.1. Summary Information
|
Country |
India |
||
|
Company Name |
Yamuna International Merged With Yamuna Industries Limited |
Principal Name 1 |
Mr. Naresh Kumar Mittal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sanjay Mittal |
|
Registration # |
55-111054 |
||
|
Street Address |
F-572, Sarita Vihar, New Delhi – 110076, India |
||
|
Established Date |
30.05.2001 |
SIC Code |
-- |
|
Telephone# |
91-120-2586311 |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Monafilament Yarn |
|
|
# of employees |
150 (Approximately) |
Product Name 2 |
Kite Flying Yarn |
|
Paid up capital |
Rs.80,000,000/-
|
Product Name 3 |
breaches |
|
Shareholders |
Directors or relatives of
directors- 100% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
13 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 |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
29,193,000 |
Current Liabilities |
9,318,000 |
|
Inventories |
62,295,000 |
Long-term Liabilities |
114,313,000 |
|
Fixed Assets |
222,042,000 |
Other Liabilities |
1,662,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
125,293,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
108,237,000 |
|
|
|
Net Worth |
188,237,000 |
|
Total Assets |
313,530,000 |
Total Liab. & Equity |
313,530,000 |
|
Total Assets (Previous Year) |
311,977,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
254,496,0000 |
Net Profit |
7,275,000 |
|
Sales(Previous yr) |
231,614,000 |
Net Profit(Prev.yr) |
6,905,000 |
MIRA INFORM REPORT
|
Report Date : |
22.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
YAMUNA INDUSTRIES LIMITED YAMUNA INTERNATIONAL MERGED WITH YAMUNA INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
F-572, Sarita Vihar, New Delhi – 110076 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.05.2001 |
|
|
|
|
Com. Reg. No.: |
55-111054 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.80.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DL2001PLC111054 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACY1419N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing of monafilament yarn,
kite flying yarn, breaches etc. |
|
|
|
|
No. of Employees
: |
150 (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 750000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track
record. The company has achieved fair profitability from its operational activities
during the financial year 2013. 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 conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
|
Name : |
Mr. Sanjeev |
|
Designation : |
Production Manager |
|
Contact No.: |
91-120-2586311 |
|
Date : |
21.02.2014 |
LOCATIONS
|
Registered Office : |
F-572, Sarita Vihar, New Delhi – 110076, India |
|
Tel. No.: |
91-120-2586311 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office/ Factory 1: |
B-96, Sector 60, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-2586311/ 2586312 |
|
Fax No.: |
91-120-2586313 |
|
Area : |
15000 sq. ft. |
|
Locations : |
Owned |
|
|
|
|
Factory 2: |
6/C, Hoskote Industrial Area, Chokkahally Village, Bangalore – 562114,
Karnataka, India |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Naresh Kumar Mittal |
|
Designation : |
Managing Director |
|
Address : |
F-572, Sarita Vihar, New Delhi – 110076, India |
|
Date of Birth/Age : |
11.04.1964 |
|
Date of Appointment : |
15.01.2013 |
|
PAN No.: |
ABHPM8211B |
|
DIN No.: |
00522294 |
|
|
|
|
Name : |
Mr. Sanjay Mittal |
|
Designation : |
Director |
|
Address : |
F-572, Sarita Vihar, New Delhi – 110076, India |
|
Date of Birth/Age : |
23.10.1968 |
|
Date of Appointment : |
30.05.2001 |
|
PAN No.: |
ABCPM0580A |
|
DIN No.: |
00522362 |
|
|
|
|
Name : |
Mrs. Deepika Mittal |
|
Designation : |
Director |
|
Address : |
F-572, Sarita Vihar, New Delhi – 110076, India |
|
Date of Birth/Age : |
06.02.1970 |
|
Date of Appointment : |
30.05.2001 |
|
PAN No.: |
ABHPM8210A |
|
DIN No.: |
00522393 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev |
|
Designation : |
Production Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Names of Shareholders |
No. of Shares |
% age |
|
|
|
|
|
Naresh Kumar Mittal |
7347800 |
91.85 |
|
Sanjay Mittal |
100 |
0.00 |
|
Deepika Mittal |
651700 |
8.15 |
|
Prveen Mittal |
100 |
0.00 |
|
Kamal Mittal |
100 |
0.00 |
|
Kirti Mittal |
100 |
0.00 |
|
Babita Mittal |
100 |
0.00 |
|
Total |
8000000 |
100.00 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of monafilament yarn,
kite flying yarn, breaches etc. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
· Europe · US · Africa · Australia |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Materials |
||||
|
Countries : |
· China · Japan · UK · Korea |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
||||||||||||||||
|
|
|
||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||
|
|
|
||||||||||||||||
|
Bankers : |
·
Punjab
National Bank Yamuna Nagar Branch, India · HDFC Bank, Delhi, India · State Bank of India Okhla Industrial Estate, New Delhi - 110020, India |
||||||||||||||||
|
|
|
||||||||||||||||
|
Facilities : |
(Rs. In Millions
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
VSVG and Company Chartered Accountant |
|
Address : |
4 0 1 , C A Chambers, 18/12, WEA, Karol
Bagh, New Delhi - 110005, India |
|
PAN No.: |
AAJFV4403D |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
80.000 |
|
(b) Reserves & Surplus |
|
|
