1. Summary Information
|
|
|
Country |
|
|
Company Name |
SEMPERTRANS-NIRLON
PRIVATE LIMITED |
Principal Name 1 |
Mr. Michael Wolfram |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Gerhard klingenbrunner |
|
|
|
Registration # |
11-123800 |
|
Street Address |
Plot No.21/1, MIDC Dhatav, Roha, Raigad – 402110, |
||
|
Established Date |
24.01.2000 |
SIC Code |
-- |
|
Telephone# |
91-2194-263671 |
Business Style 1 |
Manufacturing |
|
Fax # |
91-2194-263672 |
Business Style 2 |
Selling |
|
Homepage |
Product Name 1 |
Textile Re-inforced |
|
|
# of employees |
120 (Approximately) |
Product Name 2 |
Textile Conveyer Belts |
|
Paid up capital |
Rs.230,769,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings 100.00% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
14 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(51) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding Company : |
Austria |
Semperit Aktiengesellschaft Holding |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
413,770,000 |
Current Liabilities |
355,194,000 |
|
Inventories |
334,812,000 |
Long-term Liabilities |
0,000 |
|
Fixed Assets |
148,389,000 |
Other Liabilities |
38,440,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
393,634,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
272,568,000 |
|
|
|
Net Worth |
503,337,000 |
|
Total Assets |
896,971,000 |
Total Liab. & Equity |
896,971,000 |
|
Total Assets (Previous Year) |
832,380,000 |
|
|
|
P/L Statement as of |
31.12.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
865,390,000 |
Net Profit |
(75,200,000) |
|
Sales(Previous yr) |
1,113,990,000 |
Net Profit(Prev.yr) |
(14,470,000) |
MIRA
INFORM REPORT
|
Report Date : |
19.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
SEMPERTRANS-NIRLON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.21/1, MIDC Dhatav, Roha, Raigad – 402110, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2012 |
|
|
|
|
Date of
Incorporation : |
24.01.2000 |
|
|
|
|
Com. Reg. No.: |
11-123800 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.230.769 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24200MH2000PTC123800 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS9279E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Selling Textile Re-inforced, Textile Conveyer Belts.
|
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2013000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a wholly owned subsidiary of Semperit A.G. Holding is an established
company having satisfactory track record. Company has incurred loss from its operation during December, 2012.
However, liquidity position of the company appears good. Company is working
on its owned fund. Trade relations are fair. Business is active. Payment terms are
regular and as per commitment. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Fund based bank facilities A- |
|
Rating Explanation |
Adequate degree of safety. It carry low
credit risk. |
|
Date |
November 28, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Non fund based bank facilities A2+ |
|
Rating Explanation |
Strong degree of safety. It carry very low
credit risk. |
|
Date |
November 28, 2013 |
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
|
Name : |
Mr. Vinod |
|
Designation : |
Export Manager |
|
Contact No.: |
91-22-6850236 |
|
Date : |
13.02.2014 |
LOCATIONS
|
Registered Office / Factory : |
Plot No.21/1, MIDC Dhatav, Roha, Raigad – 402110, |
|
Tel. No.: |
91-2194-263671 / 263578 / 263579 / 264466 / 264468 / 2635700 |
|
Fax No.: |
91-2194-263672 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Marketing Office : |
Nirlon Complex, |
|
Tel. No.: |
91-22-26850234/35/36 |
|
Fax No.: |
91-22-26850035 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Branch Office 1 : |
57, F, |
|
Tel. No.: |
91-33-24657902/24657904 |
|
Fax No.: |
91-33-24657904 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office 2 : |
73, |
|
Tel. No.: |
91-44-22301351 |
|
Fax No.: |
91-44-22301350 |
|
E-Mail : |
|
|
Location : |
Rented |
|
|
|
|
Branch Office 3 : |
D – 1/209, Virat Bhawan, Commercial Complex, Mukherjee Nagar, New
Delhi – 110009, India |
|
Tel. No.: |
91-11-27654206 |
|
Fax No.: |
91-11-27654207 |
|
E-Mail : |
|
|
Location : |
