MIRA
INFORM REPORT
|
Report Date : |
08.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
RIM JHIM ISPAT LIMTED |
|
|
|
|
Formerly Known
As : |
VANDHNA CASTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
123/ 360, Fazal Ganj, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.01.1991 |
|
|
|
|
Com. Reg. No.: |
20-012679 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 78.260
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101UP1991PLC012679 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPR00168A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR6582K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and
Supplier of Stainless Steel Products, Bright Bars, Wire Rods etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having a satisfactory track
record. There is dip in the profit of the company during 2013. However,
general financial position of the company seems to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. 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.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BB |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
November 01, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A4+ |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
November 01, 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 DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-512-2240980]
LOCATIONS
|
Registered/ Head Office : |
123/ 360, Fazal Ganj, Kanpur – 208012, Uttar Pradesh,
India |
|
Tel. No.: |
91-512-2240980-85 |
|
Fax No.: |
91-512-2295035/ 2545755 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
AN-30A, Shalimar Bagh, New Delhi – 110088, India |
|
Tel. No.: |
91-11-27476877-78 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
B-22-23, Industrial Area, Sumerpur (Hamirpur), Uttar Pradesh, India |
|
|
|
|
Factory 2 : |
Industrial Area, Sumerpur (U.P.), 123/ 535, U. P. Rolling Mill Compound,
Fazal Ganj, Kanpur – 208012, Uttar Pradesh, India |
|
|
|
|
Branch Offices : |
Located at: ·
·
·
·
·
Mumbai |
|
|
|
|
Overseas Office : |
Located at: ·
|
DIRECTORS
AS ON 21.09.2013
|
Name : |
Mr. Yogesh Kumar Agarwal |
|
Designation : |
Managing director |
|
Address : |
7/110 C, Swaroop Nagar, Kanpur – 208001, Uttar Pradesh India |
|
Date of Birth/Age : |
29.10.1965 |
|
Qualifications : |
Post-Graduation |
|
Date of Appointment : |
18.12.2010 |
|
PAN No.: |
ABEPA3466H |
|
DIN No. : |
01023574 |
|
|
|
|
Name : |
Mr. Chetan Prakash Arya |
|
Designation : |
Whole-time director |
|
Address : |
503, Anand Vatika Apartment, 8/10, Arya Nagar, Kanpur – 208002, Uttar
Pradesh, India |
|
Date of Birth/Age : |
03.01.1960 |
|
Qualifications : |
Post-Graduation |
|
Date of Appointment : |
05.07.2005 |
|
PAN No.: |
ABQPA6379P |
|
DIN No. : |
01024875 |
|
|
|
|
Name : |
Mr. Rajeev Kumar Goel |
|
Designation : |
Director |
|
Address : |
117/H -1/19 Pandu Nagar, Kanpur - 208007, Uttar Pradesh, India |
|
Date of Birth/Age : |
22.06.1960 |
|
Qualifications : |
Post-Graduation |
|
Date of Appointment : |
15.03.2005 |
|
PAN No.: |
ADSPG2097G |
|
DIN No. : |
01684484 |
|
|
|
|
Name : |
Mr. Krishna Kumar Garg |
|
Designation : |
Additional director |
|
Address : |
230, Durgabadi, Meerut, Uttar Pradesh, India |
|
Date of Appointment : |
21.01.2012 |
|
DIN No. : |
05187730 |
|
|
|
|
Name : |
Mr. Pawan Bansal |
|
Designation : |
Additional director |
|
Address : |
518, Malaudi-2, Muzaffarnagar, Uttar Pradesh, India |
|
Date of Appointment : |
21.01.2012 |
|
DIN No. : |
05187741 |
|
|
|
|
Name : |
Mr. Sumit Goel |
|
Designation : |
Additional director |
|
Date of Birth/Age : |
Kaushalpuri, Hardoi - 241001, Uttar Pradesh, India |
|
Date of Appointment : |
21.01.2012 |
|
DIN No. : |
05229653 |
|
|
|
|
Name : |
Mr. Sanjeev Kumar Agarwal |
|
Designation : |
Whole-time director |
|
Address : |
B-22-23 Industrial Area, Bharwa Sumerpur, Hamirpur – 210510, Uttar
Pradesh, India |
|
Date of Birth/Age : |
