MIRA INFORM REPORT
|
Report Date : |
10.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CRISTOPIA ENERGY SYSTEMS INDIA PRIVATE LIMITED |
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|
|
Registered
Office : |
Village Umrikheda, 12th |
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Country : |
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|
Financials (as
on) : |
31.12.2012 |
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Date of
Incorporation : |
29.06.1993 |
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|
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|
Com. Reg. No.: |
10-007748 |
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Capital
Investment / Paid-up Capital : |
Rs.82.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40106MP1993PTC007748 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLC01132F |
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PAN No.: [Permanent Account No.] |
AAACC6792J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Screw Chillers and Thermal Energy Storage Systems. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 230000 |
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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 a company having moderate track. Management gas failed to file latest financials of FYE December 13,
with the statutory authorities. The company has reported consecutive losses leading to accumulation of
the same during FYE December 12. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow. In view of deteriorating liquidity profile, the company can be
considered for business dealings with 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. H. S. Gandhi |
|
Designation : |
Export Department |
|
Contact No.: |
91-731-4228329 |
|
Date : |
08.12.2014 |
LOCATIONS
|
Registered Office : |
Village Umrikheda, 12th |
|
Tel. No.: |
91-731-4228333 / 4228306 |
|
Fax No.: |
91-731-4228343 |
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E-Mail : |
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|
Website : |
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|
City Office : |
4B, BCM City, ‘C’ Block, 5th Floor, Navlakha Square, A. B. Road,
Indore – 452001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-2402624 |
DIRECTORS
AS ON 29.06.2013
|
Name : |
Ms. Surekha Kemkar |
|
Designation : |
Director |
|
Address : |
C/O Cristopia Energy Systems, Village, Umri Kheda, Tejaji Nagar, 12 K.M.
Indore Khandwa Road, Indore – 452020, Madhya Pradesh, India |
|
Date of Birth/Age : |
15.09.1952 |
|
Date of Appointment : |
18.03.2010 |
|
Din : |
00969972 |
|
|
|
|
Name : |
Mr. Deepak Kemkar |
|
Designation : |
Director |
|
Address : |
C/O Cristopia Energy Systems, Village, Umri Kheda, Tejaji Nagar, 12
K.M. Indore Khandwa Road, Indore – 452020, Madhya Pradesh, India |
|
Date of Birth/Age : |
25.08.1949 |
|
Date of Appointment : |
29.06.1993 |
|
Din : |
00280498 |
|
|
|
|
Name : |
Mr. Christian Lenotre |
|
Designation : |
Director |
|
Address : |
163, Chemin De La Santoline, Le Bar |
|
Date of Birth/Age : |
01.10.1953 |
|
Date of Appointment : |
31.08.1995 |
|
Din : |
02884722 |
|
|
|
|
Name : |
Mr. Dominique De Gells |
|
Designation : |
Director |
|
Address : |
16, Chemin Des Sayettes, |
|
Date of Birth/Age : |
21.11.1954 |
|
Date of Appointment : |
15.03.2006 |
|
Din : |
02564003 |
|
|
|
|
Name : |
Mr. Jean Falconnier |
|
Designation : |
Director |
|
Address : |
Rue Henri Dunani, Culoz (France) |
|
Date of Birth/Age : |
26.06.1954 |
|
Date of Appointment : |
15.03.2006 |
|
Din : |
02884731 |
|
|
|
|
Name : |
Mr. Uday Balkrishna Naik |
|
Designation : |
Director |
|
Address : |
Gokul, 9/5, New Palasia, Indore – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
06.06.1950 |
|
Date of Appointment : |
14.05.2011 |
|
Din : |
01152290 |
KEY EXECUTIVES
|
Name : |
Mr. H. S. Gandhi |
|
Designation : |
Export Department |
MAJOR SHAREHOLDERS
AS ON 29.06.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
M/s Kehems Consultants Private Limited, Madhya Pradesh |
376000 |
45.74 |
|
M/s Companie Industrial Le D (Ciat |
376000 |
45.74 |
|
M/s Kehems Engineering Private Limited, Madhya Pradesh |
70000 |
8.52 |
|
Total |
822000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.06.2013
|
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 |
45.74 |
|
Bodies corporate |
54.26 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Screw Chillers and Thermal Energy Storage Systems. |
|
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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
|
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 : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Fadnis and Gupte Chartered Accountants |
|
Address : |
B-14, Ratlam Kothi, Kanchanbagh, Main Road, Indore – 452001, Madhya Pradesh, India |
|
PAN No.: |
AAAFF3285G |
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Membership : |
-- |
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Companies under the
control of Key Management Personnel : |
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CAPITAL STRUCTURE
AS ON 29.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
825000 |
Equity Shares |
Rs.100/- each |
Rs.82.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
822000 |
Equity Shares |
Rs.100/- each |
Rs.82.200 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
82.200 |
82.200 |
|
(b) Reserves & Surplus |
|
(0.495) |
4.761 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
81.705 |
86.961 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.332 |
0.426 |
|
(b) Deferred tax liabilities (Net) |
|
1.013 |
1.145 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
1.803 |
1.235 |
|
Total Non-current
Liabilities (3) |
|
3.148 |
2.806 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
88.643 |
67.116 |
|
(b) Trade
payables |
|
63.118 |
81.078 |
|
(c) Other
