|
Report Date : |
02.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAHESHWARI LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
239, Panchratna Complex, GIDC, Char Rasta, Vapi – 396195, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.10.2006 |
|
|
|
|
Com. Reg. No.: |
04-049224 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.44.380 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60232GJ2006PTC049224 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM8332N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Supplier of Coal, Coke, Lignite and Kraft Paper. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 980000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Management of the company has not filed its latest financial with the
government department. As per previous year financial (i.e.2012), The company seems normal for
business dealings. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered normal 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.
INDIAN ECONOMIC OVERVIEW
India’s current account
deficit narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan: BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligation, it carry moderate credit risk. |
|
Date |
June, 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. Jagdish Patel |
|
Designation : |
Accountant |
|
Contact No.: |
91-260-2431024 |
|
Date : |
24.07.2013 |
LOCATIONS
|
Registered Office : |
239, Panchratna Complex, GIDC, Char Rasta, Vapi – 396195, Gujarat,
India |
|
Tel. No.: |
91-260-2431024 |
|
Fax No.: |
91-260-2427024 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
3, Rajesh
Appartment, Behind Navgujarat College,
Ashram Road, Ahmedabad – 380014, Gujarat, India |
|
Tel No.: |
91-79-26540790 |
|
Fax No.: |
91-79-27542926 |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Vinay Premnarayan Maheshwari |
|
Designation : |
Whole-time Director |
|
Address : |
Vapi 201, Mahavir Prakash, Mahavir Nagar, National Highway No.8, Vapi
– 396195, Gujarat, India |
|
Date of Birth/Age : |
18.12.1978 |
|
Date of Appointment : |
12.10.2006 |
|
DIN No.: |
01680099 |
|
PAN No.: |
ABWPM0867C |
|
|
|
|
Name : |
Mr. Amit Kailashnarayan Maheshwari |
|
Designation : |
Whole-time Director |
|
Address : |
201, Mahavir Prakash, Mahavir Nagar, National Highway No.8, Vapi –
396195, Gujarat, India |
|
Date of Birth/Age : |
22.05.1976 |
|
Date of Appointment : |
27.11.2007 |
|
DIN No.: |
01680183 |
|
PAN No.: |
ABWPM0868P |
|
|
|
|
Name : |
Mrs. Mukta Maheshwari |
|
Designation : |
Additional Director |
|
Address : |
201, Mahavir Prakash, Mahavir Nagar, National Highway No.8, Vapi –
396195, Gujarat, India |
|
Date of Birth/Age : |
30.04.1973 |
|
Date of Appointment : |
18.05.2012 |
|
DIN No.: |
01726964 |
|
|
|
|
Name : |
Mrs. Mayadevi Krishnaawtar Kabra |
|
Designation : |
Director |
|
Address : |
T 4A, Shantinagar Society, Usmanpura, Ahmedabad – 380013, Gujarat,
India |
|
Date of Birth/Age : |
23.07.1956 |
|
Date of Appointment : |
15.07.2008 |
|
DIN No.: |
02226124 |
|
PAN No.: |
ADIPK7306A |
|
|
|
|
Name : |
Mr. Varun Krishnavtar Kabra |
|
Designation : |
Director |
|
Address : |
T 4A, Shantinagar Society, Usmanpura, Ahmedabad – 380013, Gujarat,
India |
|
Date of Birth/Age : |
09.03.1986 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
02760600 |
|
PAN No.: |
AMLPK1507F |
KEY EXECUTIVES
|
Name : |
Mr. Jagdish Patel |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Neerajkumar P. Maheshwari |
|
200000 |
|
Vinay P. Maheshwari |
|
517500 |
|
Amit K. Maheshwari |
|
480000 |
|
Dineshkumar S. Maheshwari |
|
30000 |
|
Manju A. Maheshwari |
|
37500 |
|
Premnarayan L. Maheshwari |
|
30000 |
|
Radhadevi P. Maheshwari |
|
30000 |
|
Seema D. Maheshwari |
|
30000 |
|
Kailash S. Kabra |
|
125000 |
|
Varun Kabra |
|
550000 |
|
Rachana A. Maheshwari |
|
30000 |
|
Arihant Avenue and Credit Limited |
|
250000 |
|
Maya Texturisers Private Limited |
|
500000 |
|
Mukta N. Maheshwari |
|
1150000 |
|
Mayadcvi Kabra |
|
300000 |
|
Jagannath R. Kabra |
|
100000 |
|
Maheshwari InfoTech Private Limited |
|
78000 |
|
|
|
|
|
Total |
|
4438000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
18.65 |
|
Directors or relatives of directors |
|
81.35 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Supplier of Coal, Coke, Lignite and Kraft Paper. |
|
|
|
|
Imports : |
|
|
Products : |
Coal |
|
Countries : |
· Singapore · Malaysia · Indonesia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Agarwal Coal Corporation ·
Adani Industries |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Wholesalers · Arihant Coke Industries Limited, Gandhidham · Best Paper Mills Limited, Vapi · Damanganga Board Mills Private Limited, Vapi · Gayatrishakti Paper Mills Limited, Vapi · Gujrat NRE Coke Limited, Jamnagar - Gandhidham · Hindustan Zinc Limited, Udaipur · Jaypee Gujarat Cement Plant - Vayor · JSL Limited, Hisar · N. R. Agarwal Group of Industries, Vapi · NSL Limited, Guntoor · Prince Plastic Limited, Mumbai · Rainbow Papers Limited, Ahmedabad · Ruby Macons Limited, Vapi · Shah Group of Industries, Vapi · Shree Cement Limited, Rass · Sona Alloys Limited, Lonanad, Satara · Saurashtra Fuels Limited, Mahashakti Coke, Gandhidham · Tata Metaliks Limited, Redi · Ultratech Cement Limited, Unit Birla White Kharia, Jodhpur · Ultratech Cement Limited, Unit Vikram Cement Neemuch · Ultratech Cement Limited, Unit Aditya Cement Shambhupura · Ultratech Cement Limited, Unit Grasim Cement Kotputli · Ultratech Cement Limited, Unit Gujarat Cement · Ultratech Cement Limited, Unit Narmada Cement |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Mid Corporate Branch, ground Floor, Via House, GIDC, Vapi – 396195, Gujarat, India · Indian Overseas Bank, Kanta Trade Centre, Near GIDC Char Rasta, Vapi – 396195, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kakaria and Associates Chartered Accountants |