Rented |
DIRECTORS
As on: 29.06.2013
|
Name : |
Mr. Michael Wolfram |
|
Designation : |
Director |
|
Address : |
Porzellangasse 33 A / 4 / 8, Wien, 1090, Austria |
|
Date of Birth/Age : |
13.08.1971 |
|
Date of Appointment : |
29.06.2012 |
|
DIN No.: |
05234665 |
|
|
|
|
Name : |
Mr. Gerhard klingenbrunner |
|
Designation : |
Director |
|
Address : |
Josef Schoffel – Gasse 53, Klosterneuburg, 3400, Austria |
|
Date of Birth/Age : |
07.06.1956 |
|
Date of Appointment : |
28.10.2000 |
|
DIN No.: |
02721944 |
|
|
|
|
Name : |
Mr. Richard Ehrenfeldner |
|
Designation : |
Director |
|
Address : |
Semmelweisgasse 2, TErnitz, 2630, Austria |
|
Date of Birth/Age : |
30.03.1954 |
|
Date of Appointment : |
11.08.2011 |
|
DIN No.: |
03594244 |
|
|
|
|
Name : |
Mr. Bertrand Heckel |
|
Designation : |
Director |
|
Address : |
45 Avenue Junot 75018 Paris 18, France |
|
Date of Birth/Age : |
03.02.1962 |
|
Date of Appointment : |
04.06.2008 |
|
DIN No.: |
02691992 |
|
|
|
|
Name : |
Mr. Rajesh Kaza |
|
Designation : |
Director |
|
Address : |
Plot Nos. 82 and 83, Shakti Sai Nagar, Mallapur, Nacharam – 500076,
Hyderabad, India |
|
Date of Birth/Age : |
03.02.1962 |
|
Date of Appointment : |
15.10.2012 |
|
DIN No.: |
05134900 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.06.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Semperit Aktiengesellschaft
Holding, Austria |
23076899 |
100.00 |
|
|
1 |
0.00 |
|
Total |
23,076,900 |
100.00 |
As on: 29.06.2013
Equity Share Break up (Percentage of Total Equity)
|
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling Textile Re-inforced, Textile Conveyer Belts.
|
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Belt |
||||
|
Countries : |
·
Gulf Countries ·
UK ·
Indonesia |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
·
Korea ·
China |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C, Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
120 (Approximately) |
|
|
|
|
Bankers : |
State Bank of India, Commercial Branch, N.G.N. Vaidya Marg, Fort, Mumbai
– 400023, Maharashtra, India |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
SRBC and Company
LLP Chartered
Accountants |
|
Address : |
14th
Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400028, Maharashtra,
India |
|
PAN No. : |
ACHFS9117R |
|
|
|
|
Holding Company : |
Semperit Aktiengesellschaft Holding, Austria |
|
|
|
|
Fellow Subsidiary Company : |
|
CAPITAL STRUCTURE
As on: 29.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23076900 |
Equity Shares |
Rs.10/- each |
Rs.230.769 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 |
|
230.769 |
230.769 |
|
(b) Reserves & Surplus |
|
272.568 |
347.761 |
|
(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) |
|
503.337 |
578.530 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.396 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
10.848 |
10.011 |
|
Total Non-current Liabilities (3) |
|
10.848 |
10.407 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
308.521 |
183.501 |
|
(c) Other current
liabilities |
|
46.673 |
35.406 |
|
(d) Short-term provisions |
|
27.592 |
24.536 |
|
Total Current Liabilities (4) |
|
382.786 |
243.443 |
|
|
|
|
|
|
TOTAL |
|
896.971 |
832.380 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
147.354 |
165.576 |
|
(ii) Intangible Assets |
|
1.035 |
0.448 |
|
(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 |
|
6.965 |
6.785 |
|
(e) Other Non-current assets |
|
18.604 |
25.104 |
|
Total Non-Current Assets |
|
173.958 |
197.913 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
334.812 |
265.995 |
|
(c) Trade receivables |
|
196.869 |
94.407 |
|
(d) Cash and cash
equivalents |
|
169.513 |
257.306 |
|
(e) Short-term loans
and advances |
|
20.026 |
14.551 |
|
(f) Other current
assets |
|
1.793 |
2.208 |
|
Total Current Assets |
|
723.013 |
634.467 |
|
|
|
|
|
|
TOTAL |
|
896.971 |
832.380 |
|
SOURCES OF FUNDS |
|
|
31.12.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
230.769 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
333.299 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
564.068 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
9.307 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
573.375 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
