MIRA
INFORM REPORT
|
Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEENAKSHI
POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
36, Sabarwal Market, Sadar Bazar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.07.1986 |
|
|
|
|
Com. Reg. No.: |
55-024860 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.796 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1986PTC024860 |
|
|
|
|
IEC No.: |
0588133582 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08349F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM3392G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Two Wheeler Seat Assembly and Auto Parts. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 740000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
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 wilfully 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Das |
|
Designation : |
Accountant |
|
Contact No.: |
91-9311954213 |
|
Date : |
03.12.2014 |
LOCATIONS
|
Registered Office : |
36, Sabarwal Market, Sadar
Bazar, New Delhi – 110006, India |
|
Tel. No.: |
91-124-2373639/ 5031621/ 3211036 / 23675475 |
|
Mobile No.: |
91-9910398587 (Mr. Sandeep Sareen) |
|
Fax No.: |
91-124-2210432 |
|
E-Mail : |
sandeepsareen@meenakshipolymers.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
E-478, Greater Kailash – 2, New Delhi –
110048, India |
|
Tel. No.: |
91-11-29214034 |
|
Fax No.: |
91-11-29217127 |
|
|
|
|
Factory 1 : |
25 K.M, |
|
Tel. No.: |
91-120-2662693/ 2662645/
2662578 |
|
Fax No.: |
91-120-2662652 |
|
|
|
|
Factory 2 : |
Plot No 33, Sector-34, Gurgaon, |
|
Tel. No.: |
91-124-2373639/ 4031621 |
|
Fax No.: |
91-124-2210423 |
|
|
|
|
Factory 3 : |
Plot No 161, Sector-3,
IMT Manesat,
District Gurgaon, |
|
Tel. No.: |
91-124-3211036/ 2290987 |
|
Fax No.: |
91-124-2290987 |
|
|
|
|
Factory 4 : |
Village and P.O:- Bhorakalan (Binola), District Gurgaon, |
|
Tel. No.: |
91-124-3261338 |
|
|
|
|
Factory 5 : |
Plot No-14, Industrial
Park-11, Village: Salempur Mehdood,
Haridwar, |
|
Tel. No.: |
91-1334-235516 |
|
|
|
|
Factory 6 : |
E-126, Bahadrabad Industrial Area, Haridwar,
Uttarakhand, India
|
|
Tel. No.: |
91-1334-232178 |
|
|
|
|
Branch Office : |
Located at: ·
Birlova, Maneshwar, ·
Dadri, |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mrs. Anita Soni |
|
Designation : |
Director |
|
Address : |
81, The Mall, Civil Lines, |
|
Date of Birth/Age : |
27.01.1959 |
|
Qualification : |
Graduate |
|
Pan No.: |
AATPS6894D |
|
Date of Appointment : |
01.08.1996 |
|
Din No.: |
01018158 |
|
|
|
|
Name : |
Mr. Sanjeev Soni |
|
Designation : |
Director |
|
Address : |
81, The Mall, Civil Lines, |
|
Date of Birth/Age : |
15.10.1957 |
|
Qualification : |
Graduate |
|
Pan No.: |
ABIPS3100N |
|
Date of Appointment : |
01.06.2006 |
|
Din No.: |
01479177 |
|
|
|
|
Name : |
Mr. Raj Kumar Soni
|
|
Designation : |
Director |
|
Address : |
81, The Mall, Civil Lines, |
|
Date of Birth/Age : |
01.03.1926 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
24.01.2007 |
|
Din No.: |
01021864 |
|
|
|
|
Name : |
Mrs. Punam Soni |
|
Designation : |
Director |
|
Address : |
81, The Mall, Civil Lines, |
|
Date of Birth/Age : |
01.01.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.08.1991 |
|
Din No.: |
01018205 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Sareen |
|
Designation : |
General Manager Marketing |
|
|
|
|
Name : |
Mr. Das |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anita Soni |
|
13950 |
|
Punam Soni |
|
4645 |
|
Raj Kumar Soni |
|
200 |
|
Sanjeev Soni |
|
76800 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Two Wheeler Seat Assembly and Auto Parts. |
|
|
|
|
Products : |
·
Two
Wheeler Seat Assembly ·
Auto
Parts |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Nepal |
|
|
|
|
Imports : |
|
|
Countries : |
Austria |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailer and End Users |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
600 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Small Industries Development Bank of India, SCO-16 and 17, Fortune Chambers, First Floor, Feroze Gandhi Market, Opposite Ludhiana Stock Exchange, Ludhiana – 141 001, Punjab, India · Vijaya Bank, M-53 Market, Greater Kailash Part-II, New Delhi-110 048, India ·
State Bank of India, New Delhi, India ·
HDFC Bank Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nanda and Bhatia Chartered
Accountants |
|
Address : |
Red Cross Bhawan, The Mall, |
|
Tel. No.: |
91-124-2444948 /
2449986 |
|
PAN.: |
AABFN8498E |
|
|
|
|
Membership : |
-- |
|
|
|
|
Associates : |
·
