|
Report Date : |
21.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHIRDI INDUSTRIES LIMITED (w.e.f. 12.06.1997) |
|
|
|
|
Formerly Known
As : |
SHIRDI INDUSTRIES PRIVATE LIMITED (w.e.f. 09.05.1997) SHIRDI INTERNATIONAL ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
'A' Wing, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
30.06.2013 |
|
|
|
|
Date of
Incorporation : |
15.12.1993 |
|
|
|
|
Com. Reg. No.: |
11-075613 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.173.070
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1993PLC075613 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS26935G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS9402N |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Plain and Pre-laminated Particle Boards, Plain and
Pre-laminated MDF Boards, Decorative Laminates, Laminated Floorings, Doors
and Door Skins, Furniture and Furniture Components. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 2539000 |
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|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. There appears losses recorded by the company from its operational
activities during the year 2013. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. Note: The company has changed its financial year from 12 months (April 2011
to March 2012) to 15 months (April 2012 to June 2013). |
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 |
CRISIL |
|
Rating |
Long Term Rating: B+ (Suspended) |
|
Rating Explanation |
Risk prone credit quality and high risk of default. |
|
Date |
November 19, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A4 (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very low credit risk. |
|
Date |
November 19, 2013 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 DECLINED
Management non-cooperative
(Tel. No.: 91-22-24318550)
LOCATIONS
|
Registered Office/ Head Office : |
'A' Wing, Mhatre Pen Building, 2nd Floor, Senapati Bapat
Marg, Dadar (West), Mumbai – 400 028, Maharashtra, India |
|
Tel. No.: |
91-22-24318550 |
|
Fax No.: |
91-22-24372200 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Central Marketing Office : |
18, Prime Centre, 2nd Floor, S.V. Road, Santacruz (West),
Mumbai – 400 054, Maharashtra, India |
|
Tel. No.: |
91-22-67101111/ 67101133 |
|
Fax No.: |
91-22-67101122 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Plot No.1, Sector 9, IIE, Sidcul, Pant Nagar, District U.S. Nagar,
Uttarakhand, India |
|
|
|
|
Factory 2 : |
Bhawanpur, District - Haridwar, Uttarakhand, India |
|
|
|
|
Factory 3 : |
SF No.170/2, Annur, District - Coimbatore, Tamilnadu, India |
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|
|
|
Factory 4 : |
JSR Complex, E2/1, Bhiwandi, District - Thane, Maharashtra, India |
|
|
|
|
Factory 5 : |
Elavoore, Gummidipoondi Taluka, District - Thiruvallur, Tamilnadu, India
(Under Implementation) |
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|
|
|
Branch Office : |
Located at: · Ahmedabad · Bangalore · Bhubaneshwar · Chandigarh · Chennai · Hyderabad · Indore · Kolkata · Lucknow · Mumbai · Nagpur · New Delhi · Pune · Uttaranchal |
DIRECTORS
AS ON 12.08.2013
|
Name : |
Mr. Rakeshkumar Hariram Agarwal |
|
Designation : |
Managing Director |
|
Address : |
Plot No.326, Matrusmruti, New Linking Road, Khar (West), Mumbai – 400
052, Maharashtra, India |
|
Date of Birth/Age : |
10.06.1963 |
|
Qualification : |
BE in Mechanical
Engineering |
|
Date of Appointment : |
01/04/2013 |
|
DIN No.: |
00244328 |
|
PAN No.: |
ABMPA2307H |
|
|
|
|
Name : |
Mr. Sarvesh Hariram Agarwal |
|
Designation : |
Whole Time Director |
|
Address : |
Plot No.326, Matrusmruti, New Linking Road, Khar (West), Mumbai – 400
052, Maharashtra, India |
|
Date of Birth/Age : |
30.05.1976 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01/04/2013 |
|
DIN No. : |
00244881 |
|
PAN No.: |
ADXPA6737E |
|
|
|
|
Name : |
Kamalakanta Radhamohan Mishra |
|
Designation : |
Additional Director |
|
Address : |
LIC Colony, Bhanjanagar, District Ganjam – 761 126, Orissa, India |
