1. Summary Information
|
|
|
Country |
|
|
Company Name |
Meenakshi Polymers Private Limited |
Principal Name 1 |
Mrs. Anita Soni |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. Punam Soni |
|
|
|
Registration # |
55-024860 |
|
Street Address |
36, Sabarwal
Market, Sadar Bazar, |
||
|
Established Date |
16.07.1986 |
SIC Code |
-- |
|
Telephone# |
91-124-2373639 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-124-2210432 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Two Wheeler Seat
Assembly |
|
|
# of employees |
600
(Approximately) |
Product Name 2 |
Auto Parts |
|
Paid up capital |
Rs.10,796,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors- 100% |
Banking |
Small Industries Development Bank of |
|
Public Limited Corp. |
No |
Business Period |
28 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
India |
Govind Industries Private Limited |
-- |
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
205,542,000 |
Current Liabilities |
274,271,000 |
|
Inventories |
66,088,000 |
Long-term Liabilities |
197,594,000 |
|
Fixed Assets |
497,758,000 |
Other Liabilities |
49,393,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
521,258,000 |
|
Invest& other Assets |
10,005,000 |
Retained Earnings |
247,339,000 |
|
|
|
Net Worth |
258,135,000 |
|
Total Assets |
779,393,000 |
Total Liab. & Equity |
779,393,000 |
|
Total Assets (Previous Year) |
721,820,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1,727,675,000 |
Net Profit |
29,058,000 |
|
Sales(Previous yr) |
1,576,507,000 |
Net Profit(Prev.yr) |
20,156,000 |
MIRA
INFORM REPORT
|
Report Date : |
02.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEENAKSHI
POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
36, Sabarwal
Market, Sadar Bazar, Delhi – 110006 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.07.1986 |
|
|
|
|
Com. Reg. No.: |
55-024860 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.796 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1986PTC024860 |
|
|
|
|
IEC No.: |
0588133582 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM08349F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM3392G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Two Wheeler Seat Assembly and Auto Parts. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1032000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment terms
are usually correct and as per commitment. The company can be considered normal 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
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.
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. Sandeep Sareen |
|
Designation : |
General Manager Marketing |
|
Contact No.: |
91-9910398587 |
|
Date : |
27.06.2013 |
LOCATIONS
|
Registered Office : |
36, Sabarwal Market, Sadar Bazar, New Delhi – 110006, India |
|
Tel. No.: |
91-124-2373639/ 5031621/ 3211036 / 23675475 |
|
Mobile No.: |
91-9910398587 (Mr. Sandeep Sareen) |
|
Fax No.: |
91-124-2210432 |
|
E-Mail : |
sandeepsareen@meenakshipolymers.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
E-478, Greater Kailash – 2, New Delhi – 110048, India |
|
Tel. No.: |
91-11-29214034 |
|
Fax No.: |
91-11-29217127 |
|
|
|
|
Factory 1 : |
25 K.M, |
|
Tel. No.: |
91-120-2662693/ 2662645/
2662578 |
|
Fax No.: |
91-120-2662652 |
|
|
|
|
Factory 2 : |
Plot No 33, Sector-34,
Gurgaon, |
|
Tel. No.: |
91-124-2373639/ 4031621 |
|
Fax No.: |
91-124-2210423 |
|
|
|
|
Factory 3 : |
Plot No 161, Sector-3,
IMT Manesat, District Gurgaon, |
|
Tel. No.: |
91-124-3211036/ 2290987 |
|
Fax No.: |
91-124-2290987 |
|
|
|
|
Factory 4 : |
Village and P.O:-
Bhorakalan (Binola), District Gurgaon, |
|
Tel. No.: |
91-124-3261338 |
|
|
|
|
Factory 5 : |
Plot No-14, Industrial
Park-11, Village: Salempur Mehdood, Haridwar, |
|
Tel. No.: |
91-1334-235516 |
|
|
|
|
Factory 6 : |
E-126, Bahadrabad
Industrial Area, Haridwar, Uttarakhand, India |
|
Tel. No.: |
91-1334-232178 |
|
|
|
|
Branch Office : |
Located at: ·
Birlova, Maneshwar, ·
Dadri, |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mrs. Anita Soni |
|
Designation : |
Director |
|
Address : |
81, The Mall, Civil Lines, |
|
Date of Birth/Age : |
27.01.1959 |
|
Qualification : |
Graduate |
|
Pan No.: |
AATPS6894D |
|
Date of Appointment : |
01.08.1996 |
|
Din No.: |
01018158 |
|
|
|
|
Name : |
Mr. Sanjeev Soni |
|
Designation : |
Director |
|
Address : |
81, The Mall, Civil Lines, |
|
Date of Birth/Age : |
15.10.1957 |
|
Qualification : |
Graduate |
|
Pan No.: |