108.237 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
188.237 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
114.313 |
|
(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) |
|
|
114.313 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
0.000 |
|
(b) Trade
payables |
|
|
0.366 |
|
(c) Other
current liabilities |
|
|
8.952 |
|
(d) Short-term
provisions |
|
|
1.662 |
|
Total Current
Liabilities (4) |
|
|
10.980 |
|
|
|
|
|
|
TOTAL |
|
|
313.530 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
|
|
222.042 |
|
(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 |
|
|
11.738 |
|
(e) Other
Non-current assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
233.780 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
62.295 |
|
(c) Trade
receivables |
|
|
3.068 |
|
(d) Cash
and cash equivalents |
|
|
4.652 |
|
(e)
Short-term loans and advances |
|
|
7.131 |
|
(f) Other
current assets |
|
|
2.604 |
|
Total
Current Assets |
|
|
79.750 |
|
|
|
|
|
|
TOTAL |
|
|
313.530 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
80.000 |
80.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
102.060 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
(34.489) |
|
|
NETWORTH |
|
182.060 |
45.511 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
19.297 |
0.000 |
|
|
2] Unsecured Loans |
|
94.783 |
59.319 |
|
|
TOTAL BORROWING |
|
114.080 |
59.319 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
296.140 |
104.830 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
229.771 |
103.265 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
73.145
|
11.146 |
|
|
Sundry Debtors |
|
4.929
|
1.319 |
|
|
Cash & Bank Balances |
|
2.137
|
1.162 |
|
|
Other Current Assets |
|
1.354
|
0.957 |
|
|
Loans & Advances |
|
0.641
|
0.592 |
|
Total
Current Assets |
|
82.206
|
15.176 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
3.144
|
0.130 |
|
|
Other Current Liabilities |
|
11.945
|
13.060 |
|
|
Provisions |
|
0.748
|
0.421 |
|
Total
Current Liabilities |
|
15.837
|
13.611 |
|
|
Net Current Assets |
|
66.369
|
1.565 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
296.140 |
104.830 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
254.496 |
231.614 |
101.607 |
|
|
|
Other Income |
1.943 |
0.072 |
0.119 |
|
|
|
TOTAL |
256.439 |
231.686 |
101.726 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
185.315 |
211.935 |
88.343 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
5.992 |
(21.273) |
3.350 |
|
|
|
Employee benefit expense |
9.727 |
4.538 |
3.165 |
|
|
|
Other expenses |
29.168 |
19.931 |
10.611 |
|
|
|
Exceptional Items |
0.000 |
0.000 |
(27.429) |
|
|
|
TOTAL |
230.202 |
215.131 |
78.040 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
26.237 |
16.555 |
23.686 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.754 |
0.972 |
4.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.483 |
15.583 |
19.631 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.208 |
8.678 |
7.889 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
7.275 |
6.905 |
11.742 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
7.275 |
6.905 |
11.742 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
(46.231) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
(34.489) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
2.297 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials, Consumables, Stores & Spares |
NA |
NA |
0.000 |
|
|
TOTAL IMPORTS |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.91 |
0.86 |
1.47 |
|
Expected Sales (2013-2014) : Rs.280.000 Millions
The above information has been parted by Mr. Sanjeev (Production
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.98
|
11.54 |
15.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.98
|
11.56 |
15.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.21
|
9.91 |
7.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.26 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.63
|
1.30 |
2.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.19
|
1.11 |
1.62 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
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 |
101.607 |
231.614 |
254.496 |
|
|
|
127.951 |
9.879 |
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 |
101.607 |
231.614 |
254.496 |
|
Profit |
11.742 |
6.905 |
7.275 |
|
|
11.56% |
2.98% |
2.86% |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
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 |
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 |
No |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
BACKGROUND
Subject was incorporated on 30th May 2001 and certificate for commencement of business was obtained on 7th June 2001. The company is engaged in manufacturing of monafilament yarn, kite flying yarn, breaches etc.
UNSECURED LOANS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
|
Loans and advances from directors |
94.783 |
|
|
|
|
Total |
94.783 |
CONTINGENT
LIABILITIES NOT ACKNOWLEDGED AS DEBT
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Letter of Credit Outstanding |
0.000 |
0.000 |
|
Bank Guarantees |
0.927 |
0.927 |
FIXED ASSETS:
· Land
· Building
· Factory
· Plant and Equipment
· Furniture and Fixtures
· 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.62.16 |
|
|
1 |
Rs.103.44 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--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.