MIRA
INFORM REPORT
|
Report Date : |
20.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
M. K. WOOD INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
74/20, Amar Colony, Main Rohtak Road, Nangloi, New Delhi – 110041,
Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.07.1998 |
|
|
|
|
Com. Reg. No.: |
55-095010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.603 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20219DL1998PTC095010 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELM05405B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM9651J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Timber and Plywood. |
|
|
|
|
No. of Employees
: |
110 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 500000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit = BB- |
|
Rating Explanation |
Have Moderate risk of default |
|
Date |
November, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Letter of Credit = A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
November, 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. Amit Kumar Agarwal |
|
Designation : |
Market Department. |
|
Contact No.: |
91-9899778636 |
|
Date : |
13.01.2014 |
LOCATIONS
|
Registered Office : |
74/20, Amar Colony, Main Rohtak Road, New Delhi - 110041, India |
|
Tel. No.: |
91-11-25281917 / 25473073 / 65492567/ 25473279 / 25945415 |
|
Mobile No.: |
91-9810016712 (Mr. Sunil Kumar Gupta) |
|
Fax No.: |
91-11-25473080 / 25945266 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 yard |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
3/819 Navjivan Commercial Co Operative Society Limited, Lamington
Road, Mumbai - 400008, Maharashtra, India |
|
Tel. No.: |
91-22-23054746 / 23095453 |
|
Fax No.: |
91-22-23052076 |
|
|
|
|
Factory : |
564/65, National Highway-8, Mikyrahar Road, Gandhigram, Gujarat, India
|
|
Location : |
Owned |
|
|
|
|
Branch Office 1 : |
Timber Market, Rajpura Town - 140401, Punjab, India |
|
|
|
|
Branch Office 2 : |
Plot No. 489, No. 8A, Mithi Ronar Road, Gandhidham, Gujarat, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Radhey Shyam Gupta |
|
Designation : |
Additional director |
|
Address : |
M-256, Guru Harikishan Nagar, Paschim Vihar, New Delhi - 110041, India
|
|
Date of Birth/Age : |
41 Years |
|
Qualification : |
H.S.C. |
|
Date of Appointment : |
01.07.2004 |
|
DIN No.: |
00312993 |
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
Name : |
Mr. Dwarka Prasad Gupta |
|
Designation : |
Director |
|
Address : |
M-434, Guru Harikishan Nagar, Paschim Vihar, New Delhi - 110041, India
|
|
Date of Birth/Age : |
55 Years |
|
Qualification : |
H.S.C. |
|
Date of Appointment : |
01.11.2005 |
|
DIN No.: |
00308082 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U20200MH1997PTC112647 |
M K LUMBERS
PRIVATE LIMITED |
Director |
30/10/1998 |
30/10/1998 |
- |
Active |
NO |
|
2 |
U20219DL1998PTC095010 |
M.K. WOOD INDIA
PRIVATE LIMITED. |
Director |
01/11/2005 |
01/11/2005 |
- |
Active |
NO |
|
Name : |
Mr. Sunil Kumar Gupta |
|
Designation : |
Director |
|
Address : |
M-434, Guru Harikishan Nagar, Paschim Vihar, New Delhi - 110041, India
|
|
Date of Birth/Age : |
35 Years |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.07.1998 |
|
DIN No.: |
00328429 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909WB1995PTC070472 |
SRISARAN
SUPPLIERS PVT LTD |
Additional
director |
22/07/1997 |
22/07/1997 |
- |
Not Available
for eFiling |
NO |
|
2 |
U67120MH1996PTC104793 |
ABLAZE
INVESTRADE PRIVATE LIMITED |
Director |
22/07/1997 |
22/07/1997 |
- |
Active |
NO |
|
3 |
U20219DL1998PTC095010 |
M.K. WOOD INDIA
PRIVATE LIMITED. |
Director |
15/07/1998 |
15/07/1998 |
- |
Active |
NO |
|
4 |
U51397MH2001PTC132883 |
Srisaran
Suppliers Private Limited |
Director |
26/07/2001 |
26/07/2001 |
- |
Active |
NO |
|
5 |
U20232MH2008PTC177288 |
M. K. PLY WOOD
(INDIA) PRIVATE LIMITED |
Director |
03/01/2008 |
03/01/2008 |
- |
Active |
NO |
|
Name : |
Mr. Mahesh Chand Gupta |
|
Designation : |
Director |
|
Address : |
M-434, Guru Harikishan Nagar, Paschim Vihar, New Delhi - 110041, India
|
|