ABIPS3100N |
|
Date of Appointment : |
01.06.2006 |
|
Din No.: |
01479177 |
|
|
|
|
Name : |
Mr. Raj Kumar Soni |
|
Designation : |
Director |
|
Address : |
81, The Mall, Civil Lines, |
|
Date of Birth/Age : |
01.03.1926 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
24.01.2007 |
|
Din No.: |
01021864 |
|
|
|
|
Name : |
Mrs. Punam Soni |
|
Designation : |
Director |
|
Address : |
81, The Mall, Civil Lines, |
|
Date of Birth/Age : |
01.01.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.08.1991 |
|
Din No.: |
01018205 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Sareen |
|
Designation : |
General Manager Marketing |
MAJOR SHAREHOLDERS
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anita Soni |
|
13950 |
|
Punam Soni |
|
4645 |
|
Raj Kumar Soni |
|
200 |
|
Sanjeev Soni |
|
76800 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Two
Wheeler Seat Assembly and Auto Parts. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailer and End Users |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
600 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· Small Industries Development Bank of India, SCO-16 and 17, Fortune Chambers, First Floor, Feroze Gandhi Market, Opposite Ludhiana Stock Exchange, Ludhiana – 141 001, Punjab, India · Vijaya Bank, M-53 Market, Greater Kailash Part-II, New Delhi-110 048, India ·
State Bank of India, New Delhi, India ·
HDFC Bank Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nanda and Bhatia Chartered
Accountants |
|
Address : |
Red Cross Bhawan,
The Mall, |
|
Tel. No.: |
91-124-2444948 /
2449986 |
|
PAN.: |
AABFN8498E |
|
|
|
|
Associates : |
·
Govind Industries Private
Limited [U29246PB1991PTC011333] ·
Maya auto Industries ·
Soni Traders |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
107955 |
Equity Shares |
Rs. 100/- each |
Rs.10.795 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.796 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
247.339 |
201.575 |
181.816 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
258.135 |
211.575 |
191.816 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
172.258 |
170.948 |
164.379 |
|
(b) Deferred tax liabilities (Net) |
27.953 |
27.818 |
22.866 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.809 |
1.205 |
1.274 |
|
Total Non-current Liabilities (3) |
202.020 |
199.971 |
188.519 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
25.336 |
35.004 |
2.939 |
|
(b) Trade payables |
259.236 |
254.807 |
218.677 |
|
(c) Other current
liabilities |
21.440 |
10.398 |
21.467 |
|
(d) Short-term provisions |
13.226 |
10.065 |
14.872 |
|
Total Current Liabilities (4) |
319.238 |
310.274 |
257.955 |
|
|
|
|
|
|
TOTAL |
779.393 |
721.820 |
638.290 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
497.758 |
402.550 |
382.462 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.005 |
2.500 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.208 |
1.593 |
1.825 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
511.971 |
406.643 |
384.287 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
66.088 |
78.956 |
68.364 |
|
(c) Trade receivables |
94.430 |
126.358 |
83.591 |
|
(d) Cash and cash
equivalents |
78.915 |
82.455 |
81.440 |
|
(e) Short-term loans and
advances |
12.283 |
23.661 |
10.140 |
|
(f) Other current assets |
15.706 |
3.747 |
10.468 |
|
Total Current Assets |
267.422 |
315.177 |
254.003 |
|
|
|
|
|
|
TOTAL |
779.393 |
721.820 |
638.290 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1727.675 |
1576.507 |
|
|
|
Other Income |
|
7.106 |
5.379 |
|
|
|
TOTAL (A) |
|
1734.781 |
1581.886 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
|
|
1217.458 |
|
|
|
Changes in Inventories of finished goods, stock in process and stock
in trade |
|
|
0.243 |
|
|
|
Employee benefit expenses |
|
|
122.120 |
|
|
|
Other Expenses |
|
|
158.336 |
|
|
|
TOTAL (B) |
|
1675.750 |
1498.157 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
[Including
Financial Expenses] |
83.729 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
31.139 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
59.031 |
52.590 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
22.463 |
21.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
|
36.568 |
31.454 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
7.510 |
11.298 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
29.058 |
20.156 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.000 |
20.156 |
|
|
BALANCE CARRIED
TO THE B/S |
|
