MIRA
INFORM REPORT
|
Report Date : |
11.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
JEWELEX INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
JEWELEX BOMBAY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
401-Trade Centre, Bandra Kurla Complex, Bandra (East), Mumbai –
400098, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.10.2004 |
|
|
|
|
Com. Reg. No.: |
11-148938 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1000.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36910MH2004PTC148938 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ11921A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ4523H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Manufacturer of Studded Gold Jewellery. and also ·
Trader of Rough and Polished Diamonds. |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having good track record. As per ROC the date of balance sheet (i.e, financial filed) is shown as
31.03.2014 but the documents related to the financial for the year 2014 are
not available from any sources. As per available financial of 2013, general financial position of the
company seems to be sound. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitment. The company can be considered normal for business dealings 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 – 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
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: “A2+“ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
October 10, 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 DENIED
|
Name : |
Ms. Prescilla D’souza |
|
Designation : |
Finances Department |
|
Contact No.: |
91-22-66938505 |
|
Date : |
09.12.2014 |
LOCATIONS
|
Registered Office : |
401-Trade Centre, Bandra Kurla Complex, Bandra (East), Mumbai –
400098, |
|
Tel. No.: |
91-22-43511000 |
|
Fax No.: |
91-22-43511099 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office 1 / Factory 1/ Unit No. VII : |
Plot No. 56-B, Ground Floor, Seepz, Andheri (East), Mumbai – 400096, |
|
Tel. No.: |
91-22-66938505/ 8510/ 28291686/ 28290699 |
|
Fax No.: |
91-22-66938506/ 28290460 |
|
E-Mail : |
|
|
|
|
|
Corporate Office 2 : |
HE-7010, Bharat Diamond Bourse, Bandra Kurla Complex, Bandra (East), Mumbai
– 400051, |
|
Tel. No.: |
91-22-43511000 |
|
Fax. No.: |
91-22-43511099 |
|
|
|
|
Head Office / Factory 2 : |
G-29, G and J Complex III, Seepz, Andheri (East), Mumbai – 400096,
Maharashtra, India |
|
Tel. No.: |
91-22-66938500 / 8501 / 8502/ 28290700/ 28291686/ 0699 |
|
Fax No.: |
91-22-28290460 |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Unit III, G – 33, G and J Complex No. III, Seepz, Andheri (East),
Mumbai – 400096, Maharashtra, India |
|
Tel. No.: |
91-22-66938500/ 56938502 |
|
Fax No.: |
91-22-28290460 |
|
E-Mail : |
DIRECTORS
As on: 10.09.2014
|
Name : |
Mr. Anish Piyush
Kothari |
|
Designation : |
Director |
|
Address : |
102, Elcid, 13 –
A, |
|
Date of Birth/Age : |
19.11.1965 |
|
Date of Appointment : |
01.10.2004 |
|
PAN No.: |
AADPK4951D |
|
DIN No.: |
00093706 |
|
|
|
|
Name : |
Mr. Nilesh Pravin Kothari |
|
Designation : |
Director |
|
Address : |
111B, Atlas Apartments, |
|
Date of Birth/Age : |
11.02.1961 |
|
Date of Appointment : |
01.10.2004 |
|
PAN No.: |
AADPK4856H |
|
DIN No.: |
00093751 |
|
|
|
|
Name : |
Mr. Ashish Piyush
Kothari |
|
Designation : |
Director |
|
Address : |
705, Mangal Kunj – B, |
|
Date of Birth/Age : |
21.05.1973 |
|
Date of Appointment : |
10.05.2005 |
|
PAN No.: |
AADPK4857G |
|
DIN No.: |
00093839 |
|
|
|
|
Name : |
Mr. Piyush Shantilal Kothari |
|
Designation : |
Director |
|
Address : |
3, Nishica Terrace, 3rd Floor, A G Khan Road, Worli Seaface, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
10.01.1943 |
|
Date of Appointment : |
01.10.2014 |
|
DIN No.: |
00093789 |
KEY EXECUTIVES
|
Name : |
Mr. M B Brahme |
|
Designation : |
Company Secretary |
|
Address: |