Date of Birth/Age : |
44 Years |
|
Qualification : |
H.S.C |
|
Date of Appointment : |
15.07.1998 |
|
DIN No.: |
00328448 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909WB1995PTC070472 |
SRISARAN
SUPPLIERS PVT LTD |
Director |
05/06/1997 |
05/06/1997 |
- |
Not Available
for eFiling |
NO |
|
2 |
U67120MH1996PTC104793 |
ABLAZE
INVESTRADE PRIVATE LIMITED |
Director |
22/07/1997 |
22/07/1997 |
- |
Active |
NO |
|
3 |
U20219DL1998PTC095010 |
M.K. WOOD INDIA
PRIVATE LIMITED. |
Director |
15/07/1998 |
15/07/1998 |
- |
Active |
NO |
|
4 |
U51397MH2001PTC132883 |
Srisaran
Suppliers Private Limited |
Director |
26/07/2001 |
26/07/2001 |
- |
Active |
NO |
|
5 |
U20232MH2008PTC177288 |
M. K. PLY WOOD (INDIA)
PRIVATE LIMITED |
Director |
03/01/2008 |
03/01/2008 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Amit Kumar Agarwal |
|
Designation : |
Marketing Head |
|
Name : |
Mr. Sanjay Gupta |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Sunil Kumar Gupta |
271000 |
|
Mahesh Chand Gupta |
100800 |
|
Om Prakash Gupta |
105990 |
|
Giriraj Gupta |
102500 |
|
Banarsidevi Gupta |
85500 |
|
Meva Devi Gupta |
75000 |
|
Kiran Devi Gupta |
2500 |
|
Krishna Devi Gupta |
30000 |
|
Radhey Shyam Gupta |
91500 |
|
Meena Devi Gupta |
35000 |
|
Dwarka Prasad Gupta |
25000 |
|
Sirajul A Siddiqui |
40000 |
|
Sanjay Kumar Gupta |
90000 |
|
Ravi Bansal |
29000 |
|
Kamal Kishore Bansal Joint With Amit Agarwal |
100 |
|
Sunil Kumar Bansal Joint With Sandeep Singh
Cheema |
100 |
|
Kavita Bansal Joint With Ansh Gupta |
100 |
|
Omprakash Gupta Joint With Pankaj Kumar
Gupta |
10 |
|
Manju Gupta |
5000 |
|
Hemlata Gupta |
5000 |
|
Ansh Gupta |
5000 |
|
Ramkali Devi Bansal |
100 |
|
Mohit Maheshchand Gupta Jointly with
Maheshchand Gupta |
200 |
|
Srisaran Suppliers M Private Limited, India |
135875 |
|
Ablaze
Investrade Private Limiteed |
125000 |
|
|
|
|
Total |
1360275 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
19.00 |
|
Directors or relatives of Directors |
81.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Timber and Plywood. |
|
|
|
|
Products : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material and Finished Goods |
|
Countries : |
·
Malaysia ·
New Zeland ·
Europen Countries ·
Latin America
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit 30 Days to 60 Days |
|
|
|
|
Purchasing : |
L/C, Cash and Credit 30 Days to 60 Days |
GENERAL INFORMATION
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
110 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Corporation Bank Overseas Branch – M-93,
Connaught Place, New Delhi – 110001, Delhi, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
· Cash / Credit = Rs.125.000 Millions (From Corporation Bank) · Letter of Credit = Rs.700.00 Millions (From Corporation Bank)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. Maheshwari and Company Chartered Accountants |
|
Address : |
302 B, City
Point, Near Kohinoor Hotel, A K Road, Andheri (East), Mumbai - 400059, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHPH9451K |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with key management personnel and their relatives : |
·
Ablaze Investrade Private Limited ·
Goyal Ply-n- Wood Private Limited ·
M. K. Lumbers Private Limited ·
Srisaran Suppliers Private Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Share |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1360275 |
Equity Share |
Rs.10/- each |
Rs.13.603
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 |
13.603 |
13.603 |
12.171 |
|
(b) Reserves & Surplus |
111.365 |
90.231 |
52.505 |
|
(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) |
124.968 |
103.834 |
64.676 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
59.989 |
30.884 |
36.152 |
|
(b) Deferred tax liabilities (Net) |
2.027 |
1.481 |
1.084 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.008 |
0.731 |
0.467 |
|
Total Non-current Liabilities (3) |
63.024 |
33.096 |
37.703 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
243.961 |
209.645 |
128.858 |
|
(b) Trade payables |
361.371 |
440.589 |
236.377 |
|
(c) Other current