29.058 |
20.156 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
269.17 |
201.56 |
|
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales Turnover |
|
|
1183.900 |
|
|
|
Job Work Income |
|
|
|
|
|
|
Miscellaneous Income |
|
|
1.664 |
|
|
|
TOTAL (A) |
|
|
1185.564 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
|
|
|
|
|
|
Manufacturing Expenses |
|
|
|
|
|
|
Establishment |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Selling and Distributors Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
|
1128.522 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)
(C) |
|
|
(Including
Financial Expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
57.042 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
|
17.131 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F)
(G) |
|
|
39.911 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
11.837 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
28.074 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
|
4.802 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
|
30.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
|
2.876 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
280.74 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.68
|
1.27
|
2.37
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.12
|
2.00
|
3.37
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.78
|
4.37
|
6.25
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.15
|
0.21
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.77
|
0.89
|
0.87
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.84
|
1.02
|
0.98
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
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 |
OPERATIONS:
The gross receipts of the company for the year were Rs.172.767 Millions as
compared to Rs.157.362 Millions during the last year.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Term loans from
Banks |
4.983 |
5.336 |
|
Loans and Advances
from related Parties |
18.437 |
41.500 |
|
Short Term Borrowings |
|
|
|
Term loans from
Banks |
0.306 |
0.228 |
|
|
|
|
|
Total |
23.726 |
47.064 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10453093 |
09/10/2013 |
20,000,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
FORTUNE
CHAMBER, SCO 16-17, FIRST FLOOR, OPPOSITE LUDHIANA STOCK EXCHANGE, LUDHIANA -
141001, PUNJAB, INDIA |
B86662160 |
|
2 |
10376186 |
01/09/2012 |
345,000.00 |
VIJAYA
BANK |
GREATER
KAILASH-II BRANCH, GREATER KAILASH, DELHI - 110048, INDIA |
B57981425 |
|
3 |
10350938 |
19/04/2012 |
82,800,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
SCO-16
AND 17, FORTUNE CHAMBERS, FIRST FLOOR,, FEROZE GANDHI MARKET, OPPOSITE
LUDHIANA STOCK EXCHANGE, LUDHIANA - 141001, PUNJAB, INDIA |
B37915782 |
|
4 |
10323633 |
20/12/2011 |
5,500,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
SCO-16
AND 17, FORTUNE CHAMBERS, FIRST FLOOR,, FEROZE GANDHI MARKET, OPPOSITE
LUDHIANA STOCK EXCHANGE, LUDHIANA - 141001, PUNJAB, INDIA |
B28045300 |
|
5 |
10333741 |
14/12/2011 |
546,000.00 |
VIJAYA
BANK |
M-53
MARKET, GREATER KAILASH PART-II, DELHI, DELHI - 110048, INDIA |
B31338254 |
|
6 |
10296293 |
26/05/2011 |
750,000.00 |
VIJAYA
BANK |
GREATER
KAILASH-II, NEW DELHI - 110048, INDIA |
B16543241 |
|
7 |
10295602 |
27/05/2011
* |
55,000,000.00 |
YES
BANK LIMITED |
9TH
FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI
- |
B16791543 |
|
8 |
10274672 |
02/03/2011 |
7,500,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
SCO-16&
17, FIRST FLOOR, FEROZE GANDHI MARKET, OPPOSITE LUDHIANA STOCK EXCHANGE,
LUDHIANA - 141001, PUNJAB, INDIA |
B08866303 |
|
9 |
10220285 |
14/05/2010 |
10,000,000.00 |
SMALL
INDUSTRIES DEVELOPEMNT BANK OF INDIA |
FIRST
FLOOR, SCO 16& 17, FEROZE GANDHI MARKET, OPPOSITE LSE LUDHIANA, LUDHIANA
- 141001, PUNJAB, INDIA |
A85521698 |
|
10 |
10209606 |
11/02/2010 |
5,000,000.00 |
SMALL
INDUSTRIES DEVELOPMENT BANK OF INDIA |
FORTUNE
CHAMBERS, FIRST FLOOR, SCO 16 &17, FEROZE GANDHI MARKET, OPP. LUDHIANA
STOCK EXCHANGE, LUDHIANA- 141001, PUNJAB, INDIA |
A81681272 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant
and Machinery
·
Moulds
·
Tools
and Dies
·
Generator
Set
·
Lab
Equipment
·
Furniture
and Fixture
·
Computers
·
Vehicles
·
Office
Equipments
·
Capital
Work In Progress
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.61.93 |
|
|
1 |
Rs.102.39 |
|
Euro |
1 |
Rs.85.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
48 |
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.