|
Date of Birth/Age : |
02.07.1962 |
|
Date of Appointment : |
22.11.2013 |
|
DIN No.: |
06741019 |
|
|
|
|
Name : |
Mr. Hiren Chandrakant Oza |
|
Designation : |
Additional Director |
|
Address : |
Flat No.3, Ground Floor, Shanti Niketan, Kashinath Dhuru Road, Dadar
(West), Mumbai – 400 028, Maharashtra, India
|
|
Date of Birth/Age : |
24.11.1956 |
|
Date of Appointment : |
16.10.2013 |
|
DIN No.: |
02755261 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 12.08.2013
|
Names of Shareholders |
No. of Shares |
|
Rakesh Hariram Agrawal |
100000 |
|
Anita Mukesh Bansal |
558800 |
|
Rukamani Hariram Agarwal |
606450 |
|
Mukesh Bansal |
100000 |
|
Anu Agarwal |
734630 |
|
Sarvesh Hariram Agarwal |
100000 |
|
Sajal Finance and Investment Private Limited, India |
725000 |
|
Rachana Finance and Investment Private Limited, India |
965000 |
|
Manhar Properties Private Limited, India |
49000 |
|
Pratibha Finance and Investment Private Limited, India |
185000 |
|
Dytel Finance and Investment Private Limited, India |
180000 |
|
Hariram Agarwal |
100000 |
|
Asha Sarvesh Agarwal |
869970 |
|
Asis Industries Limited, India |
8290000 |
|
Labh Capital Services Private Limited, India |
1323600 |
|
Ameet Bansal |
596845 |
|
Sumit Bansal |
596845 |
|
Gaurav Agarwal |
612720 |
|
Saurav Agarwal |
612720 |
|
Total
|
17306580 |
AS ON 12.08.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
67.71 |
|
Directors
or relatives of directors |
|
32.29 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plain and Pre-laminated Particle Boards, Plain and
Pre-laminated MDF Boards, Decorative Laminates, Laminated Floorings, Doors and
Door Skins, Furniture and Furniture Components. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011):
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Plain and Pre-laminated Boards* |
SqM |
50881000 |
19082357 |
8490795 |
|
Decorative Laminates |
SqM |
18800000 |
11528789 |
5116551 |
|
Furniture
(including flooring, furniture components, Door, Door Skins and others) |
|
-- |
13647419 |
-- |
Note:
* The capacity
includes 10171690 SQ MET of pre-lamination also, for which plain boards
manufactured by the Company are also used for captive consumption.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
· Union Bank of India - Lead Bank of UBI Bank Consortium, Industrial Finance Branch, 66/80, Mumbai Samachar Marg, Fort, Mumbai – 400 023, Maharashtra, India · Dena Bank, 43/1/1, Gaba Complex, Kashipur Road, Rudrapur, Udham Singh Nagar – 263 153, Uttarakhand, India UCO Bank, 359,
D.N. Road, Mumbai – 400 001, Maharashtra, India · Bank of India · Indian Bank · Standard Chartered Bank · State Bank of India, SME Backbay Reclamation Branch, Mittal Court, B Wing, Nariman Point, Mumbai – 400 021, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Haribhakti and
Company Chartered Accountants |
|
Address : |
202, Shreeji
Palace, Near Jalaram Mandir, Dombivli (East), Thane District – 421 201, Maharashtra, India |
|
PAN No.: |
AAAFH2010F |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
·
Asis Industries Limited, India ·
Labh Capital Services Private Limited, India ·
Poona Pearls Biotek Limited, India ·
Asis Plywood Private Limited, India ·
Asis Global Limited, India ·
Asis Logistics Limited, India |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30000000 |
Equity Shares |
Rs.10/- each |
Rs.300.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
17306580 |
Equity Shares |
Rs.10/- each |
Rs.173.070
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
01.04.2012 to
30.06.2013 (15 Months) |
01.04.2011 to
31.03.2012 (12 Months) |
01.04.2010 to
31.03.2011 (12 Months) |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
173.070 |
173.070 |
173.070 |
|
(b) Reserves & Surplus |
461.770 |
2758.750 |
2510.690 |
|
(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) |
634.840 |
2931.820 |
2683.760 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
1019.560 |
946.020 |
1139.010 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
73.610 |
