MIRA
INFORM REPORT
|
Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIJAY TANKS AND VESSELS PRIVATE LIMITED (w.e.f.08.09.2011) |
|
|
|
|
Formerly Known
As : |
VIJAY TANKS AND VESSELS LIMITED |
|
|
|
|
Registered
Office : |
B – 504, Vrindavan Apartment, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.09.2004 |
|
|
|
|
Com. Reg. No.: |
11-014340 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.54.641 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29132MH2004PTC014340 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMV01330A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV4048A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Pressure Vessels, Heat Exchangers, Cryogenic
Storage Systems, etc. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6040000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is well-established company having fine track record. There appears dip in the profit of the company during 2013. However,
no external borrowing are recorded by the company. General position of the company is good. Trade relations are fair. Business is active. Payments are reported to
be regular. The company can be considered for 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from January
1 next year, said Rural Development Minister Jairam Ramesh. The Act replaces a
119 year old registration. The Securities and Exchange Board of India has
approved the trading of currency futures on the Bombay Stock Exchange. The
exchange plans to launch the currency futures platform with advanced trading
technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = A |
|
Rating Explanation |
Have adequate degree of safety and carry low
credit risk. |
|
Date |
06.12.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
06.12.2013 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Rajesh Nair |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9727769325 |
|
Date : |
08.01.2014 |
LOCATIONS
|
Registered Office : |
B – 504, Vrindavan Apartment, Link Road, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Tel. No.: |
91-22-25684419 / 25910667 |
|
Mobile No.: |
91-9727769325 (Mr. Rajesh Nair) |
|
Fax No.: |
91-22-25684419 |
|
E-Mail : |
accounts@vijaytanks.com |
|
Website : |
|
|
Area : |
5000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Head Office / Works 1 : |
National Highway No. 8, Sankarda, Vadodara – 391350, Gujarat, India |
|
Tel. No.: |
91-265-2840168/ 2840171/ 2840572 |
|
Fax No.: |
91-265-2840577/ 2841305 |
|
E Mail: |
|
|
Area : |
5,50,000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Kandla Export Works 2 : |
Plot No. 315 to 324, 442-D and 443 E, Kandla Special Economic Zone, Gandhidham-370230,
Gujarat, India |
|
Tel No: |
91-2836-227562 |
|
Fax No.: |
91-2836-227562 |
|
E Mail: |
|
|
Area : |
60,000 Sq. ft |
|
Location : |
Leased |
|
|
|
|
Works 3 : |
State Highway No. 20, Mithoi Lalpur, Khambhalia, Jamnagar - 361305,
Gujarat, India |
|
E Mail: |
|
|
|
|
|
Overseas Office : |
Post Box No. 94439, Abu Dhabi - UAE |
|
Tel. No.: |
971 - (0) 2 - 6454961 |
|
Fax No.: |
971 - (0) 2 - 6454962 |
|
E-Mail : |
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|
|
|
Branch Office : |
Located at: ·
New Delhi ·
Chennai ·
Vadodara |
|
|
|
|
Regional Office: |
Located At: Abu Dhabi |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Ranganathan Raghavan |
|
Designation : |
Chairman and Managing director |
|
Address : |
9, Saraswati Society, Vasana Road, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
26.10.1970 |
|
Qualification : |
B.E. Mechanical |
|
Experience : |
18 Years |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
ABQPR2549J |
|
DIN No.: |
00376645 |
|
|
|
|
Name : |
Mr. Sunderrajan Veeraraghavan |
|
Designation : |
Whole-time director |
|
Address : |
Tarangan Society, Near Geb School Akota, Vadodara - 390007, Gujarat,
India |
|
Date of Birth/Age : |
14.04.1953 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00376765 |
|
|
|
|
Name : |
Mr. Kannan Rajagopalan |
|
Designation : |
Whole-time director |
|
Address : |
3, Yogi Sagar Apartment, Urmi Society Alkapuri, Vadodara - 390007,
Gujarat, India |
|
Date of Birth/Age : |
15.06.1954 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
00376719 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Nair |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS
As on 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Prema Raghavan |
|
650 |
|
Gayatri Rajan |
|
100 |
|
Ranganathan Raghavan |
|
431673 |
|
Padma Raghunathan |
|
28355 |
|
Kausalya Srinivasan |
|
28665 |
|
Rajalakshmi Raghavan |
|
28814 |
|
Vasundara Raghavan |
|
28157 |
|
Total |
|
546414 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Pressure Vessels, Heat Exchangers,
Cryogenic Storage Systems, etc. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
Japan ·
Abu Dhabi |
GENERAL INFORMATION
|
Suppliers : |
LNG |
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Customers : |
Jindal Steel |
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No. of Employees : |
500 (Approximately) |
||||||||||||||||||
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||||||||||||||||||
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Bankers : |