liabilities |
18.714 |
23.347 |
21.281 |
|
(d) Short-term provisions |
8.971 |
7.094 |
3.750 |
|
Total Current Liabilities (4) |
633.017 |
680.675 |
390.266 |
|
|
|
|
|
|
TOTAL |
821.009 |
817.605 |
492.645 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
42.736 |
37.964 |
22.035 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.349 |
1.475 |
0.960 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
44.085 |
39.439 |
22.995 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
200.590 |
238.958 |
201.203 |
|
(c) Trade receivables |
447.210 |
305.428 |
209.457 |
|
(d) Cash and cash
equivalents |
94.167 |
200.162 |
50.879 |
|
(e) Short-term loans
and advances |
34.249 |
32.430 |
7.873 |
|
(f) Other current
assets |
0.708 |
1.188 |
0.238 |
|
Total Current Assets |
776.924 |
778.166 |
469.650 |
|
|
|
|
|
|
TOTAL |
821.009 |
817.605 |
492.645 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1671.736 |
1019.397 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2301.492 |
1671.736 |
1019.397 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
2270.312 |
1647.429 |
1002.124 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2270.312 |
1647.429 |
1002.124 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
31.180 |
24.307 |
17.273 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.045 |
8.050 |
7.126 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
21.135 |
16.257 |
10.147 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
49.165 |
32.907 |
22.760 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
70.299 |
49.165 |
32.907 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
C.I.F. Value |
1500.141 |
1142.422 |
653.550 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.10/-) |
15.54 |
11.95 |
8.34 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.92
|
0.97 |
0.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.79
|
2.97 |
3.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.23 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.43
|
2.32 |
2.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23
|
1.14 |
1.20 |
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 |
Yes |
|
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 |
Yes |
UNSECURED LOAN
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans Advances From Others |
59.989 |
30.638 |
|
|
|
|
|
Total |
59.989 |
30.638 |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10436436 |
08/06/2013 |
1,300,000.00 |
CORPORATION BANK OVERSEAS BRANCH |
M-93,CONNAUGHT PLACE, NEW DELHI, Delhi -
110001, I |
B79442166 |
|
2 |
10271277 |
11/02/2011 |
660,000.00 |
CORPORATION BANK OVERSEAS BRANCH |
M-93 CONNAUGHT CIRCUS, NEW DELHI, Delhi -
110001, |
B07476492 |
|
3 |
10268284 |
01/12/2010 |
1,100,000.00 |
CORPORATION BANK OVERSEAS BRANCH |
M-93 CONNAUGHT CIRCUS, NEW DELHI, Delhi - 110001, |
B03051414 |
|
4 |
10136164 |
24/12/2011 * |
825,000,000.00 |
CORPORATION BANK OVERSEAS BRANCH |
M-93,CONNAUGHT PLACE, NEW DELHI, Delhi -
110001, I |
B73860272 |
|
5 |
10089548 |
26/11/2007 |
55,000,000.00 |
Centurion Bank of Punjab Limited |
F-2/4, Rajouri Garden, New Delhi, Delhi -
110027, |
A33215153 |
|
6 |
10105393 |
26/11/2007 |
80,000,000.00 |
Centurion Bank of Punjab Limited |
F-2/4, Rajouri Garden, New Delhi, Delhi -
110027, |
A39594643 |
|
7 |
10089545 |
26/11/2007 |
90,000,000.00 |
Centurion Bank of Punjab Limited |
F-2/4, Rajouri Garden, New Delhi, Delhi -
110027, |
A33214909 |
|
8 |
10051612 |
30/03/2007 |
45,000,000.00 |
CORPORATION BANK |
2, NAJAFGARH ROAD, NANGLOI, NEW DELHI,
Delhi - 11 |
A15447337 |
|
9 |
90035071 |
15/10/2001 * |
12,500,000.00 |
SYNDICATE BANK |
I.P. ESTATE, NEW DELHI, Delhi - 110002,
INDIA |
- |
*Date
of charge modification
FIXED ASSETS:
- Office Premises
- Office
Building
- Factory Shed
- Plant and
Machinery
- Furniture and
Fixture
- Electrical
and Installation
- Office
Equipment
- Computers
- 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.61.35 |
|
|
1 |
Rs.100.21 |
|
Euro |
1 |
Rs.83.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
AKA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.