901, Great Eastern Heights, 525, Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1962 |
|
Date of Appointment : |
01.03.2014 |
|
PAN No.: |
AELPB7395C |
|
|
|
|
Name : |
Ms. Prescilla D’souza |
|
Designation : |
Finances Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 10.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pravin S. Kothari |
|
862500 |
|
Saryu P Kothari |
|
7250000 |
|
Nilesh P Kothari |
|
5187500 |
|
Nisha N Kothari |
|
2425000 |
|
Manti N. Kothari |
|
250000 |
|
Mihika N. Kothari |
|
250000 |
|
Piyush S. Kothari |
|
1850000 |
|
Chandra P. Kothari |
|
6265000 |
|
Anish P. Kothari |
|
5690000 |
|
Gopika A. Kothari |
|
2425000 |
|
Atul S. Kothari |
|
12172500 |
|
Sahil Kothari |
|
4057500 |
|
DJ Finance Limited, Mauritius |
|
51315000 |
|
|
|
|
|
Total |
|
100000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 10.09.2014
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings (Foreign institutional investor(s), Foreign companies(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas corporate bodies or Others) |
|
67.55 |
|
Directors or relatives of directors |
|
32.45 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Manufacturer of Studded Gold Jewellery. and also ·
Trader of Rough and Polished Diamonds. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
No. of Employees : |
2000 (Approximately) |
|||||||||||||||
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|
|||||||||||||||
|
Bankers : |
· The Royal Bank of Scotland N.V. (Acting As Lead Bank), 7th Floor, Sakhar Bhavan, Nariman Point, Mumbai - 400021, Maharashtra, India ·
Corporation Bank, Mumbai Overseas Branch, 1st
Floor, Earnest House, Nariman Point, Mumbai - 400021, Maharashtra, India · Union Bank Of India, Overseas Seepz Branch, #007, Block Ii, Seepz++,, Jogeshwari Vikhroli Link Road, Andheri East,, Mumbai, Maharashtra - 400096, India |
|||||||||||||||
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|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. M. Nissim and
Company Chartered Accountants |
|
Address : |
Barodawala
Mansion, B – Wing, 3rd Floor, 81, Dr. Annie Besant Road, Worli, Mumbai
– 400018, Maharashtra, India |
|
PAN No.: |
AAAFM5103E |
|
|
|
|
Holding Company: |
· D. J. Finance Limited, Mauritius |
|
|
|
|
Ultimate Holding
Company: |
·
I.D.J. s.a.r.l., Luxembourg |
|
|
|
|
Fellow Subsidiaries : |
· Jewelex Australia Pty Limited · Jewelex Europe N.V · Jewelex New York Limited · Jewelex Antwerp N V · Jewelex HK Limited · Jewelex Japan Limited · Jewelex Israel Limited ·
Jewelex Middle East DMCC |
|
|
|
|
Subsidiaries : |
·
Jewelex International Private Limited CIN No.:U99999MH2000PTC124713 |
|
|
|
|
Associates : |
·
Zenstar Jewellery LLP (Converted from Zenstar
Jewellery Private Limited with effect from 16th November, 2010) · Eternity Holdings |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
105850000 |
Equity Shares |
Rs.10/- each |
Rs. 1058.500 Millions |
|
1900000 |
Preference Share |
Rs.10/- each |
Rs. 19.000 Millions |
|
|
Total |
|
Rs.1077.500
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs. 1000.000 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 |
1000.000 |
1000.000 |
500.000 |
|
(b) Reserves & Surplus |
4042.305 |
3459.763 |
2776.135 |
|
(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) |
5042.305 |
4459.763 |
3276.135 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
100.000 |
450.000 |
|
(b) Deferred tax liabilities (Net) |
24.165 |
0.015 |
(9.396) |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
30.587 |
21.255 |
22.420 |
|
Total Non-current Liabilities (3) |
54.752 |
121.270 |
463.024 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
3006.681 |
4350.776 |
3020.086 |
|
(b) Trade payables |
1880.191 |
1875.256 |
1565.627 |
|
(c) Other current liabilities |
163.594 |
100.747 |
141.349 |
|
(d) Short-term provisions |
58.498 |
9.540 |
56.943 |
|
Total Current Liabilities (4) |
5108.964 |
6336.319 |
4784.005 |
|
|
|
|
|
|
TOTAL |
10206.021 |
