MIRA
INFORM REPORT
|
Report Date : |
08.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRECIOUS MINERAL PROCESSING SYSTEMS PRIVATE LIMITED [w.e.f.
08.03.2011] |
|
|
|
|
Formerly Known
As : |
PRECIOUS FAB CAST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4809, Phase – 4, GIDC, Near Water Tank, Vatva, Ahmedabad – 382445, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
09.12.1988 |
|
|
|
|
Com. Reg. No.: |
04-011611 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.050 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28939GJ1988PTC011611 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
AHMP01344A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP1437C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Minerals and Chemical Processing Machines and Mineral Handling
Systems. |
|
|
|
|
No. of Employees
: |
30 [Approximately] |
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 |
|
Maximum Credit Limit : |
USD 26000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears drastic dip in profitability of the company during the
financial year 2012. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
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
31-03-2012.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms Shalini |
|
Designation : |
Administration |
|
Contact No.: |
91-79-25840315 |
|
Date : |
04.02.2014 |
LOCATIONS
|
Registered Office/ Factory : |
4809, Phase – 4, GIDC, Near Water Tank, Vatva, Ahmedabad – 382445,
Gujarat, India |
|
Tel. No.: |
91-79-25840315 / 25842237 |
|
Mobile No.: |
91-9998365202 / 9725038237 / 8376806314 [Mr. Nishesh Agrawal] |
|
Fax No.: |
91-79-25840026 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As On 30.09.2013
|
Name : |
Mr. Nishesh Pravinbhai Agrawal |
|
Designation : |
Director |
|
Address : |
E/4, Alaknanda Society, Behind Civil Hospital, Shahibag, Ahmedabad –
380004, Gujarat, India |
|
Date of Birth/Age : |
20.08.1983 |
|
Date of Appointment : |
15.10.2009 |
|
DIN No.: |
02804317 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U28939GJ1988PTC011611 |
PRECIOUS MINERAL
PROCESSING SYSTEMS PRIVATE LIMITED |
Director |
15/10/2009 |
15/10/2009 |
- |
Active |
NO |
|
2 |
U29190GJ2010PTC062452 |
CHITRA PRECIOUS
MECHTECH PRIVATE LIMITED |
Director |
27/09/2010 |
27/09/2010 |
- |
Active |
NO |
|
Name : |
Mr. Pravinbhai Agrawal |
|
Designation : |
Director |
|
Address : |
E/4, Alaknanda Society, Behind Civil Hospital, Shahibag, Ahmedabad – 380004,
Gujarat, India |
|
Date of Birth/Age : |
21.08.1954 |
|
Date of Appointment : |
09.12.1988 |
|
DIN No.: |
00313701 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U65910GJ1984ULT006873 |
ADROIT TRADING
AND INVESTMENT COMPANY |
Director |
25/08/1987 |
25/08/1987 |
30/04/2011 |
Active |
NO |
|
2 |
U28939GJ1988PTC011611 |
PRECIOUS MINERAL
PROCESSING SYSTEMS PRIVATE LIMITED |
Director |
09/12/1988 |
09/12/1988 |
- |
Active |
NO |
|
3 |
U24232GJ2007PTC050233 |
GREEN HIMALAYA
BIOSCIENCES PRIVATE LIMITED |
Director |
15/03/2007 |
15/03/2007 |
20/12/2010 |
Active |
NO |
|
Name : |
Mrs. Chitra Pravin Agrawal |
|
Designation : |
Director |
|
Address : |
E/4, Alaknanda Society, Behind Civil Hospital, Shahibag, Ahmedabad –
380004, Gujarat, India |
|
Date of Birth/Age : |
22.09.1956 |
|
Date of Appointment : |
24.05.2004 |
|
DIN No.: |
00313731 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U28939GJ1988PTC011611 |
PRECIOUS MINERAL
PROCESSING SYSTEMS PRIVATE LIMITED |
Director |
24/05/2004 |
24/05/2004 |
- |
Active |
NO |
|
2 |
U29190GJ2010PTC062452 |
CHITRA PRECIOUS
MECHTECH PRIVATE LIMITED |
Director |
27/09/2010 |
27/09/2010 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Ms Shalini |
|
Designation : |
Administration |
|
Name : |
Parikh Dave and Associates |
|
Designation : |
Company Secretary |
|
Address : |
5- D, 5th Floor, Vardan Exclusive, Next to Vimal House,
Near Stadium Petrol Pump, Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26405454 |
|
Email: |
MAJOR SHAREHOLDERS