11.01.1970 |
|
Qualifications : |
Graduation |
|
Date of Appointment : |
01.10.1994 |
|
DIN No. : |
01026156 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mitra Sen Agarwal HUF |
|
53000 |
|
Rukmani Devi |
|
25780 |
|
Mitra Sen Agarwal |
|
300000 |
|
Kshitiz Agarwal |
|
221020 |
|
Anuj Bansal |
|
75000 |
|
Chetan Prakash Arya |
|
524800 |
|
Chetan Prakash Arya HUF |
|
122500 |
|
Jagesh Agarwal |
|
27500 |
|
Nand Kishore Agarwal |
|
53600 |
|
Nishi Agarwal |
|
135500 |
|
Sanjeev Kumar Agarwal |
|
10000 |
|
Sanjeev Kumar Agarwal HUF |
|
200000 |
|
Rajeev Kumar Goel HUF |
|
275700 |
|
Rajeev Kumar Goel |
|
621100 |
|
Rajeev Kumar Goel and Sons HUF |
|
12500 |
|
J. C. Goel |
|
40000 |
|
Kavita Goel |
|
1200 |
|
Meenakshi Agarwal |
|
50700 |
|
Yogesh Kumar Agarwal |
|
1059650 |
|
Heema Agarwal |
|
401250 |
|
Praveen Kumar Agarwal |
|
159050 |
|
Praveen Kumar Agarwal and Sons HUF |
|
307750 |
|
Preeti Agarwal |
|
181000 |
|
Navin Kumar Tayal |
|
317400 |
|
Raghubar Dayal HUF |
|
40550 |
|
Raghubar Dayal |
|
96000 |
|
Nalini Tayal |
|
2450 |
|
Pradeep Kumar Tayal |
|
74000 |
|
Pradeep Kumar Tayal and Sons HUF |
|
9500 |
|
Vandana Steels Private Limited |
|
143000 |
|
Juhi Alloys Limited |
|
148500 |
|
Others |
|
2136000 |
|
|
|
|
|
Total |
|
7826000 |
AS ON 27.09.2013
|
Names of Allottees |
|
No. of Shares |
|
Yogesh Kumar Agarwal |
|
1100000 |
|
Yogesh Kumar Agarwal and Sons HUF |
|
2074000 |
|
|
|
|
|
Total |
|
3174000 |
AS ON 21.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
31.02 |
|
Directors
or relatives of directors |
68.98 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and
Supplier of Stainless Steel Products, Bright Bars, Wire Rods etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· Punjab National Bank Mall Road Branch, Kanpur - 208001, Uttar Pradesh, India · Union Bank of India Birhana Road Branch, Kanpur - 208001, Uttar Pradesh, India · Allahabad Bank Main Branch, The Mall, Main Branch, The Mall, Kanpur - 208001, Uttar Pradesh, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vikas Om and Associates Chartered Accountants |
|
Address : |
104 A/181-B, Rambagh, Kanpur, Uttar Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFV6493N |
CAPITAL STRUCTURE
AFTER 21.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 110.000 Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,826,000 |
Equity Shares |
Rs. 10/- each |
Rs. 78.260
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 |
78.260 |
78.260 |
78.260 |
|
(b) Reserves & Surplus |
1548.500 |
1447.037 |
1241.367 |
|
(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) |
1626.760 |
1525.297 |
1319.627 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
670.203 |
707.562 |
893.168 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
670.203 |
707.562 |
893.168 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1488.371 |
1249.867 |
1198.189 |
|
(b)
Trade payables |
296.004 |
226.089 |
218.978 |
|
(c)
Other current liabilities |
25.417 |
21.303 |
44.759 |
|
(d) Short-term provisions |
106.066 |
120.398 |
72.127 |
|
Total Current
Liabilities (4) |
1915.858 |
1617.657 |
1534.053 |
|
|
|
|
|
|
TOTAL |
4212.821 |
3850.516 |
3746.848 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1415.598 |
1508.705 |
1517.974 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
128.233 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.009 |
7.009 |
7.009 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1550.840 |
1515.714 |
1524.983 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1157.798 |
916.448 |
1086.388 |
|
(c)
Trade receivables |
1230.412 |
1127.248 |
913.560 |
|
(d) Cash
and cash equivalents |
8.289 |
4.769 |
4.617 |
|
(e)
Short-term loans and advances |
265.460 |
286.294 |
217.235 |
|
(f)
Other current assets |
0.022 |
0.043 |
0.065 |
|
Total
Current Assets |
2661.981 |
2334.802 |
2221.865 |
|
|
|
|
|
|
TOTAL |
4212.821 |
3850.516 |
