STATE BANK OF INDIA |
SME BRANCH, G.T. ROAD SHAHDARA, DELHI, DELHI - 110032, INDIA |
B75142547 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and equipment
· Factory equipments
· 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 records 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.60.77 |
|
|
1 |
Rs.100.72 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
32 |
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.