As On 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Pravinbhai Agrawal |
|
81970 |
|
Chitra Pravin Agrawal |
|
87980 |
|
Nishesh Pravinbhai Agrawal |
|
109500 |
|
Rameshwar Sahai Babulalji Govil |
|
5650 |
|
Priyanka Pravin Agrawal |
|
5000 |
|
Pravin Rameshwar Agrawal HUF |
|
14900 |
|
|
|
|
|
Total |
|
305000 |
As On 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Minerals and Chemical Processing Machines and Mineral
Handling Systems. |
|
|
|
|
Products : |
·
Ball Mill ·
Continuous Ball Mill
·
Maruti Impact
Pulverizer ·
Micro Pulverizer ·
Spice Pulverizer ·
Ultra Fine Turbo
Mill ·
Jaw Crusher ·
Pre Crusher ·
Roll Crusher ·
Super Hammer Mill ·
Disintegrator ·
Vibrating Screen ·
Gyratory Siever
(Sifter) ·
U-Mixer cum Blender ·
Sigma Mixer ·
Spice Plant ·
Plaster of Paris
Plant ·
Mobile stone Unit ·
Stone Crushing and
Screening Plant ·
Steel Slag Crushing
Plant ·
Mineral Processing
Plant ·
Belt Conveyors ·
Hammer Crusher ·
Cattle Feed Plant ·
Pin Mill / Disc
Pulverizer ·
Bucket Elevator |
|
|
|
|
Exports : |
|
|
Products : |
Machinery |
|
Countries : |
·
Africa ·
Middle East ·
US |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
· Germany · Italy |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Cash |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
No. of Employees : |
30 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Bank of India, Vatva Industrial Estate Branch, Plot No.91/21, Phase- 1, GIDC
Industrial Estate, Vatva, Ahmedabad – 382445, Gujarat, India ·
HDFC Bank ·
State Bank of India, Vatva Branch, Ahmedabad – 382445, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
The demand loans from Bank includes Working Capital Loans From Bank Rs.
7.634 Millions secured against all changeable current assets and by a
collateral security by way of charge on Collateral Security of Factory Land
and Building, at plot No. 4809, Phase – 4, GIDC, Near Water Tank, Vatva,
Ahmedabad – 382445, Gujarat, India, and also this term loans are guaranteed
by directors of the company. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. P. Sompura and Company Chartered Accountant |
|
Address : |
2, “Shivam” Shayona Prasad Bunglow, Shayona City, R C Technical Road,
Ghatlodia, Ahmedabad – 380061, Gujarat, India |
|
Tel. No.: |
91-79-27663411 |
|
Mobile: |
91-9825304497 |
|
Email: |
|
|
PAN No.: |
ACMPS6223R |
|
|
|
|
Associates/Subsidiaries : |
· Chitra Precious Mechtech Private Limited Address : 4809, Phase –
4, GIDC, Near Water Tank, Vatva, Ahmedabad – 382445, Gujarat, India Activity: Manufacturer of machinery
[Used in industry like cement, ceramic, minerals etc.] |
|
|
|
|
Significant : |
· Chitr Pharma Machinery · Aprtcot Pharmacia · Techforce industries |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/-each |
Rs.5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
305000 |
Equity Shares |
Rs.10/-each |
Rs.3.050 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
3.050 |
3.050 |
|
(b) Reserves & Surplus |
|
3.375 |
2.955 |
|
(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) |
|
6.425 |
6.005 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
8.688 |
3.999 |
|
(b) Deferred tax liabilities (Net) |
|
0.019 |
0.059 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
8.707 |
4.058 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
7.718 |
9.760 |
|
(b) Trade
payables |
|
5.647 |
7.966 |
|
(c) Other
current liabilities |
|
7.066 |
7.776 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
20.431 |
25.502 |
|
|
|
|
|
|
TOTAL |
|
35.563 |
35.565 |
|
|
|
|
|
|
I.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
3.371 |
7.569 |
|
(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 |
|
4.532 |
0.273 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
7.903 |
7.842 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
14.538 |
8.999 |
|
(c) Trade
receivables |
|
10.528 |
10.074 |
|
(d) Cash
and cash equivalents |
|
0.439 |
0.006 |
|
(e)
Short-term loans and advances |
|
2.155 |