184.156 |
|
|
Capital work-in-progress |
|
|
0.302 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
151.835 |
|
|
Sundry Debtors |
|
|
362.644 |
|
|
Cash & Bank Balances |
|
|
68.471 |
|
|
Other Current Assets |
|
|
0.570 |
|
|
Loans & Advances |
|
|
37.904 |
|
Total
Current Assets |
|
|
621.424 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
209.612 |
|
|
Other Current Liabilities |
|
|
11.628 |
|
|
Provisions |
|
|
11.267 |
|
Total
Current Liabilities |
|
|
232.507 |
|
|
Net Current Assets |
|
|
388.917 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
573.375 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
865.390 |
1113.990 |
1195.280 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
940.990 |
1078.860 |
1186.680 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(75.600) |
(35.130) |
8.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.400) |
(20.660) |
8.060 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(75.200) |
(14.470) |
0.540 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
347.770 |
333.300 |
332.760 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
272.570 |
347.770 |
333.300 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(3.26) |
(0.63) |
0.02 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2012 |
31.12.2011 |
31.12.2010 |
|
PAT / Total Income |
(%) |
(8.69)
|
(1.30) |
0.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.43)
|
(4.22) |
1.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.15)
|
((0.06) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.34
|
1.10 |
2.67 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 |
31.12.2012 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
230.769 |
230.769 |
|
Reserves & Surplus |
347.761 |
272.568 |
|
Net
worth |
578.530 |
503.337 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 |
31.12.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
1113.990 |
865.390 |
|
|
|
(22.316) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 |
31.12.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
1113.990 |
865.390 |
|
Profit / (Loss) |
(14.470) |
(75.200) |
|
|
(1.30%) |
(8.69%) |
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 |
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 |
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 |
No |
|
25] |
Conduct of
the banking account |
---------------------- |
|
26] |
Buyer visit
details |
---------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency
Rating, if available |
Yes |
INDEX CHARGES:
|
S.No.
|
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
90143601
|
25/10/2010
* |
105,000,000.00
|
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, N.G.N. VAIDYA MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
B00831867
|
* Date of charge modification
OPERATION
AND FUTURE OUTLOOK:
The production
decreased to 2332 tonnes in 2012. The production volume was mainly affected due
to strike in the Roha Plant since September 2011.
The
Company outsourced the manufacture of rubber compounds and conveyors belts so
that the order book is met. During the strike the Company ensured that no major
account is lost.
The
EBIT was Rs. 75.600 million mainly attributable to decrease production due to
strike leading to lower absorption of fixed overheads.
The
Operations were started on smaller scale from April 2012 and ramped up to 50%
of capacity by end 2012. The production is expected to be back to normal levels
by middle of 2013.
CORPORATE
INFORMATION:
Subject is a
private company domiciled in India and incorporated under the provisions of the
Companies Act, 1956. The company is engaged in the manufacturing and selling
textile re-inforced textile conveyor belts. The company caters to both domestic
and international markets. In 2012, the company has started business of trading
in hydraulic hoses for catering domestic markets.
FIXED ASSETS:
Ø
Building
Ø
Electrical Installations
Ø
Factory Equipments
Ø
Furniture and Fixture
Ø
Computers
Ø
Office Equipments
Ø
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.62.112 |
|
|
1 |
Rs.103.93 |
|
Euro |
1 |
Rs.85.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
51 |
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.