1. Summary Information
|
Country |
|
||
|
Company Name |
VIDUSHI WIRES
PRIVATE LIMITED |
Principal Name 1 |
Mr. Sunil Puranmal Poddar |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Gautam Puranmal Poddar |
|
Registration # |
11-091119 |
||
|
Street Address |
Plot No. C-6,
Additional Ambernath, MIDC Industrial Area, Anand Nagar, Ambernath, Thane –
421 506, |
||
|
Established Date |
28.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-251-2620515 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-251-2620469 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Spring Steel Wire |
|
|
# of employees |
Not Available |
Product Name 2 |
Annealed Wire |
|
Paid up capital |
Rs.9,990,000/- |
Product Name 3 |
Spoke Wire |
|
Shareholders |
Directors or relatives of directors-100% |
Banking |
The Saraswat Co-Operative Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
19 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
196,738,000 |
Current Liabilities |
98,027,000 |
|
Inventories |
75,443,000 |
Long-term Liabilities |
178,269,000 |
|
Fixed Assets |
182,184,000 |
Other Liabilities |
13,418,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
289,714,000 |
|
Invest& other Assets |
25,000 |
Retained Earnings |
154,686,000 |
|
|
|
Net Worth |
164,676,000 |
|
Total Assets |
454,390,000 |
Total Liab. & Equity |
454,390,000 |
|
Total Assets (Previous Year) |
370,710,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
937,900,000 |
Net Profit |
15,515,000 |
|
Sales(Previous yr) |
797,709,000 |
Net Profit(Prev.yr) |
29,895,000 |
MIRA INFORM REPORT
|
Report Date : |
21.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIDUSHI WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. C-6, Additional Ambernath, MIDC Industrial Area, Anand Nagar,
Ambernath, Thane-421 506, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-091119 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.990 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28990MH1995PTC091119 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Acid Pickling, Prospecting Plant, Wire Drawing
Machines, Coil to Coil and Coil to Bar
|
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 650000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2013. As per available financial of 2012, the rating reflects sound
financial risk profile driven by decent liquidity position and fair
profitability of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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.
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
All the Imformations are prowided by Account Department
LOCATIONS
|
Registered Office / Factory : |
Plot No. C-6, Additional Ambernath, MIDC Industrial Area, Anand Nagar,
Ambernath, Thane – 421 506, |
|
Tel. No.: |
91-251-2620515 / 2620469 / 2621709 / 2621607 |
|
Fax No.: |
91-251-2620469 / 2444839 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Sunil Puranmal Poddar |
|
Designation : |
Director |
|
Address : |
Plot No. RL-I, Milap Nagar, MIDC Residential Zone, Dombivli (East),
Thane-421203, |
|
Date of Birth/Age : |
30.10.1968 |
|
Date of Appointment : |
28.07.1995 |
|
DIN No.: |
01637719 |
|
|
|
|
Name : |
Mr. Gautam Puranmal Poddar |
|
Designation : |
Director |
|
Address : |
Plot No. RL-I, Milap Nagar, MIDC Residential Zone, Dombivli (East),
Thane-421203, |
|
Date of Birth/Age : |
02.06.1976 |
|
Date of Appointment : |
28.07.1995 |
|
DIN No.: |
01612065 |
|
|
|
|
Name : |
Mr. Puranmal Deviprasad Poddar |
|
Designation : |
Director |
|
Address : |
D/7, Shree Laxi Apartment, |
|
Date of Birth/Age : |
29.06.1944 |
|
Date of Appointment : |
28.07.1995 |
|
DIN No.: |
01754240 |
|
|
|
|
Name : |
Mrs. Minu Sunil Poddar |
|
Designation : |
Director |
|
Address : |
Plot No. RL-I, Milap Nagar, MIDC Residential Zone, Dombivli (East),
Thane-421203, |
|
Date of Birth/Age : |
15.08.1969 |
|
Date of Appointment : |
28.07.1995 |
|
DIN No.: |
01678019 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Puranmal Poddar |
|
250000 |
|
Gautam Puranmal Poddar |
|
474000 |
|
Minu Sunil Poddar |
|
60000 |
|
Puranmal Deviprasad Poddar |
|
40000 |
|
Aarons Credit Capital Private Limited, India |
|
140000 |
|
Gautam Puranmal Poddar (HUF) |
|
1000 |
|
Nidhi Poddar |
|
26000 |
|
Premlata Poddar |
|
1000 |
|
Puranmal Deviprasad Poddar (HUF) |
|
1000 |
|
Sunil Poddar (HUF) |
|
1000 |
|
Saket Bagaria |
|
5000 |
|
Total |
|
999000 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Acid Pickling, Prospecting Plant, Wire Drawing
Machines, Coil to Coil and Coil to Bar
|
|
|
|
|
Products : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C / Cash / Credit |
|
|
|
|
Purchasing : |
L/C / Cash / Credit |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors 1 : |
|
|
Name : |
Thakkar and Shah Company Chartered Accountants |
|
|
|
|
Auditors 2 : |
|
|
Name : |
R. R. Anekar and Company Chartered Accountants |
|
Address : |
Shri Bhairav Kripa, Raghuvir Nagar, Near Indraprastha Building, Dombivli
– 421 201, Maharashtra, India |
|
Tel. No.: |
91-95251-2444839 / 2435344 |
|
Fax No.: |
91-95251-2444839 |
|
E-Mail : |
|
|
PAN No.: |