· IDBI Bank, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai – 400005, Maharashtra, India Tel No.: 91-22-22189111/ 66553355 · The Karur Vysya Bank Limited, 13, Sioup Tower, Race Course Circle, Alkapuri, Vadodara – 390007, Gujarat, India · ICICI Bank Limited · State Bank of India · State Bank of Indore · State Bank of Saurashtra · EXIM Bank · Standard Chartered Bank, 90, M.G. Road, Fort, Mumbai – 400001, Maharashtra, India · Dena Bank ·
HDFC Bank Limited ·
Standard
Chartered Bank, Abhijeet II Ground Floor, Near Mithakali Six Roads, Ahmedabad
– 380006, Gujarat, India |
||||||||||||||||||
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|
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Sharp and Tannan Associates Chartered Accountants |
|
Address : |
87, Nariman
Bhavan, 227, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-61537500/22022224/8857 |
|
Fax No.: |
91-22-22023856 |
|
E-Mail : |
|
|
PAN No.: |
AAAFS1034J |
|
|
|
|
Associates Company : |
Petro-Chem Steel Fabricators Private Limited CIN No.: U28100MH1964PTC012845 |
CAPITAL STRUCTURE
As on 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
690000 |
Equity Shares |
Rs.100/- each |
Rs.69.000 Millions |
|
10000 |
Preference Shares |
Rs.100/- each |
Rs.1.000 Million |
|
|
Total |
|
Rs.70.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
546414 |
Equity Shares |
Rs.100/- each |
Rs.54.641 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 |
54.641 |
54.641 |
54.641 |
|
(b) Reserves & Surplus |
1457.190 |
1309.223 |
1144.896 |
|
(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) |
1511.831 |
1363.864 |
1199.537 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
3.128 |
42.287 |
|
(b) Deferred tax liabilities (Net) |
50.824 |
43.371 |
42.459 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
7.402 |
2.998 |
1.817 |
|
Total Non-current Liabilities (3) |
58.226 |
49.497 |
86.563 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
9.409 |
0.000 |
|
(b) Trade payables |
465.732 |
189.643 |
506.711 |
|
(c) Other current
liabilities |
861.374 |
691.209 |
838.846 |
|
(d) Short-term provisions |
68.701 |
55.646 |
50.803 |
|
Total Current Liabilities (4) |
1395.807 |
945.907 |
1396.360 |
|
|
|
|
|
|
TOTAL |
2965.864 |
2359.268 |
2682.460 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
444.318 |
449.624 |
460.590 |
|
(ii) Intangible Assets |
9.063 |
11.063 |
13.063 |
|
(iii) Capital
work-in-progress |
4.475 |
3.613 |
6.141 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.022 |
0.122 |
0.123 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.051 |
22.620 |
26.739 |
|
(e) Other Non-current assets |
2.803 |
4.004 |
5.720 |
|
Total Non-Current Assets |
475.732 |
491.046 |
512.376 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
214.527 |
115.823 |
241.488 |
|
(c) Trade receivables |
765.167 |
773.179 |
901.788 |
|
(d) Cash and cash
equivalents |
911.492 |
655.073 |
744.463 |
|
(e) Short-term loans and
advances |
184.828 |
168.287 |
157.991 |
|
(f) Other current assets |
414.118 |
155.860 |
124.354 |
|
Total Current Assets |
2490.132 |
1868.222 |
2170.084 |
|
|
|
|
|
|
TOTAL |
2965.864 |
2359.268 |
2682.460 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
3344.925 |
3575.703 |
3502.263 |
|
|
|
|
Other Income |
NA |
31.936 |
32.829 |
|
|
|
|
TOTAL (A) |
NA |
3607.639 |
3535.092 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Manufacturing, Construction and Operating Expenses |
|
2831.260 |
2728.818 |
|
|
|
|
Employee benefit Expenses |
|
361.928 |
373.817 |
|
|
|
|
Sales, Administrative and Other Expenses |
|
52.183 |
48.501 |
|
|
|
|
TOTAL (B) |
NA |
3245.371 |
3151.136 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
307.233 |
362.268 |
383.956 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
6.250 |
9.990 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
NA |
356.018 |
373.966 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
NA |
58.941 |
45.548 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
257.805 |
297.077 |
329.240 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
86.917 |
109.897 |
76.482 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
170.888 |
187.180 |
252.758 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
372.981 |
266.368 |
65.837 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
30.000 |
30.135 |
30.000 |
|
|
|
|
Proposed Dividend and tax thereon |
22.375 |
22.227 |
0.000 |
|
|
|
|
SEZ Re-investment Allowance Reserve |
0.000 |
28.205 |
0.000 |
|
|
|
|
Dividend |
0.000 |
0.000 |
19.125 |
|
|
|
|
Tax on Dividend |
0.000 |
0.000 |
03.102 |
|
|
|
BALANCE CARRIED
TO THE B/S |
491.494 |
372.981 |
266.368 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
619.248 |
733.677 |
380.903 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
403.880 |
475.266 |
NA |
|
|
|
|
Capital Goods |
1.492 |
0.000 |
NA |
|
|
|
TOTAL IMPORTS |
405.372 |
475.266 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
312.74 |
342.56 |
462.58 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
5.19 |
7.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.71 |
8.31 |
9.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.76 |
12.76 |
12.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.22 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.01 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78 |
1.98 |
1.55 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
3.128 |
39.159 |
42.784 |
|
Total |
3.128 |
39.159 |
42.784 |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CORPORATE INFORMATION
Subject was incorporated under the Companies Act, 1956 on August 1, 1969.
