MIRA
INFORM REPORT
|
Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
NOBLE LAMINATES PRIVATE LIMITED (w.e.f. 15.04.2010) |
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Formerly Known
As : |
PARTH WOOD PRIVATE LIMITED |
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Registered
Office : |
104, First Floor, Hiloni Business Centre, Behind Nandni
Apartment, Near Harivallabh Society, Ahmedabad – 382330, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.07.1998 |
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Com. Reg. No.: |
04-034348 |
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Capital
Investment / Paid-up Capital : |
Rs.25.000 Millions |
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CIN No.: [Company Identification
No.] |
U20100GJ1998PTC034348 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Laminate Sheets. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating reflects modest financial risk profile marked by some
accumulated losses incurred by the company, borrowings recorded by the
company are huge and increasing. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow. 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had illfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
Not Available
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 BY
|
Name : |
Mr. Bharat |
|
Designation : |
Accounts Executive |
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Contact No.: |
91-79-22802002 |
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Date : |
01.12.2014 |
LOCATIONS
|
Registered Office : |
104, First Floor, Hiloni Business Centre, Behind Nandni Apartment, Near Harivallabh Society, Ahmedabad – 382330, Gujarat, India |
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Tel. No.: |
91-79-22802002/ 22802003/
22817134 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
Chandrala, Himmatnagar, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Dhansukhbhai Vasharambhai Patel |
|
Designation : |
Additional Director |
|
Address : |
Jogeshwari Saw Mill Compound, Near G.D. High School, Saijpur Bogha, Ahmedabad – 382345, Gujarat, India |
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Date of Birth/Age : |
26.02.1965 |
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Date of Appointment : |
27.02.2010 |
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DIN No.: |
01603322 |
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Name : |
Mr. Rasikbhai Virjibhai Patel |
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Designation : |
Director |
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Address : |
3, Vinayak House, Opposite Manglam Cinema, Odhav, Ahmedabad – 382415, Gujarat, India |
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Date of Birth/Age : |
08.09.1975 |
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Date of Appointment : |
08.03.2011 |
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DIN No.: |
03447544 |
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Name : |
Mr. Vashrambhai Khimajibhai Patel |
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Designation : |
Director |
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Address : |
10, Ample Park, Near Canal, Opposite New Navyug School, Naroda, Ahmedabad – 382330, Gujarat, India |
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Date of Birth/Age : |
26.11.1933 |
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Date of Appointment : |
16.07.1998 |
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DIN No.: |
01589670 |
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Name : |
Mr. Ganga Ram Patel |
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Designation : |
Director |
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Address : |
C-123, Mansarovar Garden, Pritampura, New Delhi – 110015, India |
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Date of Birth/Age : |
25.12.1945 |
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Date of Appointment : |
16.07.1998 |
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DIN No.: |
01303845 |
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Name : |
Mr. Ketankumar Rameshchandra Thakkar |
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Designation : |
Director |
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Address : |
16.B, Sarvodya Co-Operative Housing Society, Jawaharchowk, Maninagar, Ahmedabad – 380008, Gujarat, India |
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Date of Birth/Age : |
01.10.1972 |
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Date of Appointment : |
08.03.2011 |
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DIN No.: |
01643097 |
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Name : |
Mr. Kishore Patel |
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Designation : |
Additional Director |
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Address : |
C-123, Mansarovar Garden, Pritampura, New Delhi – 110015, India |
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Date of Birth/Age : |
14.08.1974 |
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Date of Appointment : |
27.02.2010 |
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DIN No.: |
02308775 |
KEY EXECUTIVES
|
Name : |
Mr. Bharat |
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Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
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No. of Shares |
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Vashrambhai Khimjibhai Patel |
|
228000 |
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Gangaram Hiralal Patel |
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2000 |
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Gangaram Patel and Sons HUF |
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500 |
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Dhanaram Patel and Sons HUF |
|
3000 |
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Kantilal Patel and Sons HUF |
|
500 |
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Kishor Gangaram Patel |
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196500 |
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Dhanaram Hiralal Patel |
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25500 |
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Kantilal Dhanaram Patel |
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52500 |
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Kalpana Kantilal Patel |
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12000 |
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Kalavati Dhanaram Patel |
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8500 |
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Zaverben Gangaram Patel |
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500 |
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Dhansukhbhai Vashrmabhai Patel |
|
550500 |
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Narmadaben Pravinbhai Patel |
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30000 |
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Pravinbhai Vashrmabhai Patel |
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240000 |
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Prakashbhai Govindbhai Patel |
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100000 |
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Jagdish Kanjibhai Patel |
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120000 |
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Kanjibhai Ladhabhai Patel |
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5000 |
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Navinbhai Virjibhai Patel-HUF |
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30000 |
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Popatbhai Parsottambhai Patel |
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5000 |
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Rasikbhai Virjibhai Patel |
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420000 |
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Rekhaben Navinbhai Patel |
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20000 |
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Ketankumar Rameshchandra Thakkar |
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450000 |
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Total |
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2500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Laminate Sheets. |
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Products : |
Laminate Sheets |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management |
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Bankers : |
The Kalupur Commercial Co-Operative Bank Limited, "Kalupur Bank Bhavan", Near Income Tax Circle, Ashram Road, Ahmedabad – 380014, Gujarat, India |
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Facilities : |
NOTES: LONG TERM BORROWINGS ·
Term loan from Bank is secured by first charge by
way of mortgage of factory land and building and hypothecation of all plant
and machinery and all other fixed assets of the company situated at 1) Block No.