|
Address : |
"Kakaria's
Excellenza" Royal Fortune Complex, Daman Road, Chala, Vapi-396191,
Gujarat, India |
|
PAN No.: |
AAHFK2571P |
|
|
|
|
Enterprise
owned by the Key Management Personnel : |
· Mahesh Roadways · Maheshwari Brothers · Maheshwari Coal Corporation · Star Developers · Kailash Associates · Maheshwari Infotech Private Limited · Maya Texturisers Private Limited |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4438000 |
Equity Shares |
Rs.10/- each |
Rs.44.380
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 |
|
44.380 |
2.997 |
|
(b) Reserves & Surplus |
|
200.196 |
146.703 |
|
(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) |
|
244.576 |
149.700 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
82.133 |
127.241 |
|
(b) Deferred tax liabilities (Net) |
|
0.220 |
4.449 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.094 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
82.447 |
131.690 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
270.490 |
176.272 |
|
(b) Trade payables |
|
267.138 |
183.886 |
|
(c) Other current
liabilities |
|
61.909 |
57.889 |
|
(d) Short-term provisions |
|
19.382 |
8.932 |
|
Total Current Liabilities
(4) |
|
618.919 |
426.979 |
|
|
|
|
|
|
TOTAL |
|
945.942 |
708.369 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
137.344 |
171.001 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
26.889 |
10.672 |
|
(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 |
|
1.417 |
1.420 |
|
(e) Other Non-current
assets |
|
2.780 |
1.135 |
|
Total Non-Current Assets |
|
168.430 |
184.228 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
41.864 |
61.709 |
|
(c) Trade receivables |
|
623.817 |
407.265 |
|
(d) Cash and cash
equivalents |
|
80.743 |
29.754 |
|
(e) Short-term loans
and advances |
|
19.175 |
19.314 |
|
(f) Other current
assets |
|
11.913 |
6.099 |
|
Total Current Assets |
|
777.512 |
524.141 |
|
|
|
|
|
|
TOTAL |
|
945.942 |
708.369 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.397 |
|
|
2] Share Application Money |
|
|
10.000 |
|
|
3] Reserves & Surplus |
|
|
105.127 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
117.524 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
217.736 |
|
|
2] Unsecured Loans |
|
|
40.583 |
|
|
TOTAL BORROWING |
|
|
258.319 |
|
|
DEFERRED TAX LIABILITIES |
|
|
3.662 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
379.505 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
139.571 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
20.605 |
|
|
Sundry Debtors |
|
|
266.333 |
|
|
Cash & Bank Balances |
|
|
9.061 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
45.993 |
|
Total
Current Assets |
|
|
341.992 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
66.772 |
|
|
Other Current Liabilities |
|
|
31.619 |
|
|
Provisions |
|
|
3.676 |
|
Total
Current Liabilities |
|
|
102.067 |
|
|
Net Current Assets |
|
|
239.925 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.009 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
379.505 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
3268.354 |
2043.469 |
1072.299 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3245.946 |
2022.237 |
1060.547 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
22.408 |
21.232 |
11.752 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.119 |
9.056 |
4.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
14.289 |
12.176 |
7.698 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.73 |
55.61 |
31.93 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
3550.000 |
Expected Sales (2013-14) : Rs.4000.000 Millions
The above information has been parted by Mr. Jagdish Patel.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.44
|
0.60 |
0.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.44
|
3.04 |
2.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.14 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.44
|
2.03 |
2.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.23 |
3.35 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY OF
LONG TERM BORROWINGS DETAIL:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Current Maturity
of Long Term Borrowings |
59.556 |
57.392 |
NA |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowings |
|
|
|
Loans and advances from others |
33.733 |
28.589 |
|
|
|
|
|
Total |
33.733 |
28.589 |
OPERATIONS
During the year,
the performance of the company is outstanding. The net profit of the company
after taxation has increased to Rs.14.289 Millions as compared to Rs.12.176 Millions
in the previous year. While the turnover of the Company has increased by more
than One billion i.e Rs.3268.354 Millions as compared to Rs.2043.469 Millions
in the previous year. The Directors are striving hard by making more sincere
efforts for better growth and prospects of the Company in future and to yield
better returns for the members of the company.