AASPA0999C |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
999000 |
Equity Shares |
Rs.10/- each |
Rs. 9.990
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
9.990 |
|
(b) Reserves & Surplus |
|
|
154.686 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
|
164.676 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
73.236 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
73.236 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
105.033 |
|
(b) Trade
payables |
|
|
98.027 |
|
(c) Other
current liabilities |
|
|
0.000 |
|
(d) Short-term
provisions |
|
|
13.418 |
|
Total Current
Liabilities (4) |
|
|
216.478 |
|
|
|
|
|
|
TOTAL |
|
|
454.390 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
|
|
182.184 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.834 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
183.018 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.025 |
|
(b) Inventories |
|
|
75.443 |
|
(c) Trade
receivables |
|
|
142.599 |
|
(d) Cash
and cash equivalents |
|
|
37.356 |
|
(e)
Short-term loans and advances |
|
|
15.949 |
|
(f) Other
current assets |
|
|
0.000 |
|
Total
Current Assets |
|
|
271.372 |
|
|
|
|
|
|
TOTAL |
|
|
454.390 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
8.050 |
3.750 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
139.171 |
109.276 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
147.221 |
113.026 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
128.927 |
77.390 |
|
|
2] Unsecured Loans |
|
18.111 |
12.632 |
|
|
TOTAL BORROWING |
|
147.038 |
90.022 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
294.259 |
203.048 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
128.806 |
98.819 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.025 |
0.025 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
73.137
|
41.857 |
|
|
Sundry Debtors |
|
103.000
|
121.579 |
|
|
Cash & Bank Balances |
|
4.394
|
1.588 |
|
|
Other Current Assets |
|
0.000
|
0.000 |
|
|
Loans & Advances |
|
61.315
|
34.874 |
|
Total
Current Assets |
|
241.846
|
199.898 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
61.294
|
87.804 |
|
|
Other Current Liabilities |
|
0.100
|
0.050 |
|
|
Provisions |
|
15.057
|
7.907 |
|
Total
Current Liabilities |
|
76.451
|
95.761 |
|
|
Net Current Assets |
|
165.395
|
104.137 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.033 |
0.067 |
|
|
|
|
|
|
|
|
TOTAL |
|
294.259 |
203.048 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
937.900 |
797.709 |
668.425 |
|
|
|
Discount and Rate Difference |
-- |
11.151 |
6.435 |
|
|
|
Dividend Received |
-- |
0.005 |
0.005 |
|
|
|
Interest |
-- |
1.828 |
1.897 |
|
|
|
Other Income |
1.972 |
0.000 |
0.300 |
|
|
|
TOTAL (A) |
939.872 |
810.693 |
677.062 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
-- |
626.731 |
559.079 |
|
|
|
Cost of Materials Consumed |
757.578 |
-- |
-- |
|
|
|
Employees benefits expense |
9.364 |
-- |
-- |
|
|
|
Other expenses |
110.204 |
-- |
-- |
|
|
|
Wages |
-- |
3.430 |
2.324 |
|
|
|
Factory Expenses |
-- |
71.555 |
45.714 |
|
|
|
General Expenses |
-- |
22.567 |
16.481 |
|
|
|
Directors Remuneration |
-- |
13.497 |
4.300 |
|
|
|
Audit Fees |
-- |
0.050 |
0.050 |
|
|
|
Keyman Insurance |
-- |
1.342 |
1.342 |
|
|
|
Discount Allowed |
-- |
0.766 |
0.949 |
|
|
|
TOTAL (B) |
877.146 |
739.938 |
630.239 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
62.726 |
70.755 |
46.823 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
20.086 |
13.030 |
13.251 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
42.640 |
57.725 |
33.572 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.578 |
12.773 |
10.571 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
23.062 |
44.952 |
23.001 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
7.547 |
15.057 |
7.907 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
15.515 |
29.895 |
15.094 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
15.53 |
37.14 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1050.000 |
|
|
|
|
|
Expected Sales (2013-14) : Rs.1000.000 Millions (Because of recession)
The above information has been parted by Account Department
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.65 |
3.69 |
2.23 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.46 |
5.64 |
3.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.08 |
12.13 |
7.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.31 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
105.48 |
1.52
|
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
3.16
|
2.09 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
668.425 |
797.709 |
937.900 |
|
|
|
19.342 |
17.574 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
668.425 |
797.709 |
937.900 |
|
Profit |
15.094 |
29.895 |
15.515 |
|
|
2.26% |
3.75% |
1.65% |
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 |
No |
|
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% |
Yes |
|
14] |
Estimation for coming financial year |
Yes |
|
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 |
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 LOAN
Rs.
