MIRA
INFORM REPORT
|
Report Date : |
04.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
AVIS METAL INDUSTRIES LIMITED (w.e.f.
28.03.2014) |
|
|
|
|
Formerly Known
As : |
AVIS MACHINES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 7, Shankar Trikam
compound, Ashwani Kumar Road, Opposite T.B.
Hospital Navagam, Surat –
395008, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.02.1991 |
|
|
|
|
Com. Reg. No.: |
04-015089 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 33.199 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113GJ1991PTC015089 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTA00260B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA9866E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Metal Powder and Sintered Tungsten
Carbide Product like carbide powder, TC Wear part etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 240000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually carrect
|
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound. Profitability
of the company is fair Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The Company can be considered for business dealings at usual trade
terms and condition. |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual
growth and compared with 4.5 % in the last fiscal year. However, the current
account deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic
product, in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST
Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
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. Pradeep Patel |
|
Designation : |
Marketing Department |
|
Contact No.: |
91-9426168756 |
|
Date : |
28.06.2014 |
|
E-Mail : |
LOCATIONS
|
Registered Office : |
Plot No. 7, Shankar Trikam
compound, Ashwani Kumar Road, Opposite T.B.
Hospital Navagam Surat –
395008, Gujarat,India. |
|
Tel. No.: |
91-261-2551545 / 2540907 |
|
Mobile No.: |
91-9925129275 / 9825121004 / 9426168756 (Mr. Paradeep
Patel) |
|
Fax No.: |
91-261-2555909 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 20.09.2013
|
Name : |
Mr. Shaileshkumar Ambabhai
Mangukiya |
|
Designation : |
Director |
|
Address : |
C 503, Afil Tower, L H Road, Surat – 395006, Gujarat, India |
|
Date of Birth/Age : |
29.05.1978 |
|
Date of Appointment : |
12.01.1998 |
|
DIN No.: |
01839547 |
|
|
|
|
Name : |
Mr. Jivraj Premjibhai
Patel |
|
Designation : |
Director |
|
Address : |
8, Vivekanand Society, Opposite
Fire Station, |
|
Date of Birth/Age : |
02.08.1953 |
|
Date of Appointment : |
02.12.1996 |
|
DIN No.: |
01839574 |
|
|
|
|
Name : |
Mrs. Manisha Narendrabhai
Kukadia |
|
Designation : |
Director |
|
Address : |
C 503, Affil Tower, L H Road, Surat – 395006, Gujarat, India |
|
Date of Birth/Age : |
18.12.1970 |
|
Date of Appointment : |
21.04.2008 |
|
DIN No.: |
02125475 |
|
|
|
|
Name : |
Mrs. Saritaben Jivrajbhai
Patel |
|
Designation : |
Director |
|
Address : |
7, Vivekanand Nagar Society, Katargam Road, |
|
Date of Birth/Age : |
01.06.1963 |
|
Date of Appointment : |
21.04.2008 |
|
DIN No.: |
02125556 |
|
|
|
|
Name : |
Mr. Archish Vinod
Patel |
|
Designation : |
Director |
|
Address : |
25, Shraddha Society, |
|
Date of Birth/Age : |
18.06.1984 |
|
Date of Appointment : |
21.04.2008 |
|
DIN No.: |
02125597 |
KEY EXECUTIVES
|
Name : |
Mr Pradeep |
|
Designation : |
Marketing Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vinodrai Manjibjai Patel |
|
94225 |
|
Vitthalbhai Vashrambhai Dhamelia |
|
40100 |
|
Shamjibhai Vashrambhai Dhamelia |
|
11000 |
|
Shailesh Ambabhai Mangukia |
|
163150 |
|
Jivrajbhai Premjibhai
Patel |
|
153600 |
|
Narendrabhai Manjibhai Kukadia |
|
366093 |
|
Kanubhai Arjanbhai Domadia |
|
41000 |
|
Dhirubhai Arjanbhai Domadia |
|
62000 |
|
Ghanshyambhai Ramjibhai Bunha |
|
101750 |
|
Arunaben Ashokbhai Mangukia |
|
73525 |
|
Ashokbhai A. Mangukia |
|
160475 |
|
Kantibhai Ramjibhai Bunha |
|
32850 |
|
Nathubhai Ramjibhai Bunha |
|
15000 |
|
Ambabhai Kanjibhai Mangukai (HUF) |
|
58950 |
|
Ghanshyambhai Ramjibhai Bunha (HUF) |
|
30000 |
|
Kantaben Vitthalbhai Dhamelia |
|
16100 |
|
Geetaben Shaileshbhai Mangukia |
|
79482 |
|
Manishaben Narendrabhai Kukadia |
|
113750 |
|
Rasilaben kantibhai Bunha |
