MIRA
INFORM REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
AQUATECH SYSTEMS (ASIA) PRIVATE LIMITED |
Principal Name 1 |
Mr. Ramesh Chandra Jaitly |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Devesh Prem Sharma |
|
|
|
Registration # |
11-013151 |
|
Street Address |
Survey No. 244/2, |
||
|
Established Date |
14.10.1986 |
SIC Code |
-- |
|
Telephone# |
91-20-66547280 / 66547000/ 01 |
Business Style 1 |
Importer |
|
Fax # |
91-20-66547070 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Waste Water Treatment Plant |
|
|
# of employees |
Not Available |
Product Name 2 |
Water and Waste Water System |
|
Paid up capital |
Rs. 15,992,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 99.00% Directors or
relatives of Directors – 0.01% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
28 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company |
USA |
Aquatech International Corporation |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,118,938,000 |
Current Liabilities |
897,570,000 |
|
Inventories |
82,636,000 |
Long-term Liabilities |
264,297,000 |
|
Fixed Assets |
222,987,000 |
Other Liabilities |
45,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,206,867,000 |
|
Invest& other Assets |
217,299,000 |
Retained Earnings |
419,001,000 |
|
|
|
Net Worth |
434,993,000 |
|
Total Assets |
1,641,860,000 |
Total Liab. & Equity |
1,641,860,000 |
|
Total Assets (Previous Year) |
1,403,143,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
P/L Statement as of |
|
Total Income |
1,440,226,000 |
Net Profit |
19,187,000 |
|
Total Income (Previous yr) |
1,165,052,000 |
Net Profit(Prev.yr) |
37,823,000 |
MIRA
INFORM REPORT
|
Report Date : |
26.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
AQUATECH SYSTEMS (ASIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 244/2, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
14.10.1986 |
|
|
|
|
Com. Reg. No.: |
11-013151 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.992 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29197PN1986PTC013151 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA1850C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Exporter of Waste Water Treatment Plant, Water and Waste
Water System. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There seems some continuous dip in the profit of the company however
networth of the company is satisfactory. General financial position of the
company is normal and acceptable for business dealing. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal for business at usual trade terms
and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
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 |
CRISIL |
|
Rating |
BBB (Long term rating) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk |
|
Date |
30.05.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ (Short term rating) |
|
Rating Explanation |
Moderate degree of safety. It carry higher credit risk |
|
Date |
30.05.2014 |
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 : |
Ms. Anupama |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-66547000 |
LOCATIONS
|
Registered Office : |
Survey No. 244/2, Rajiv Gandhi Infotech Park, Hinjewadi, Pune –
411057, Maharashtra, India |
|
Tel. No.: |
91-20-66547280 / 66547000/ 01 |
|
Fax No.: |
91-20-66547070 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ramesh Chandra Jaitly |
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|
Designation : |
Director |
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|
Address : |
Flat No. 4, Building D, Gaura Heritage, Aundh, Pune – 411045, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
30.04.1936 |
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|
Date of Appointment : |
14.09.2010 |
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DIN No.: |
00909244 |
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Other Directorship:
|
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|
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|
Name : |
Mr. Devesh Prem Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
55, |
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|
Date of Birth/Age : |
27.01.1977 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.09.1995 |
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DIN No.: |
01877997 |
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Other Directorship:
|
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|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Chandra Prabha Sharma |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
55, |
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|
Date of Birth/Age : |
02.06.1943 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Appointment : |
01.09.1993 |
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DIN No.: |
02066117 |
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Other Directorship:
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Venkatesh Nath Sharma |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
55, |
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|
Date of Birth/Age : |
01.09.1966 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.1993 |
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|
DIN No.: |
02744556 |
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KEY EXECUTIVES
|
Name : |
Ms. Anupama |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
Aquatech International Corporation, USA |
|
1244613 |
|
Ramesh Chandra Sharma |
|
1 |
|
Jatindranath R Sharma |
|
1 |
|
|
|
|
|
Total |
|
1244615 |
|
Names of
Preferences Shareholders |
|
No. of Shares |
|
|
|
|
|
Aquatech International Corporation, USA |
|
354570 |
|
|
|
|
|
Total |
|
354570 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.99 |
|
Directors or relatives of Directors |
0.01 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20282746%2026-Aug-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Importer and Exporter of Waste Water Treatment Plant, Water and Waste
Water System. |
||||||
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||||||
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Products : |
|
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Terms : |
|
||||||
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Selling : |
L/C, Cash and Credit |
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|
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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|
||||||||||||||||||
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No. of Employees : |
Management Non Cooperative |
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|
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|
Bankers : |
·
State Bank of India, Industrial Finance Branch,
Tara Chambers, 2nd Floor, Near Mariaai Police Chowky, Pune –
Mumbai Highway Road, Wakdewadi, Pune – 411003, Maharashtra, India Tel.