In Millions
|
Particular |
|
As
on 31.03.2012 |
|
Long terms
Borrwoing |
|
|
|
Gautam Poddar (HUF) |
|
2.980 |
|
Puranmal Poddar (HUF) |
|
0.150 |
|
Premlata Devi Poddar |
|
2.950 |
|
Saket Bagaria |
|
1.100 |
|
Nidhi Poddar |
|
0.250 |
|
Sunil Poddar (HUf) |
|
2.700 |
|
Archi Steel Wires Private Limited |
|
0.200 |
|
Total |
|
10.330 |
|
|
|
|
Rs. In Millions
|
Particular |
|
As
on 31.03.2011 |
|
Sunil Poddar |
|
1.160 |
|
Minu Poddar |
|
1.118 |
|
Gautam Poddar (HUF) |
|
0.104 |
|
Puranmal Poddar (HUF) |
|
2.730 |
|
Premlata Poddar |
|
2.240 |
|
Premlata Poddar |
|
1.900 |
|
Saket Bagaria |
|
1.375 |
|
Nidhi Poddar |
|
2.201 |
|
Sunil Poddar (HUf) |
|
1.290 |
|
Gautam Poddar |
|
1.493 |
|
Archi Steel Wires Private Limited |
|
2.500 |
|
|
|
|
|
Total |
|
18.111 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10462139 |
31/10/2013 |
17,550,000.00 |
THE SARASWAT CO-OP. BANK LIMITED |
SMALL AND MEDIUM ENTERPRISES BRANCH, PRABHAT BHAVAN, 1ST FLOOR, 96, L.B.S. MARG, OPP.CIPLA,VIKHROLI(W),, MUMBAI, MAHARASHTRA - 400083, INDIA |
B90313321 |
|
2 |
10453895 |
21/08/2013 |
100,000,000.00 |
CITIBANK N. A. |
FIRST INTERNATIONAL FINANCIAL CENTRE , 9TH FLOOR, PLOT
NO.C-54, C-55, G-BLOCK, BKC, BANDRA (EAST), MU |
B87045845 |
|
3 |
10344007 |
09/03/2012 |
18,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME BRANCH, PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, 96 L.B.S. MARG, OPP CIPLA, VIKHROLI (W), MUMBAI, MAHARASHTRA - 400083, INDIA |
B35741826 |
|
4 |
10292521 |
20/05/2011 |
12,380,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SMALL AND MEDIUM ENTERPRISE BRANCH,, PRABHAT BHAV |
B15111024 |
|
5 |
10263598 |
19/01/2011 |
60,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SMALL AND MEDIUM ENTERPRISE BRANCH,, PRABHAT BHAV |
B03837580 |
|
6 |
10243102 |
24/09/2010 |
22,450,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SMALL AND MEDIUM ENTERPRISE BRANCH,, PRABHAT BHAV |
A96098389 |
|
7 |
10223079 |
01/06/2010 |
41,460,000.00 |
THE SARASWAT CO.OP. BANK LIMITED |
SMALL AND MEDIUM ENTERPRISE BRANCH,, PRABHAT BHAV |
A86721750 |
|
8 |
10223080 |
01/06/2010 |
4,550,000.00 |
THE SARASWAT CO.OP. BANK LIMITED |
SMALL AND MEDIUM ENTERPRISE BRANCH,, PRABHAT BHAV |
A86722170 |
|
9 |
10123789 |
08/11/2013 * |
120,000,000.00 |
THE SARASWAT CO-OP. BANK LIMITED |
SMALL AND MEDIUM ENTERPRISE BRANCH,, PRABHAT BHAV |
B90313909 |
|
10 |
10123791 |
17/09/2008 |
120,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
DOMBIVLI (EAST) BRANCH, SILVER COIN APARTMENT, BHANUNAGAR, BHAGAT SINGH ROAD, DOMBIVLI (EAST),, DOMBIVLI, MAHARASHTRA - 421201, INDIA |
A46409231 |
* Date of charge modification
FIXED ASSETS
·
Land
·
·
Plant and Machinery
·
Electrification
·
Vehicle
·
Fax Machine
·
Furniture
·
Computers
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 records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.28 |
|
|
1 |
Rs.103.84 |
|
Euro |
1 |
Rs.85.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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.