|
25000 |
|
Hiteshbhai Dhirubhai Domadia |
|
41000 |
|
Ishwarbhai Muljibhai Domadia |
|
478500 |
|
Sangeetaben Deepakbhai Domadia |
|
40000 |
|
Dalsukhbhai Premjibhai Ambalia |
|
20000 |
|
Pragnaben B Brahmbhatt |
|
25000 |
|
Archis Vinodrai Patel |
|
98500 |
|
Shardaben Ghanshyambhai Bunha |
|
78625 |
|
Ramjibhai Mohanbhai Bunha |
|
49870 |
|
Saritaben Jivrajbhai
Patel |
|
70900 |
|
Savjibhai Vashrambhai
Patel |
|
255000 |
|
Bhupat Manjibhai Dhamelia |
|
55000 |
|
Hiteshbhai Dhirubhai Domadia HUF |
|
35000 |
|
Kokilaben Nathubhai Bunha |
|
22000 |
|
Dhruvil Jivrajbhai
Patel |
|
87500 |
|
Manubhai Purshottambhai Sutaria |
|
10000 |
|
Gunjanben M Patel |
|
6000 |
|
Shelaliben Kirtikumar Meghani |
|
10000 |
|
Dharmesh Viththalbhai Dhamelia |
|
5000 |
|
Total
|
|
3025945 |
AS ON 31.03.2014
|
Names of Allottees |
|
No. of Shares |
|
Vinodrai Manjibhai Patel |
|
100000 |
|
Jivrajbhai Premjibhai
Patel |
|
35000 |
|
Narendrabhai Manjibhai Kukadia |
|
70000 |
|
Manishaben Narendrabhai Kukadia |
|
6500 |
|
Archis Vinodrai Patel |
|
20000 |
|
Dhruvil Jivrajbhai
Patel |
|
37500 |
|
Ambabhai Kanjibhai Mangukia |
|
5000 |
|
Geetaben Sailesh Mangukia |
|
5000 |
|
Arunaben Ashokbhai Mangukia |
|
5000 |
|
Saritaben Jivraj Patel |
|
10000 |
|
Total |
|
294000 |
AS ON 20.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
49.36 |
|
Other
top fifty shareholders |
|
46.41 |
|
Others |
|
4.23 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Metal Powder and Sintered Tungsten Carbide
Product like carbide powder, TC Wear part etc. |
|
|
|
|
Products : |
·
Cobalt Metal Powder ·
Cemented Carbides ·
T.C. Nozzles ·
Carbide Powder ·
Metal Powders ·
ISO 9001:2008 Certificate ·
D and B Certificate ·
Downlod our E- brochere |
|
|
|
|
Imports : |
|
|
Countries : |
·
Africa ·
Germany |
GENERAL INFORMATION
|
Customers : |
·
L and T Infrastructure Private Limited ·
Akash Ganga Contruction Private Limited |
|||||||||||||||||||||
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|
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No. of Employees : |
Not Available |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited, Digvijay Towers, Opposite St. Xaviers School, Ghod Dod Road, Surat – 395002, Gujarat, India · Varachha Co-operative Bank Limited, Affil Tower, L.H. Road, Surat Gujarat, India |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Goyal Vinod and
Company Chartered Accountant |
|
Address : |
403, Shree Shyam
Chambers, opposite Sub Jail, Ring Road, Surat – 395002,
Gujarat, India. |
|
Tel. No.: |
91-261-2321366 |
|
Fax No.: |
91-261-2369023 |
|
E-Mail : |
|
|
PAN No.: |
ACPPG1097C |
CAPITAL STRUCTURE
AFTER 20.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3319945 |
Equity Shares |
Rs 10/-
each |
Rs.33.199
Millions |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs. 10/- each |
Rs. 40.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2745445 |
Equity Shares |
Rs 10/-
each |
Rs.27.454
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 |
27.454 |
27.454 |
27.454 |
|
(b) Reserves &
Surplus |
33.730 |
29.795 |
24.295 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.605 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
61.789 |
57.249 |
51.749 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
3.445 |
6.287 |
14.427 |
|
(b) Deferred tax
liabilities (Net) |
4.885 |
3.803 |
3.299 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
8.330 |
10.090 |
17.726 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
30.717 |
19.282 |
12.343 |
|
(b) Trade payables |
14.862 |
10.233 |
6.861 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
2.417 |
2.484 |
2.828 |
|
Total Current Liabilities
(4) |
47.996 |
31.999 |
22.032 |
|
|
|
|
|
|
TOTAL |
118.115 |
99.338 |
91.507 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
55.427 |
55.589 |
41.528 |
|
(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 |
0.002 |
0.002 |
0.002 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.413 |
1.088 |
1.198 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.021 |
|
Total Non-Current Assets |
56.842 |
56.679 |
42.749 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
42.174 |
24.485 |
30.322 |
|