Govind
Industries Private Limited
[U29246PB1991PTC011333] ·
Maya auto Industries ·
Soni
Traders |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
107955 |
Equity Shares |
Rs. 100/- each |
Rs.10.795 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 |
10.796 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
247.339 |
201.575 |
181.816 |
|
(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) |
258.135 |
211.575 |
191.816 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
172.258 |
170.948 |
164.379 |
|
(b) Deferred tax liabilities (Net) |
27.953 |
27.818 |
22.866 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.809 |
1.205 |
1.274 |
|
Total Non-current Liabilities (3) |
202.020 |
199.971 |
188.519 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
25.336 |
35.004 |
2.939 |
|
(b) Trade payables |
259.236 |
254.807 |
218.677 |
|
(c) Other current
liabilities |
21.440 |
10.398 |
21.467 |
|
(d) Short-term provisions |
13.226 |
10.065 |
14.872 |
|
Total Current Liabilities (4) |
319.238 |
310.274 |
257.955 |
|
|
|
|
|
|
TOTAL |
779.393 |
721.820 |
638.290 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
497.758 |
402.550 |
382.462 |
|
(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 |
10.005 |
2.500 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.208 |
1.593 |
1.825 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
511.971 |
406.643 |
384.287 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
66.088 |
78.956 |
68.364 |
|
(c) Trade receivables |
94.430 |
126.358 |
83.591 |
|
(d) Cash and cash
equivalents |
78.915 |
82.455 |
81.440 |
|
(e) Short-term loans and
advances |
12.283 |
23.661 |
10.140 |
|
(f) Other current assets |
15.706 |
3.747 |
10.468 |
|
Total Current Assets |
267.422 |
315.177 |
254.003 |
|
|
|
|
|
|
TOTAL |
779.393 |
721.820 |
638.290 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1727.675 |
1576.507 |
1183.900 |
|
|
|
Other Income |
7.106 |
5.379 |
|
|
|
|
Miscellaneous Income |
|
|
1.664 |
|
|
|
TOTAL (A) |
1734.781 |
1581.886 |
1185.564 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
|
1217.458 |
|
|
|
|
Changes in Inventories of finished goods, stock in process and stock
in trade |
|
0.243 |
|
|
|
|
Employee benefit expenses |
|
122.120 |
|
|
|
|
Other Expenses |
|
158.336 |
|
|
|
|
TOTAL (B) |
1675.750 |
1498.157 |
1128.522 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including
Financial Expenses] |
83.729 |
[Including Financial
Expenses] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
31.139 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
59.031 |
52.590 |
57.042 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION (F) |
22.463 |
21.136 |
17.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
36.568 |
31.454 |
39.911 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.510 |
11.298 |
11.837 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
29.058 |
20.156 |
28.074 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
4.802 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
20.156 |
30.000 |
|
|
BALANCE CARRIED TO
THE B/S |
29.058 |
20.156 |
2.876 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
269.17 |
201.56 |
280.74 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
1.68 |
1.28 |
2.37 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
5.31 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.75 |
4.37 |
6.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.15 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.77 |
0.97 |
0.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84 |
1.02 |
0.98 |
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 |
10.000 |
10.000 |
10.796 |
|
Reserves & Surplus |
181.816 |
201.575 |
247.339 |
|
Net
worth |
191.816 |
211.575 |
258.135 |
|
|
|
|
|
|
long-term borrowings |
164.379 |
170.948 |
172.258 |
|
Short term borrowings |
2.939 |
35.004 |
25.336 |
|
Total
borrowings |
167.318 |
205.952 |
197.594 |
|
Debt/Equity
ratio |
0.872 |
0.973 |
0.765 |
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 |
|
Sales |
1183.900 |
1576.507 |
1727.675 |
|
|
|
33.162 |
9.589 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Millions |
Rs. In
Millions |
Rs. In
Millions |
|
Sales
|
1183.900 |
1576.507 |
1727.675 |
|
Profit |
28.074 |
20.156 |
29.058 |
|
|
2.37% |
1.28% |
1.68% |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
OPERATIONS:
The gross receipts of the company for the year were Rs.172.767 Millions
as compared to Rs.157.362 Millions during the last year.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs.