5.644 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
27.660 |
24.723 |
|
|
|
|
|
|
TOTAL |
|
35.563 |
32.565 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.050 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.289 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.339 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.380 |
|
|
2] Unsecured Loans |
|
|
15.155 |
|
|
TOTAL BORROWING |
|
|
15.535 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.190 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
21.064 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3.878 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
15.068
|
|
|
Sundry Debtors |
|
|
6.894
|
|
|
Cash & Bank Balances |
|
|
1.277
|
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
6.542
|
|
Total
Current Assets |
|
|
29.781
|
|
|
Less : CURRENT LIABILITIES
& PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
11.836
|
|
|
Other Current Liabilities |
|
|
0.532
|
|
|
Provisions |
|
|
0.227
|
|
Total
Current Liabilities |
|
|
12.595
|
|
|
Net Current Assets |
|
|
17.186
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
21.064 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
30.945 |
62.513 |
54.257 |
|
|
|
Other Income |
NA |
NA |
0.224 |
|
|
|
TOTAL |
NA |
NA |
54.481 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Purchase |
|
|
48.271 |
|
|
|
Direct Expenses |
|
NA |
1.270 |
|
|
|
Indirect Expenses |
|
|
7.292 |
|
|
|
Increase decrease in stock |
|
|
(3.419) |
|
|
|
TOTAL |
|
NA |
53.414 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
1.498 |
1.067 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.679 |
0.491 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.819 |
0.576 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.154 |
0.046 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.420 |
0.665 |
0.530 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
1.212 |
0.681 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
NA |
1.877 |
1.212 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
Nil
|
7.091 |
5.430 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
Nil
|
Nil
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.37 |
2.18 |
1.74 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
NA |
0.97
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
1.31
|
1.06
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
2.51
|
1.71
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.14
|
0.11
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.55 |
2.29
|
5.27
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
0.97
|
2.36
|
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 |
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 |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Long Term
Borrowing |
|
|
|
Loans From Other Parties |
0.035 |
0.035 |
|
Loans and Advance From Related Parties |
8.500 |
3.770 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Loans Repayable on Demand from Banks |
0.083 |
0.239 |
|
|
|
|
|
Total |
8.618 |
4.044 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90110449 |
19/09/2013 * |
48,200,000.00 |
Bank of India |
Vatva Industrial
Estate Branch, 91/21, Vatva Ind. |
B86942471 |
|
2 |
90112727 |
17/08/2005 * |
1,250,000.00 |
BANK OF INDIA |
VATVA INDUSTIRAL
ESTATE BRANCH, AHMEDABAD, Gujarat |
- |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Air Conditioner
·
Air Cooler
·
Camera
·
Plant and Machinery
·
Furniture and Fixtures
·
Computer and Printer
·
Office Equipments
·
Electrical Installations and Fittings
·
Car
·
Scooter
·
Pager
·
Fax Machine
·
Type Writer
·
Mobile Phones
·
Weight Scale
·
Attendance Machine
·
Vehicle
·
Pallet Truck
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.45 |
|
|
1 |
Rs.102.01 |
|
Euro |
1 |
Rs.84.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
SLN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
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 |
|
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.