To comply with regulatory requirements, the Company was converted from a
“Private Limited” Company to a “deemed Public” Company in 1989. The status was
reverted back to Private Limited Company on September 8, 2011.
The Company is
principally engaged in executing number of turnkey projects involving
construction / manufacturing of large Storage tanks of different configuration,
Pressure Vessels, Process Columns etc for the Refinery, Petrochemical, and
Power etc. These Projects are delivered across the Indian subcontinent, the
Middle East, Africa and Australia.
The Company has shop floor fabrication facility at Vadodara, Central
Stores and Maintenance facility at Jamnagar. It also has SEZ units located at
Kandla and Dahej.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10469094 |
03/01/2014 |
880,000,000.00 |
IDBI Bank Limited |
IDBI Tower, WTC Complex, Cuffe
Parade,, Mumbai, Maharashtra - 400005, INDIA |
B93100196 |
|
2 |
10463408 |
27/11/2013 |
755,000,000.00 |
ICICI Bank Limited |
Land Mark Race Course Circle,
Alkapuri, Vadodara, Gujarat - 390007, INDIA |
B90809310 |
|
3 |
10373568 |
10/08/2012 |
285,000,000.00 |
Standard Chartered Bank |
Abhijeet II Ground Floor, Near
Mithakali Six Roads, Ahmedabad, Gujarat - 380006, INDIA |
B56841448 |
|
4 |
10344443 |
07/03/2012 |
880,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, Gujarat - 390015, INDIA |
B35866870 |
|
5 |
10255182 |
25/11/2010 |
575,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE CIRCLE,
ALKAPURI, BARODA, Gujarat - 390015, INDIA |
A99304776 |
|
6 |
10249703 |
17/05/2012 * |
1,150,000,000.00 |
IDBI Bank Limited |
IDBI Tower, WTC Complex, Cuffe
Parade,, Mumbai, Maharashtra - 400005, INDIA |
B40557001 |
|
7 |
10135542 |
19/11/2010 * |
145,200,000.00 |
The Karur Vysya Bank Limited. |
13, Sidcup Towers,, Race Course
Circle, Alkapuri, Vadodara, Gujarat - 390007, INDIA |
A99765927 |
|
8 |
90229311 |
06/09/2010 * |
1,745,000,000.00 |
State Bank of India |
Gresham House, Sir P M Road,,
Fort,, Mumbai, Maharashtra - 400001, INDIA |
A94197811 |
|
1 |
10469094 |
03/01/2014 |
880,000,000.00 |
IDBI Bank Limited |
IDBI Tower, WTC Complex, Cuffe
Parade,, Mumbai, Maharashtra - 400005, INDIA |
B93100196 |
|
2 |
10463408 |
27/11/2013 |
755,000,000.00 |
ICICI Bank Limited |
Land Mark Race Course Circle, Alkapuri,
Vadodara, |
B90809310 |
*Date of modification Charges
TRADE REFERENCES:
·
LNG
·
Jindal Steel
FIXED ASSETS:
· Land
· Factory Shed
· Office Building
· Plant and Machinery
· Electrical Installation
· Furniture and Fixtures
· Office Equipment’s
· Vehicles
·
Computer
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.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
52 |
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.