In Millions |
31.03.2012 Rs.
In Millions |
|
Long Term Borrowings |
|
|
|
Term loans from
Banks |
4.983 |
5.336 |
|
Loans and
Advances from related Parties |
18.437 |
41.500 |
|
Short Term Borrowings |
|
|
|
Term loans from
Banks |
0.306 |
0.228 |
|
|
|
|
|
Total |
23.726 |
47.064 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10453093 |
09/10/2013 |
20,000,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
FORTUNE
CHAMBER, SCO 16-17, FIRST FLOOR, OPPOSITE LUDHIANA STOCK EXCHANGE, LUDHIANA -
141001, PUNJAB, INDIA |
B86662160 |
|
2 |
10376186 |
01/09/2012 |
345,000.00 |
VIJAYA
BANK |
GREATER
KAILASH-II BRANCH, GREATER KAILASH, DELHI - 110048, INDIA |
B57981425 |
|
3 |
10350938 |
19/04/2012 |
82,800,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
SCO-16
AND 17, FORTUNE CHAMBERS, FIRST FLOOR,, FEROZE GANDHI MARKET, OPPOSITE
LUDHIANA STOCK EXCHANGE, LUDHIANA - 141001, PUNJAB, INDIA |
B37915782 |
|
4 |
10323633 |
20/12/2011 |
5,500,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
SCO-16
AND 17, FORTUNE CHAMBERS, FIRST FLOOR,, FEROZE GANDHI MARKET, OPPOSITE
LUDHIANA STOCK EXCHANGE, LUDHIANA - 141001, PUNJAB, INDIA |
B28045300 |
|
5 |
10333741 |
14/12/2011 |
546,000.00 |
VIJAYA
BANK |
M-53
MARKET, GREATER KAILASH PART-II, DELHI, DELHI - 110048, INDIA |
B31338254 |
|
6 |
10296293 |
26/05/2011 |
750,000.00 |
VIJAYA
BANK |
GREATER
KAILASH-II, NEW DELHI - 110048, INDIA |
B16543241 |
|
7 |
10295602 |
27/05/2011
* |
55,000,000.00 |
YES
BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI
- |
B16791543 |
|
8 |
10274672 |
02/03/2011 |
7,500,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
SCO-16&
17, FIRST FLOOR, FEROZE GANDHI MARKET, OPPOSITE LUDHIANA STOCK EXCHANGE,
LUDHIANA - 141001, PUNJAB, INDIA |
B08866303 |
|
9 |
10220285 |
14/05/2010 |
10,000,000.00 |
SMALL
INDUSTRIES DEVELOPEMNT BANK OF INDIA |
FIRST
FLOOR, SCO 16& 17, FEROZE GANDHI MARKET, OPPOSITE LSE LUDHIANA, LUDHIANA
- 141001, PUNJAB, INDIA |
A85521698 |
|
10 |
10209606 |
11/02/2010 |
5,000,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
FORTUNE
CHAMBERS, FIRST FLOOR, SCO 16 &17, FEROZE GANDHI MARKET, OPP. LUDHIANA
STOCK EXCHANGE, LUDHIANA- 141001, PUNJAB, INDIA |
A81681272 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant
and Machinery
·
Moulds
·
Tools
and Dies
·
Generator
Set
·
Lab
Equipment
·
Furniture
and Fixture
·
Computers
·
Vehicles
·
Office
Equipments
·
Capital
Work In Progress
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.61.89 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
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 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.