No.: 91-20-25618121 ·
State Bank of India, Industrial Finance Branch,
Tara Chembers, Mumbai-Pune Road, Pune-411003, Maharashtra, India |
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
SECURED
LOAN (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Kumar Prabhashankar and Company Chartered Accountants |
|
Address : |
SF – 7, Business Point, 137, |
|
PAN No.: |
AAKFA0917E |
|
|
|
|
Holding Company : |
|
|
|
|
|
Subsidiaries : |
CIN
No.: U41000MH1970PTC014995 |
CAPITAL STRUCTURE
AS ON: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1645430 |
Equity Shares |
Rs.10/- each |
Rs.16.454 Millions |
|
354570 |
Preference Shares |
Rs.10/- each |
Rs.3.546 Millions |
|
|
Total |
|
Rs.20.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1244615 |
Equity Shares |
Rs.10/- each |
Rs. 12.446
Millions |
|
354570 |
Preference Shares |
Rs.10/- each |
Rs. 3.546
Millions |
|
|
Total |
|
Rs.15.992 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 |
15.992 |
15.992 |
14.815 |
|
(b) Reserves & Surplus |
419.001 |
397.490 |
290.011 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
24.585 |
|
Total
Shareholders’ Funds (1) + (2) |
434.993 |
413.482 |
329.411 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
22.151 |
86.303 |
75.061 |
|
(b) Deferred tax liabilities (Net) |
34.722 |
17.302 |
10.177 |
|
(c) Other long term liabilities |
45.000 |
45.000 |
45.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
101.873 |
148.605 |
130.238 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
242.146 |
211.592 |
80.372 |
|
(b) Trade payables |
250.045 |
296.670 |
167.173 |
|
(c) Other current liabilities |
612.803 |
332.794 |
514.239 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
1104.994 |
841.056 |
761.784 |
|
|
|
|
|
|
TOTAL |
1641.860 |
1403.143 |
1221.433 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
219.635 |
247.224 |
275.158 |
|
(ii) Intangible Assets |
3.352 |
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 |
217.299 |
216.999 |
77.126 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
3.353 |
2.404 |
2.470 |
|
Total Non-Current Assets |
443.639 |
466.627 |
354.754 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
131.767 |
|
(b) Inventories |
82.636 |
65.414 |
20.309 |
|
(c) Trade receivables |
119.222 |
219.356 |
265.970 |
|
(d) Cash and cash
equivalents |
159.867 |
188.042 |
107.837 |
|
(e) Short-term loans and
advances |
525.930 |
333.607 |
3.254 |
|
(f) Other current assets |
310.566 |
130.097 |
337.542 |
|
Total Current Assets |
1198.221 |
936.516 |
866.679 |
|
|
|
|
|
|
TOTAL |
1641.860 |
1403.143 |
1221.433 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1440.226 |
1165.052 |
1122.486 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1440.226 |
1165.052 |
1122.486 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1412.269 |
1105.858 |
988.561 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
27.957 |
59.194 |
133.925 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS (EXPENCES) |
(0.077) |
2.068 |
35.608 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
28.034 |
57.126 |
98.317 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.847 |
19.303 |
30.95 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
19.187 |
37.823 |
67.367 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.20 |
2.37 |
54.12 |
|
%20PRIVATE%20LIMITED%20-%20282746%2026-Aug-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20282746%2026-Aug-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20282746%2026-Aug-2014_files/image005.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.33 |
3.25 |
6.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.97 |
4.82 |
8.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.14 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.61 |
0.72 |
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.11 |
1.14 |
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 |
14.815 |
15.992 |
15.992 |
|
Reserves & Surplus |
290.011 |
397.490 |
419.001 |
|
Share Application money
pending allotment |
24.585 |
0.000 |
0.000 |
|
Net
worth |
329.411 |
413.482 |
434.993 |
|
|
|
|
|
|
long-term borrowings |
75.061 |
86.303 |
22.151 |
|
Short term borrowings |
80.372 |
211.592 |
242.146 |
|
Total
borrowings |
155.433 |
297.895 |
264.297 |
|
Debt/Equity
ratio |
0.472 |
0.720 |
0.608 |
%20PRIVATE%20LIMITED%20-%20282746%2026-Aug-2014_files/image007.gif)
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) |
|
Total Income |
1122.486 |
1165.052 |
1440.226 |
|
|
|
3.792 |
23.619 |
%20PRIVATE%20LIMITED%20-%20282746%2026-Aug-2014_files/image009.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Sales |
1122.486 |
1165.052 |
1440.226 |
|
Profit After Tax |
67.367 |
37.823 |
19.187 |
|
|
6.00% |
3.25% |
1.33% |
%20PRIVATE%20LIMITED%20-%20282746%2026-Aug-2014_files/image011.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 |
No |
|
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 |
-- |
|
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 |
No |
|
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 |
Note:
The Registered Office of the company has been shifted from Plot No. 3.
Survey No. 250/5, Baner Park, D P Road, Aundh, Pune – 411007, Maharashtra,
India to the present address w.e.f. 01.09.2008
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances from Related Parties and directors |
0.089 |
0.089 |
|
Total |
0.089 |
0.089 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10369580 |
17/06/2013 * |
2,590,000,000.00 |
STATE BANK OF INDIA - LEAD BANK |
INDUSTRIAL FINANCE BRANCH,TARA CHAMBERS, AKDEWAD |
B79594966 |
|
2 |
10310786 |
05/10/2011 |
800,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA- 390015, GUJARAT, INDIA |
B22795850 |
|
3 |
90088204 |
12/12/2013 * |
2,830,400,000.00 |
STATE BANK OF INDIA INDUSTRIAL FINANCE BRANCH LEAD |
2ND FLOOR TARA CHAMBERS,NEAR MARIAAIPOLICE CHOWKY, |
B94667136 |
|
4 |
90090992 |
23/07/1999 |
40,000,000.00 |
STATE BANK OF INDIA |
INDL FINANCE BR., PUNE, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
- Land
- Lease Hold
land
- Plant and
Machinery – Model Plant
- Moulds
- Plant and
Machinery
- Equipment
Electrical
- Equipment
Computer
- Lab and Testing Equipments
- Office Equipments
- Furniture and Fixtures
- Motor Car
- Two Wheeler
- R and D Building
- Plant - RII
- Shell Pilot Plant
- Jubail Plot Plant
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. 60.43 |
|
|
1 |
Rs. 100.12 |
|
Euro |
1 |
Rs. 79.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.