BUSINESS
ACTIVITIES
The Company is
formed with the main object to do the business of Carriers/transporters, dealing
in Papers, Board, M.G. Craft Paper, Waste Paper, Craft Paper, Writing Papers
and all other Papers and Dealing in Coal and Lignite, etc. etc.
For this purpose
the company has three Divisions Transport Divisions, Trade Division and Coal
division. The Company has carried on transportation business in the name of
Maheshwari Logistics and the business of trading in Coal, Kraft Paper, Lignite
in the name of Maheshwari Trades" and during the year company has started
"Coal Division" for the purpose of trading in coal.
CONTINGENT
LIABILITY
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Bills Discounted |
27.431 |
11.394 |
|
Bank Guarantees |
3.000 |
2.500 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10321412 |
12/11/2012 * |
564,200,000.00 |
STATE BANK OF
INDIA |
MID CORPORATE
BRANCH, VAPI, GUJARAT - 396195, INDIA |
B63697924 |
|
2 |
10319775 |
20/04/2011 |
1,250,000.00 |
STATE BANK OF
INDIA |
SPECIALSED
COMMERCIAL BRANCH, VIA HOUSE, GROUND FLOOR, VIA CHAR RASTA, GIDC, VAPI,
GUJARAT – 396195, INDIA |
B16284671 |
|
3 |
10284199 |
25/08/2011 * |
390,500,000.00 |
STATE BANK OF
INDIA |
MID CORPORATE
BRANCH, GROUND FLOOR VIA HOUSE, G.I D.C., VAPI, GUJARAT - 396195, INDIA |
B32487266 |
|
4 |
10283877 |
12/11/2012 * |
564,200,000.00 |
STATE BANK OF
INDIA |
MID CORPORATE BRANCH,,
GROUND FLOOR VIA HOUSE, G.I.D.C., VAPI, GUJARAT - 396195, INDIA |
B63697098 |
|
5 |
10319774 |
28/02/2011 |
1,100,000.00 |
STATE BANK OF
INDIA |
SPECIALSED
COMMERCIAL BRANCH, VIA HOUSE, GROUND FLOOR, VIA CHAR RASTA, GIDC, VAPI, GUJARAT
- 396195, INDIA |
B17099466 |
|
6 |
10229629 |
02/06/2010 |
90,400,000.00 |
STATE BANK OF
INDIA |
SPECIALISED
COMMERCIAL BRANCH, VAPI, VAPI, GUJARAT - 396195, INDIA |
A90074113 |
|
7 |
10162308 |
01/06/2009 |
100,000,000.00 |
STATE BANK OF
INDIA |
SPECIALISED
COMMERCIAL BRANCH, VAPI, VAPI, GUJARAT - 396195, INDIA |
A63990683 |
|
8 |
10071236 |
27/09/2007 |
12,600,000.00 |
PUNJAB NATIONAL
BANK |
GIDC BRANCH,
VAPI, GUJARAT - 396195, INDIA |
A25056276 |
TRADE REFERENCES
·
Agarwal Coal Corporation
·
Adani Industries
·
Arihant Coke Industries Limited, Gandhidham
FIXED ASSETS:
· Land
· Building
· Factory Equipments
· Plant Equipments
· Furniture and Fixtures
· Vehicles
· Motor 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 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.61.93 |
|
|
1 |
Rs.102.39 |
|
Euro |
1 |
Rs.85.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
HET |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
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 |
|
42 |
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.