451, 452 and 453 at Village Chandrala, Ta. Dist. Gandhinagar. 2) Hiloni
Business Centre, F.P. No 44, T.P.S. No.1 of Mouje Naroda Ta. City Dist.
Ahmedabad. ·
Term loan from Bank is further secured by first
charge by way of mortgage of land with present and future construction there
on, situated at Survey No. 491, Bloack No.451 at Chandrala, Ta. Dist.
Gandhinagar, belonging jointly by the directors of the company Shri
Dhansukhbhai V. Patel, Vashrambhai K. Patel and his son Pravinbhai V. Patel ·
Term loan from Bank is further secured by first
charge by way of mortgage of factory land belonging to Shri Dhanaram Hiralal
Patel and Pravinbhai V. Patel and present & Future construction of
bulding there on belonging to Mahalaxmi Wood Craft Private Limited situated at
Survey No.493 Block No. 453, Village Chandra, Ta. Dist. Gandhinagar. ·
Term loan from bank is further secured by
personal guarantee of all directors of the company. ·
Machinery Loan from Kalupur Co-operative Bank
Ltd.is bearing interest @12.50% per annum at present and to be repaid by 60
monthly installment of Rs.0.500 Million each commencing from October, 2012 ·
Secured Loan from Kalupur Co-operative Bank
Ltd.is bearing interest @ 12.50% per annum at present and to be repaid by 60
monthly installment of Rs.0.350 Million each commencing from October,2012 ·
Secured Loan from Kalupur Co-operative Bank
Limited is bearing interest @ 12.50% per annum at present and to be repaid by
60 monthly installment of Rs.0.350 Million each commencing from October,2012 SHORT TERM BORROWINGS Working capital loan is secured by way of hypothecation of entire stock of raw materials, stores, semi-finished and finished goods and all other current assets including book debts and first charge over fixed assets of the company. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
R. N. Patel and Company Chartered Accountants |
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Address : |
C-20, 2nd Floor, Galaxy Avenue, National Highway-8, Naroda, Ahmedabad – 382330, Gujarat, India |
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Tel. No.: |
91-79-22813383 |
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PAN No.: |
AABFP5408N |
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Membership : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
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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 |
25.000 |
25.000 |
25.000 |
|
(b) Reserves & Surplus |
(0.534) |
(0.352) |
(0.706) |
|
(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) |
24.466 |
24.648 |
24.294 |
|
|
|
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
59.984 |
56.114 |
53.334 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
59.984 |
56.114 |
53.334 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
33.433 |
20.342 |
0.000 |
|
(b) Trade payables |
101.642 |
47.929 |
15.836 |
|
(c) Other current
liabilities |
12.795 |
12.117 |
6.506 |
|
(d) Short-term provisions |
0.077 |
0.085 |
0.080 |
|
Total Current Liabilities (4) |
147.947 |
80.473 |
22.422 |
|
|
|
|
|
|
TOTAL |
232.397 |
161.235 |
100.050 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
68.948 |
71.197 |
69.622 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.194 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.878 |
0.760 |
0.760 |
|
(c) Deferred tax assets (net) |
0.531 |
0.734 |
0.237 |
|
(d) Long-term Loan and Advances |
0.678 |
0.727 |
0.812 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
71.035 |
73.612 |
71.431 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
102.067 |
58.847 |
21.273 |
|
(c) Trade receivables |
47.733 |
23.823 |
1.024 |
|
(d) Cash and cash
equivalents |
1.632 |
0.829 |
0.346 |
|
(e) Short-term loans and
advances |
9.930 |
4.124 |
5.976 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
161.362 |
87.623 |
28.619 |
|
|
|
|
|
|
TOTAL |
232.397 |
161.235 |
100.050 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
172.933 |
96.678 |
2.439 |
|
|
|
Other Income |
0.213 |
0.066 |
0.018 |
|
|
|
TOTAL (A) |
173.146 |
96.744 |
2.457 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