10917.352 |
8523.164 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
880.557 |
671.975 |
709.239 |
|
(ii) Intangible Assets |
3.887 |
5.897 |
5.110 |
|
(iii) Capital
work-in-progress |
4.097 |
77.410 |
8.141 |
|
(iv) Intangible assets under development |
0.000 |
1.335 |
0.000 |
|
(b) Non-current Investments |
281.738 |
146.400 |
79.426 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
513.811 |
310.016 |
219.827 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1684.090 |
1213.033 |
1021.743 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4565.329 |
4790.081 |
3299.687 |
|
(c) Trade receivables |
3624.817 |
4125.776 |
3462.216 |
|
(d) Cash and cash
equivalents |
272.863 |
358.736 |
205.963 |
|
(e) Short-term loans
and advances |
51.276 |
428.278 |
533.555 |
|
(f) Other current
assets |
7.646 |
1.448 |
0.000 |
|
Total Current Assets |
8521.931 |
9704.319 |
7501.421 |
|
|
|
|
|
|
TOTAL |
10206.021 |
10917.352 |
8523.164 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
15235.615 |
14601.206 |
12582.031 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
14301.181 |
13737.608 |
11804.992 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
934.434 |
863.598 |
777.039 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
204.335 |
179.970 |
154.615 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
730.099 |
683.628 |
622.424 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2526.263 |
1902.635 |
1357.154 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
70.000 |
60.000 |
20.000 |
|
|
|
Interim Dividend |
50.000 |
0.000 |
0.000 |
|
|
|
Dividend |
50.000 |
0.000 |
50.000 |
|
|
|
Tax on Dividend |
16.609 |
0.000 |
6.943 |
|
|
|
Received on Merger |
30.948 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3038.805 |
2526.263 |
1902.635 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
12040.404 |
12101.673 |
8364.104 |
|
|
TOTAL EARNINGS |
12040.404 |
12101.673 |
8364.104 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
8958.516 |
8739.608 |
6736.248 |
|
|
|
Components and Stores parts |
19.043 |
17.159 |
0.000 |
|
|
|
Capital Goods |
57.515 |
58.697 |
0.000 |
|
|
|
TOTAL IMPORTS |
9035.074 |
8815.464 |
6736.248 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.31 |
6.83 |
12.45 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
|
9.42 |
8.08 |
9.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.19 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.60 |
1.00 |
1.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67 |
1.53 |
1.57 |
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 |
500.000 |
1000.000 |
1000.000 |
|
Reserves & Surplus |
2776.135 |
3459.763 |
4042.305 |
|
Net worth |
3276.135 |
4459.763 |
5042.305 |
|
|
|
|
|
|
long-term borrowings |
450.000 |
100.000 |
0.000 |
|
Short term borrowings |
3020.086 |
4350.776 |
3006.681 |
|
Total borrowings |
3470.086 |
4450.776 |
3006.681 |
|
Debt/Equity ratio |
1.059 |
0.998 |
0.596 |
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 |
12582.031 |
14601.206 |
15235.615 |
|
|
|
16.048 |
4.345 |
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 |
12582.031 |
14601.206 |
15235.615 |
|
Profit |
622.424 |
683.628 |
730.099 |
|
|
4.95% |
4.68% |
4.79% |
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Loans and advances from others |
0.000 |
100.000 |
|
|
|
|
|
Short term
borrowings |
|
|
|
Loans and advances from others |
424.400 |
159.300 |
|
|
|
|
|
Total |
424.400 |
259.300 |
DIAMOND INDUSTRY – INDIA
-
From
time immemorial, India is well known in the world as the birthplace for
diamonds. It is difficult to trace the origin of diamonds but history says
that in the remote past, diamonds were mined only in India. Diamond production
in India can be traced back to almost 8th Century B.C. India,
in fact, remained undisputed leader till 18th Century when Brazilian
fields were discovered in 1725 followed by emergence of S. Africa, Russia and
Australia.
