MIRA INFORM REPORT
|
Report Date : |
27.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT COPPER ALLOYS LIMITED |
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Formerly Known
As : |
GUJARAT COPPER ALLOYS PRIVATE LIMITED |
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Registered Office
: |
Survey No.
287/3, Village Kherdi, Khanvel Silvassa - 396230, Dadra and Nagar Haveli |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
12.09.1989 |
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Com. Reg. No.: |
54-000346 |
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Capital
Investment / Paid-up Capital : |
Rs.3.607 Millions |
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CIN No.: [Company Identification
No.] |
U27200DN1989PLC000346 |
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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 : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Copper Strips, Rods etc. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
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 but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk
profile marked by low profitability levels and increased in external
borrowing of the company over previous year, which acts as threatening to the
liquidity position of the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealings with some caution. NOTE: 23 AC documents
for the year 2014 could not be made available from any source. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
Management Non Co-operative (91-22-43422323)
LOCATIONS
|
Registered Office / Factory : |
Survey No.
287/3, Village Kherdi, Khanvel Silvassa – 396230, Dadra and |
|
Tel. No.: |
91-260-2677356 / 3294226 |
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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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Corporate/ Admin Office : |
Chaman Chambers, 3rd Floor, Off. No.1, 10-A,
Cinema Road, Marine Street, Dhobi Talao, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-43422323 / 22053913 / 22014695 |
|
Fax No.: |
91-22-22084759 |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Ravi Mohanlal Jain |
|
Designation : |
Director |
|
Address : |
2901, Shreepati
Arcade, August Kranti Marg, Gowalia Tank, Mumbai-400036 |
|
Date of Appointment : |
20.12.2004 |
|
DIN No.: |
00771469 |
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|
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|
Name : |
Mrs. Manjula Mohanlal Jain |
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Designation : |
Director |
|
Address : |
2901, Shreepati
Arcade, August Kranti Marg, Gowalia Tank, Mumbai-400036 |
|
Date of Appointment : |
20.12.2004 |
|
DIN No.: |
00783825 |
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|
|
|
Name : |
Mr. Ramesh Bhaktavarmal Jain |
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Designation : |
Director |
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Address : |
18, Gopal
Krishna Bhavan, Karelwadi, Thakur Road, Mumbai-400002 |
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Date of Appointment : |
20.02.2004 |
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DIN No.: |
00784287 |
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Name : |
Mr. Mohanlal Bhagtawarmal Jain |
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Designation : |
Director |
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Address : |
2901, Shreepati
Arcade, August Kranti Marg, Gowalia Tank, Mumbai-400036 |
|
Date of Appointment : |
28.11.2005 |
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DIN No.: |
02556214 |
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Name : |
Mrs. Ganga Ramesh Jain |
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Designation : |
Director |
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Address : |
18, Gopal Krishna
Bhavan, Karelwadi, Thakur Road, Mumbai-400002 |
|
Date of Appointment : |
28.11.2005 |
|
DIN No.: |
02955750 |
MAJOR SHAREHOLDERS
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Ramesh Jain |
117294 |
|
Ganga Jain |
62700 |
|
Mohanlal Baktavarmal Jain |
75600 |
|
Manjula Mohanlal Jain |
52500 |
|
Ravi Mohanlal Jain |
50100 |
|
Leela |
500 |
|
Kamla |
500 |
|
Kamlesh |
1000 |
|
Sanjay |
500 |
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|
|
|
Total |
360694 |
As on 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Copper Strips, Rods etc. |
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Products : |
Not Divulged |
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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 : |
·
Arbuda
Acid and Chemical Company ·
Asha
Enterprises ·
Atma
Agriculture Private Limited ·
Balaji
Construction ·
Bhavani
Metal and Company ·
Bimpex
Machines Private Limited ·
C.
Vadilal and Company ·
Dhurvi
Infracom Private Limited ·
Bharati
Engineering Works ·
A.N.