83.800 |
|
(c) Other long
term liabilities |
22.060 |
86.750 |
0.000 |
|
(d) Long-term
provisions |
20.910 |
15.580 |
14.100 |
|
Total Non-current
Liabilities (3) |
1062.530 |
1121.960 |
1236.910 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2375.020 |
1969.750 |
1597.110 |
|
(b)
Trade payables |
522.560 |
349.480 |
444.580 |
|
(c)
Other current liabilities |
290.210 |
212.950 |
188.190 |
|
(d) Short-term
provisions |
1.740 |
77.260 |
87.500 |
|
Total Current
Liabilities (4) |
3189.530 |
2609.440 |
2317.380 |
|
|
|
|
|
|
TOTAL |
4886.900 |
6663.220 |
6238.050 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2254.480 |
3443.050 |
3076.560 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
47.040 |
|
(iv) Intangible assets under development or
work-in-progress |
9.360 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
50.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
161.670 |
208.300 |
26.530 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
2425.510 |
3701.350 |
3150.130 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
711.260 |
1387.020 |
1240.190 |
|
(c)
Trade receivables |
1440.940 |
1187.040 |
1134.600 |
|
(d) Cash
and cash equivalents |
23.090 |
44.290 |
82.280 |
|
(e)
Short-term loans and advances |
286.100 |
298.120 |
596.130 |
|
(f)
Other current assets |
0.000 |
45.400 |
34.720 |
|
Total
Current Assets |
2461.390 |
2961.870 |
3087.920 |
|
|
|
|
|
|
TOTAL |
4886.900 |
6663.220 |
6238.050 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
01.04.2012 to
30.06.2013 (15 Months) |
01.04.2011 to
31.03.2012 (12 Months) |
01.04.2010 to
31.03.2011 (12 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
5004.980 |
4639.450 |
4118.200 |
|
|
|
Other Income |
3.000 |
52.350 |
36.030 |
|
|
|
TOTAL (A) |
5007.980 |
4691.800 |
4154.230 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1817.270 |
1313.980 |
1266.820 |
|
|
|
Purchases of stock-in-trade |
2480.550 |
1731.200 |
1788.750 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
224.730 |
87.620 |
(415.110) |
|
|
|
Employee benefit expense |
185.060 |
129.400 |
121.110 |
|
|
|
Other expenses |
547.240 |
545.310 |
508.510 |
|
|
|
Exceptional items |
88.010 |
12.140 |
0.000 |
|
|
|
TOTAL (B) |
5342.860 |
3819.650 |
3270.080 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(334.880) |
872.150 |
884.150 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
564.570 |
384.030 |
303.080 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(899.450) |
488.120 |
581.070 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
201.280 |
207.080 |
198.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(1100.730) |
281.040 |
382.730 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(58.930) |
14.810 |
50.260 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(1041.800) |
266.230 |
332.470 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of sales |
47.190 |
59.900 |
199.160 |
|
|
TOTAL EARNINGS |
47.190 |
59.900 |
199.160 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
248.375 |
|
|
|
Finished Goods |
NA |
NA |
41.780 |
|
|
|
Capital Goods |
NA |
NA |
42.363 |
|
|
TOTAL IMPORTS |
NA |
NA |
332.518 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
|
|
|
|
|
|
- Basic |
(60.20) |
15.38 |
19.21 |
|
|
|
- Diluted |
(60.20) |
15.38 |
19.21 |
|
KEY RATIOS
|
PARTICULARS |
|
01.04.2012 to
30.06.2013 (15 Months) |
01.04.2011 to
31.03.2012 (12 Months) |
01.04.2010 to
31.03.2011 (12 Months) |
|
PAT / Total Income |
(%) |
(20.80)
|
5.67 |
8.00
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(21.99)
|
6.06 |
9.29
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(22.57)
|
4.25 |
6.18
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.73)
|
0.10 |
0.14
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.35
|
0.99 |
1.02
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.77
|
1.14 |
1.33
|
LOCAL AGENCY FURTHER INFORMATION
Details of Current
maturities of long-term debt:
|
Particulars |
30.06.2013 (Rs.
in millions) |
31.03.2012 (Rs.
in millions) |
31.03.2011 (Rs.