current liabilities |
|
8.854 |
3.236 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
160.615 |
151.430 |
|
|
|
|
|
|
TOTAL |
|
245.468 |
241.197 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
49.180 |
53.853 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
4.864 |
4.958 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
54.044 |
58.811 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
121.581 |
117.443 |
|
(c) Trade
receivables |
|
41.265 |
39.928 |
|
(d) Cash
and cash equivalents |
|
4.761 |
3.835 |
|
(e)
Short-term loans and advances |
|
23.799 |
21.172 |
|
(f) Other
current assets |
|
0.018 |
0.008 |
|
Total
Current Assets |
|
191.424 |
182.386 |
|
|
|
|
|
|
TOTAL |
|
245.468 |
241.197 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
82.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
7.125 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
89.325 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
62.211 |
|
|
2] Unsecured Loans |
|
|
0.787 |
|
|
TOTAL BORROWING |
|
|
62.998 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.160 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
153.483 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
59.640 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
111.543 |
|
|
Sundry Debtors |
|
|
64.023 |
|
|
Cash & Bank Balances |
|
|
4.100 |
|
|
Other Current Assets |
|
|
0.009 |
|
|
Loans & Advances |
|
|
24.731 |
|
Total
Current Assets |
|
|
204.406 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
109.981 |
|
|
Provisions |
|
|
0.582 |
|
Total
Current Liabilities |
|
|
110.563 |
|
|
Net Current Assets |
|
|
93.843 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
153.483 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
||
|
|
SALES |
|
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||
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL (A) |
150.617 |
173.302 |
236.932 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
TOTAL (B) |
136.426 |
157.272 |
216.606 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.191 |
16.030 |
20.326 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
13.263 |
12.371 |
10.326 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
0.928 |
3.659 |
10.000 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
5.844 |
6.621 |
6.860 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(4.916) |
(2.962) |
3.140 |
||
|
|
|
|
|
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||
|
Less |
TAX (H) |
0.340 |
(0.598) |
0.913 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(5.256) |
(2.364) |
2.227 |
||
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|
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||
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|
EARNINGS IN
FOREIGN CURRENCY |
44.526 |
25.402 |
15.341 |
||
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||
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IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
-- |
61.383 |
84.892 |
|
|
|
TOTAL IMPORTS |
-- |
61.383 |
84.892 |
||
|
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|
|
|
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||
|
|
Earnings Per
Share (Rs.) |
(6.39) |
(2.88) |
2.71 |
||
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.00) |
(1.23) |
1.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.06) |
(0.03) |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.09 |
0.78 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.20 |
1.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.12.2011 |
31.12.2012 |
|
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
|
82.200 |
82.200 |
|
Reserves & Surplus |
|
4.761 |
(0.495) |
|
Net worth |
|
86.961 |
81.705 |
|
|
|
|
|
|
long-term borrowings |
|
0.426 |
0.332 |
|
Short term borrowings |
|
67.116 |
88.643 |
|
Total
borrowings |
|
67.542 |
88.975 |
|
Debt/Equity
ratio |
|
0.777 |
1.089 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
236.932 |
173.302 |
150.617 |
|
|
|
(26.856) |
(13.090) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2010 |
31.12.2011 |
31.12.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
236.932 |
173.302 |
150.617 |
|
Profit |
2.227 |
(2.364) |
(5.256) |
|
|
0.94% |
(1.36%) |
(3.49%) |
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 |
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 |
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.12.2012 Rs. In Millions |
31.12.2011 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Loans and
advances from others |
7.378 |
0.787 |
|
|
|
|
|
Total |
7.378 |
0.787 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10113655 |
29/03/2011 * |
99,800,000.00 |
BANK OF BARODA |
SIYAGANJ BRANCH, 15/16 JAWAHAR MARG, IDA BUILDING, INDORE, MADHYA PRADESH - 452001, INDIA |
B09569542 |
|
2 |
90208757 |
02/06/2007 * |
66,400,000.00 |
BANK OF BARODA |
SIYAGANJ
BRANCH, P. BOX NO. 95, IDA BLDG. GR. FLO |
A16989527 |
|
3 |
90208267 |
25/08/1998 |
1,500,000.00 |
BANK OF BARODA |
SIYAGANJ BR., INDORE, MADHYA PRADESH, INDIA |
- |
|
4 |
90201686 |
02/05/1997 |
2,500,000.00 |
BANK OF BARODA |
SIYAGANJ BRANCH, INDORE, MADHYA PRADESH, INDIA |
- |
|
5 |
90203245 |
03/09/1996 |
10,000,000.00 |
BANK OF BARODA |
SIYAGANJ
BRANCH, P. BOX NO. 95; IDA BLDG. GR. FLO |
- |
|
6 |
90201657 |
18/06/1996 |
11,500,000.00 |
BANK OF BARODA |
SIYAGANJ
BRANCH, P. BOX NO. 95; IDA BLDG. GR-FLOO |
- |
|
7 |
90203223 |
17/06/1996 |
1,500,000.00 |
BANK OF BARODA |
SIYAGANJ
BRANCH, P. BOX NO. 95; IDA BLDG. GR-FLOO |
- |
|
8 |
90207831 |
17/06/1996 |
1,500,000.00 |
BANK OF BARODA |
SIYAGANJ
BRANCH, P. BOX NO. 95; IDA BLDG. GR-FLOO |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 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.61.93 |
|
|
1 |
Rs.96.37 |
|
Euro |
1 |
Rs.76.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
28 |
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.