-
The
achievement of the Indian diamond industry was possible only due to combination
of the manufacturing skills of the Indian workforce and the untiring and
unflagging efforts of the Indian diamantaires, supported by progressive
Government policies.
-
The
area of study of family owned diamond businesses derives its importance from
the huge conglomerate of family run organizations which operate in the diamond
industry since many generations.
-
Some of
the basic traits of family run business enterprises include spirit of
entrepreneurship, mutual trust lowers transaction costs, small, nimble and
quick to react, information as a source of advantage and philanthropy.
-
Family
owned diamond businesses need to improve on many fronts including higher
standard of corporate governance, long-term performance – focused strategies,
modern management and technology.
-
Utmost
caution is to be exercised while dealing with some medium and large diamond
traders which are usually engaged in fictitious import – export, inter-company
transactions, financially assisted by banks. In the process, several public
sector banks lost several hundred million rupees. They mostly diverted borrowed
money for diamond business into real estate and capital markets.
-
Excerpts
from Times of India dated 30th October 2010 is as under –
-
Gem and
Jewellery Export Promotion Council in its statistical data has shown the export
of polished diamonds to have increase by 28% in February 2013. Compared to $
1.4 bn worth of polished diamond export in February, 2012, India exported $
1.84 billion worth of polished diamonds in February 2013. A senior executive of
GJEPC said, “Export of cut and polished diamonds started falling month-wise
after the imposition of 2 % of import duty on the polished diamonds. But
February, 2013 has given a new ray of hope to the industry as the export of
polished diamonds has actually increased by 28%. It means the industry is on
the track of recovery and round tripping of diamonds has stopped completely.”
Demand has started coming from the US, the UK, Japan and China. India’s
polished diamond export is expected to cross $ 21 bn in 2013-14.
-
The
banking sector has started exercising restraint while following prudent risk
management norms when lending money to gems and jewellery sector. This follows
the implementation of Basel III accord – a global voluntary regulatory standard
on bank capital adequacy, stress testing and market liquidity.
Note:
The registered office
of the company has been against shifted from 401-Trade Centre, Bandra Kurla Complex,
Mumbai – 400051, Maharashtra India to present address w.e.f. 22.08.2012
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10362272 |
30/05/2012 |
175,900,000.00 |
UNION BANK OF INDIA |
OVERSEAS SEEPZ BRANCH, #007, BLOCK II, SEEPZ++,, JOGESHWARI VIKHROLI LINK ROAD, ANDHERI EAST,, MUMBAI, MAHARASHTRA - 400096, INDIA |
B42281394 |
|
2 |
90353333 |
05/06/2014 * |
6,333,000,000.00 |
THE ROYAL BANK OF SCOTLAND N. V. |
4, NORTH AVENUE, LEVEL 3, MAKER MAXITY, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
C09564246 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant
and Machinery
·
Electrical
Fittings
·
Furniture
and Fixtures
·
Office
Equipments
·
Computers
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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. 61.95 |
|
|
1 |
Rs. 77.16 |
|
Euro |
1 |
Rs. 76.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared by
: |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
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 |
|
53 |
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.