in millions) |
|
Current maturities of long-term debt |
223.690 |
193.940 |
152.850 |
|
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
30.06.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from directors |
64.260 |
49.810 |
|
Loans and advances from others |
0.000 |
16.450 |
|
SHORT-TERM BORROWINGS |
|
|
|
Other loans and advances |
133.470 |
240.230 |
|
Total
|
197.730 |
306.490 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/ Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10422278 |
30/03/2013 |
19,000,000.00 |
UCO BANK |
359, D N ROAD,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B73900698 |
|
2 |
10416410 |
13/02/2013 |
130,000,000.00 |
STATE BANK OF
INDIA |
SME BACKBAY
RECLMATION BRANCH, MITTAL COURT, B WING, NARIMAN POINT, MUMBAI, MAHARASHTRA -
400021, INDIA |
B72199516 |
|
3 |
10409662 |
30/10/2013 * |
72,000,000.00 |
EDELWEISS ASSET RECONSTRUCTION
COMPANY LIMITED |
EDELWEISS HOUSE,
OFF. C.S.T ROAD, KALINA, MUMBAI, MAHARASHTRA - 400098, INDIA |
B90454331 |
|
4 |
10386319 |
01/11/2012 |
105,500,000.00 |
UNION BANK OF
INDIA |
INDUSTRIAL FINANCE
BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
B62036959 |
|
5 |
10386314 |
01/11/2012 |
200,000,000.00 |
UNION BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
B62036272 |
|
6 |
10362165 |
16/06/2012 |
50,000,000.00 |
UNION BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA -
400023, INDIA |
B42250225 |
|
7 |
10352715 |
13/04/2012 |
40,000,000.00 |
DENA BANK |
43/1/1, GABA
COMPLEX, KASHIPUR ROAD, RUDRAPUR, UDHAM SINGH NAGAR, UTTARAKHAND - 263153,
INDIA |
B38597621 |
|
8 |
10349842 |
21/09/2011 |
21,000,000.00 |
STATE BANK OF
INDIA |
SME BACKBAY RECLAMATION
BRANCH, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B29640588 |
|
9 |
10241603 |
31/08/2010 |
50,000,000.00 |
UNION BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH,, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA -
400023, INDIA |
A94863586 |
|
10 |
10182805 |
09/09/2009 |
15,000,000.00 |
UNION BANK OF
INDIA |
CIVIL LINES
BRANCH, RUDRAPUR, UDHAM SINGH NAGAR, |
A72272370 |
|
11 |
10182803 |
09/09/2009 |
20,000,000.00 |
UNION BANK OF
INDIA |
CIVIL LINES BRANCH,
RUDRAPUR, UDHAM SINGH NAGAR, |
A72271711 |
|
12 |
10164205 |
04/05/2009 |
20,000,000.00 |
INDIAN BANK |
MUMBAI FORT
BRANCH, UNITED INDIA BUILDING, SIR P.M. ROAD, FORT, MUMBAI, MAHARASHTRA -
400001, INDIA |
A64510548 |
|
13 |
10081067 |
02/11/2007 |
50,000,000.00 |
UNION BANK OF
INDIA |
MUMBAI SAMACHAR
MARG BRANCH, 66/80, MUMBAI SAMAC |
A29241304 |
|
14 |
10047095 |
30/10/2013 * |
3,366,600,000.00 |
UNION BANK OF INDIA
- LEAD BANK OF UBI CONSORTIUM |
INDUSTRIAL
FINANCE BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA -
400023, INDIA |
B92539097 |
|
15 |
80015874 |
30/10/2013 * |
3,366,600,000.00 |
UNION BANK OF
INDIA - LEAD BANK OF UBI CONSORTIUM |
INDUSTRIAL
FINANCE BRANCH, 66/80, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA -
400023, INDIA |
B92526508 |
|
16 |
90158368 |
06/04/2004 |
5,000,000.00 |
UNION BANK OF
INDIA |
MUMBAI SAMACHAR MARG
BRANCH, 66/80; MUMBAI SAMACHAR MARG; FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
- |
|
17 |
80015870 |
31/03/1998 |
2,500,000.00 |
UNION BANK OF
INDIA |
FORT, MUMBAI,
MAHARASHTRA - 400023, INDIA |
- |
|
18 |
90156831 |
06/04/2004 * |
2,500,000.00 |
UNION BANK OF
INDIA |
MUMBAI SAMACHAR
MARG BRANCH, 66/80; MUMBAI SAMACHAR MARG; FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
- |
|
19 |
90159701 |
13/03/2004 * |
2,500,000.00 |
UNION BANK OF
INDIA |
MUMBAI SAMACHAR MARG
BRANCH, 66/80; MUMBAI SAMACHAR MARG; FORT, MUMBAI, MAHARASHTRA - 400023,
INDIA |
- |
|
20 |
80015877 |
31/03/1998 |
5,000,000.00 |
UNION BANK OF
INDIA |
FORT, MUMBAI,
MAHARASHTRA - 400023, INDIA |
- |
* Date of charge
modification
NATURE OF OPERATIONS:
The Company is a
manufacturer of Plain and Pre-laminated Particle Boards, Plain and
Pre-laminated MDF Boards, Decorative Laminates, Laminated Floorings, Doors and
Door Skins, Furniture and Furniture Components which are used by corporate and
house hold consumers for interior furnishing.
FIXED ASSETS:
· Land
· Buildings
· Plant and Machinery
· Furniture and Fixtures
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record exists
to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.63 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.