156.189 |
82.555 |
2.217 |
|
|
|
|
|
|
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|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.957 |
14.189 |
0.240 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.964 |
7.549 |
0.384 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.993 |
6.640 |
(0.144) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
7.968 |
8.282 |
0.634 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
0.025 |
(1.642) |
(0.778) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.207 |
(0.496) |
(0.256) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(0.182) |
(1.146) |
(0.522) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1.852) |
(0.706) |
(0.184) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(2.034) |
(1.852) |
(0.706) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.07) |
(0.46) |
(0.21) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
(0.11) |
(1.19) |
(21.40) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.81 |
14.68 |
9.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.01 |
(1.03) |
(0.79) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.07) |
(0.03) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.82 |
3.10 |
2.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09 |
1.09 |
1.28 |
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 |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
(0.706) |
(0.352) |
(0.534) |
|
Net
worth |
24.294 |
24.648 |
24.466 |
|
|
|
|
|
|
long-term borrowings |
53.334 |
56.114 |
59.984 |
|
Short term borrowings |
0.000 |
20.342 |
33.433 |
|
Total
borrowings |
53.334 |
76.456 |
93.417 |
|
Debt/Equity
ratio |
2.195 |
3.102 |
3.818 |
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 |
2.439 |
96.678 |
172.933 |
|
|
|
3,863.838 |
78.875 |
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
|
2.439 |
96.678 |
172.933 |
|
Profit |
(0.522) |
(1.146) |
(0.182) |
|
|
(21.40%) |
(1.19%) |
(0.11%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS ARE 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 |
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 |
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 |
No |
NOTE:
The Registered Office of the company has been shifted from Jogeshwari
Estate, Saijpur, Ahmedabad – 368345, Gujarat, India to the present address w.e.f.
21.02.2011
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
From Directors & Relatives |
0.000 |
40.024 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Deposits |
3.000 |
1.000 |
|
|
|
|
|
Total |
3.000 |
41.024 |
NOTES:
LONG TERM LOANS
Outstanding balance as on the date of balance sheet of unsecured loan from Directors and relatives is payable on demand. It’s bearing 12.00% rate of interest per annum.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10525004 |
16/10/2014 |
3,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
"KALUPUR
BANK BHAVAN", NR. INCOME TAX CIRCLE, ASH |
C28744324 |
|
2 |
10491476 |
02/05/2014 |
9,100,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
"KALUPUR
BANK BHAVAN", NR. INCOME TAX CIRCLE, ASH |
C04089793 |
|
3 |
10493604 |
09/04/2014 |
500,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
"KALUPUR
BANK BHAVAN", NR. INCOME TAX CIRCLE, ASH |
C04108411 |
|
4 |
10347566 |
16/10/2014 * |
50,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
"KALUPUR
BANK BHAVAN", NR. INCOME TAX CIRCLE, ASH |
C28615540 |
|
5 |
10320537 |
10/11/2011 |
30,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
"KALUPUR
BANK BHAVAN", NR. INCOME TAX CIRCLE, ASH |
B26570721 |
|
6 |
10318807 |
14/10/2014 * |
138,700,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
"KALUPUR
BANK BHAVAN", NR. INCOME TAX CIRCLE, ASH |
C28742740 |
*Date of modification Charges
FIXED ASSETS:
· Freehold Land
· Factory Building
· Office Building
· Plant and Machinery
· Saw Mill Machinery
· Computer
· Air Conditioner
· CC TV Camera
· EPABX
· Water Cooler
· Office Furniture
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.62.14 |
|
|
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
26 |
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.