3746.848 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
9780.964 |
7852.770 |
7815.715 |
|
|
|
Other Income |
21.710 |
16.478 |
9.388 |
|
|
|
TOTAL (A) |
9802.674 |
7869.248 |
7825.103 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
6977.493 |
4883.283 |
5744.923 |
|
|
|
Purchases of Stock-in-Trade |
208.591 |
424.714 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(237.667) |
252.967 |
(229.231) |
|
|
|
Employees benefits expense |
16.226 |
12.898 |
9.561 |
|
|
|
Other expenses |
2208.607 |
1553.632 |
1620.878 |
|
|
|
TOTAL (B) |
9173.250 |
7127.494 |
7146.131 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
629.424 |
741.754 |
678.972 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
263.094 |
267.123 |
248.936 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
366.330 |
474.631 |
430.036 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
239.489 |
215.240 |
178.997 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
126.841 |
259.391 |
251.039 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
25.378 |
53.722 |
46.442 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
101.463 |
205.669 |
204.597 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
196.286 |
328.162 |
313.207 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.96 |
26.28 |
26.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.04 |
2.61 |
2.61 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.30 |
3.30 |
3.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.11 |
6.75 |
6.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.17 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.33 |
1.28 |
1.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.44 |
1.45 |
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 |
78.260 |
78.260 |
78.260 |
|
Reserves & Surplus |
1241.367 |
1447.037 |
1548.500 |
|
Net
worth |
1319.627 |
1525.297 |
1626.760 |
|
|
|
|
|
|
long-term borrowings |
893.168 |
707.562 |
670.203 |
|
Short term borrowings |
1198.189 |
1249.867 |
1488.371 |
|
Total
borrowings |
2091.357 |
1957.429 |
2158.574 |
|
Debt/Equity ratio |
1.585 |
1.283 |
1.327 |
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 |
7815.715 |
7852.770 |
9780.964 |
|
|
|
0.474 |
24.554 |
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 |
7815.715 |
7852.770 |
9780.964 |
|
Profit |
204.597 |
205.669 |
101.463 |
|
|
2.62% |
2.62% |
1.04% |
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 |
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10444578 |
01/08/2013 |
1,800,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B82887761 |
|
2 |
10444579 |
01/08/2013 |
3,400,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B82888967 |
|
3 |
10423378 |
24/03/2014 * |
4,210,000,000.00 |
PUNJAB NATIONAL
BANK (LEAD BANK) |
MALL ROAD
BRANCH, KANPUR, UTTAR PRADESH - 208001, INDIA |
C03406824 |
|
4 |
10358887 |
18/05/2012 |
2,045,300,000.00 |
PUNJAB NATIONAL
BANK (LEAD BANK) |
MALL ROAD BRANCH,
KANPUR, UTTAR PRADESH - 208001, INDIA |
B40862245 |
|
5 |
10355646 |
25/04/2012 |
1,665,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B39614094 |
|
6 |
10355644 |
25/04/2012 |
8,325,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B39613732 |
|
7 |
10172521 |
06/07/2009 |
1,611,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A68524867 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Other loans and advances |
326.208 |
122.935 |
|
|
|
|
|
Total |
326.208 |
122.935 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 123/355, U P Rolling
Mill Compound, Fazalganj, Kanpur – 208012, Uttar Pradesh, India to the present
address w.e.f.18.12.2010.
FIXED ASSETS:
· Land
Buildings
Factory
building
Plant
and equipment
Factory
equipments
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Other
equipments
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. 59.95 |
|
|
1 |
Rs. 102.78 |
|
Euro |
1 |
Rs. 81.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.