(c) Trade receivables |
15.536 |
15.584 |
13.555 |
|
(d) Cash and cash
equivalents |
1.673 |
0.452 |
1.743 |
|
(e) Short-term loans and
advances |
1.890 |
2.138 |
3.138 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
61.273 |
42.659 |
48.758 |
|
|
|
|
|
|
TOTAL |
118.115 |
99.338 |
91.507 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
106.281 |
97.509 |
80.403 |
|
|
|
Other Income |
0.131 |
0.087 |
0.630 |
|
|
|
TOTAL (A) |
106.412 |
97.596 |
81.033 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
64.523 |
54.461 |
42.335 |
|
|
|
Changes in inventories of finished goods, Stock in trade, WIP |
(4.030) |
0.500 |
(1.270) |
|
|
|
Employee benefit expenses |
9.542 |
8.846 |
7.878 |
|
|
|
Other Expenses |
22.668 |
20.203 |
18.645 |
|
|
|
TOTAL (B) |
92.703 |
84.010 |
67.588 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.709 |
13.586 |
13.445 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.126 |
3.179 |
3.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.583 |
10.407 |
10.215 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.894 |
2.572 |
2.276 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
6.689 |
7.835 |
7.939 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.754 |
2.336 |
2.464 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
3.935 |
5.499 |
5.475 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value |
1.140 |
1.865 |
0.627 |
|
|
TOTAL EARNINGS |
1.140 |
1.865 |
0.627 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C.I.F. Value |
5.068 |
0.112 |
1.260 |
|
|
TOTAL IMPORTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.43 |
2.00 |
1.99 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover |
|
|
120.000 |
|
|
|
|
|
The above information has been parted by Mr. Pradeep
Patel (Marketing Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
3.70 |
5.63 |
6.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.29 |
8.04 |
9.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.66 |
7.89 |
8.68 |
|
|
|
|
|
|
|
Return on Investment (ROI)
(PBT/Networth) |
|
0.11 |
0.14 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.45 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.33 |
2.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
27.454 |
27.454 |
27.454 |
|
Reserves & Surplus |
24.295 |
29.795 |
33.730 |
|
(2) Share Application money
pending allotment |
0.605 |
|
|
|
Net
worth |
52.354 |
57.249 |
61.184 |
|
|
|
|
|
|
long-term borrowings |
14.427 |
6.287 |
3.445 |
|
Short term borrowings |
12.343 |
19.282 |
30.717 |
|
Total
borrowings |
26.770 |
25.569 |
34.162 |
|
Debt/Equity
ratio |
0.511 |
0.447 |
0.558 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
80.403 |
97.509 |
106.281 |
|
|
|
21.275 |
8.996 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
80.403 |
97.509 |
106.281 |
|
Profit |
5.475 |
5.499 |
3.935 |
|
|
6.81% |
5.64% |
3.70% |
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 |
No |
|
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 |
Yes |
|
19] |
Payments
terms |
No |
|
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 |
No |
INDEX CHARGES :
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10138800 |
12/03/2014 * |
49,872,000.00 |
Axis Bank Limited |
Dig Vijay Towers, Opp.St.Xaviers School, Ghod Dod |
C00099192 |
|
2 |
90104371 |
27/08/2005 |
14,200,000.00 |
VARACHHA CO. OP. BANK LTD. |
AFFIL TOWER, L. H. ROAD, SURAT, Gujarat, INDIA |
- |
|
3 |
90106859 |
29/01/2004 |
2,000,000.00 |
VARACHHA CO. OP. BANK LTD. |
AFFIL TOWER, L. H. ROAD, SURAT, Gujarat, INDIA |
- |
Note
The Registered Office of the company has been
shifted plot No 6-7 Shankar Trikam
compound opposite T B hospital A K Road B Surat -
395008, Gujarat, India.
FIXED ASSETS
·
Land
·
Factory Building
·
Plant and Machinery
·
Motor Car
·
Computer
·
Airconditioner
·
Vehicle
·
Office Equipments
·
Furniture
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. 59.97 |
|
|
1 |
Rs. 102.89 |
|
Euro |
1 |
Rs. 82.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
|
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
Yes |
|
--LITIGATION |
YES/NO |
No |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
No |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.