Mehta ·
Anant
Enterprises ·
Apple
Insulated Wires Private Limited ·
OM Electrical Works ·
Parsik Traders Private Limited ·
Pioneer Furnnance Private Limited ·
Shreeji Telecom |
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Customers : |
Wholesalers and
End Users ·
Alcon
Electronics Private Limited ·
Auto
Repowering Works Private Limited ·
Baroda
Conductors Private Limited ·
Bright
Engineering ·
Classic
Enterprises ·
Fine
Blanking Private Limited ·
IFB
Industries Limited ·
Vibha
Corporation ·
Vishal
Fab (India) Private Limited ·
Autometer
Alliance Limited |
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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 : |
P. K. Mutha and Company Chartered Accountants |
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Address : |
Alankar, 3rd Floor, 208, Samuel Street, Masjid Bunder, Mumbai – 400003,
Maharashtra, India |
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Tel. No.: |
91-22-23436467/ 23414361 |
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Mobile No.: |
91-9820426111 |
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Fax No.: |
91-22-66336963 |
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PAN
No. : |
AAFPN3396L |
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Membership : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360694 |
Equity Shares |
Rs.10/- each |
Rs.3.607 Millions |
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|
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 |
3.607 |
3.607 |
3.607 |
|
(b) Reserves & Surplus |
44.814 |
37.466 |
31.409 |
|
(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) |
48.421 |
41.073 |
35.016 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
121.681 |
101.667 |
139.655 |
|
(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) |
121.681 |
101.667 |
139.655 |
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|
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(4)
Current Liabilities |
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|
|
|
(a) Short
term borrowings |
49.668 |
3.218 |
13.333 |
|
(b) Trade
payables |
69.502 |
96.001 |
64.127 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
6.720 |
6.833 |
8.107 |
|
Total Current
Liabilities (4) |
125.890 |
106.052 |
85.567 |
|
|
|
|
|
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TOTAL |
295.992 |
248.792 |
260.238 |
|
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|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
63.645 |
62.628 |
60.578 |
|
(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 |
2.903 |
3.170 |
2.971 |
|
(c) Deferred tax assets (net) |
0.349 |
0.466 |
0.582 |
|
(d) Long-term Loan and Advances |
0.087 |
0.088 |
0.088 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
66.984 |
66.352 |
64.219 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
49.331 |
33.717 |
34.250 |
|
(c) Trade
receivables |
141.209 |
109.123 |
138.050 |
|
(d) Cash
and cash equivalents |
(5.558) |
6.595 |
1.705 |
|
(e)
Short-term loans and advances |
44.026 |
33.005 |
22.014 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
229.008 |
182.440 |
196.019 |
|
|
|
|
|
|
TOTAL |
295.992 |
248.792 |
260.238 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
797.534 |
577.695 |
431.003 |
|
|
|
Other Income |
5.465 |
5.894 |
0.189 |
|
|
|
TOTAL (A) |
802.999 |
583.589 |
431.192 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
775.217 |
551.129 |
400.069 |
|
|
|
Changes in inventories of finished goods, work in progress and stock
in trade |
(15.614) |
0.533 |
(7.863) |
|
|
|
Employee benefit Expenses |
4.790 |
4.254 |
3.408 |
|
|
|
Other Administrative Expenses |
9.322 |
9.968 |
8.103 |
|
|
|
TOTAL (B) |
773.715 |
565.884 |
403.717 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
29.284 |
17.705 |
27.475 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.865 |
7.416 |
8.577 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.419 |
10.289 |
18.898 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.040 |
2.885 |
2.832 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.379 |
7.404 |
16.066 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.891 |
1.347 |
5.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.488 |
6.057 |
10.634 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.00 |
17.00 |
29.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.93
|
1.04
|
2.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.18
|
1.28
|
3.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.20
|
3.02
|
6.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.18
|
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.54
|
2.55
|
4.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.82
|
1.72
|
2.29 |
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 |
3.607 |
3.607 |
3.607 |
|
Reserves & Surplus |
31.409 |
37.466 |
44.814 |
|
Net
worth |
35.016 |
41.073 |
48.421 |
|
|
|
|
|
|
long-term borrowings |
139.655 |
101.667 |
121.681 |
|
Short term borrowings |
13.333 |
3.218 |
49.668 |
|
Total
borrowings |
152.988 |
104.885 |
171.349 |
|
Debt/Equity
ratio |
4.369 |
2.554 |
3.539 |
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 |
431.003 |
577.695 |
797.534 |
|
|
|
34.035 |
38.055 |
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 |
431.003 |
577.695 |
797.534 |
|
Profit |
10.634 |
6.057 |
7.488 |
|
|
2.47% |
1.05% |
0.94% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT IS 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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 5/188, 1st
Floor, Roowala Tekara, Surat – 395003, Gujarat India to the present
w.e.f.01.04.2009.
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from
Directors |
|
|
|
Mohanlal B. Jain |
7.262 |
27.752 |
|
Ravi M. Jain |
15.529 |
14.652 |
|
Ganga R Jain |
0.624 |
0.000 |
|
Manjula M. Jain |
5.374 |
0.000 |
|
Ramesh B. Jain |
51.113 |
55.795 |
|
|
|
|
|
Other Loans and
Advance |
|
|
|
Awi M. Jain |
19.968 |
0.000 |
|
Kanika R. lain |
5.011 |
0.000 |
|
5anny R. Jain |
12.315 |
0.000 |
|
Sunrise Metal Industries |
1.682 |
1.025 |
|
|
|
|
|
Total |
118.878 |
99.224 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10391900 |
04/10/2013 * |
165,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B86981388 |
|
2 |
10250997 |
04/10/2013 * |
165,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B86981073 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Factory Building
·
Building under Construction
·
Office Equipments
·
Plant and Machinery
·
Computer
·
Electric Fitting
·
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.63.64 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
32 |
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.