MIRA
INFORM REPORT
|
Report Date : |
09.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME
ALLOYS LIMITED (w.e.f. 10.05.2008) |
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Formerly Known
As : |
SUPREME
ALLOYS PRIVATE LIMITED |
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Registered
Office : |
B-7, WHS, Kirti Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
09.10.1989 |
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Com. Reg. No.: |
55-037969 |
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Capital
Investment / Paid-up Capital : |
Rs.150.000 millions |
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CIN No.: [Company Identification
No.] |
U74899DL1989PLC037969 |
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PAN No.: [Permanent Account No.] |
AAACS0639L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing and trading of iron
and steel products like steel ingots, thermo mechanically treated (TMT) bars,
Wire Rods and drawn wires used in the construction of multi storied
buildings, dams, bridges, flyovers and other infrastructure and construction
projects. |
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No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 1513000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an
established company having moderate track record. The rating is
constrained on account of company’s moderate financial risk profile marked by
low profitability levels and stretched liquidity position of the company. 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. |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
NEWS
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 with 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: BBB- (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
November 15, 2013 |
Reason for suspension: Absence of adequate information.
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
(Tel. No.: 91-11-41656555)
LOCATIONS
|
Registered Office: |
B-7, WHS, Kirti Nagar, New Delhi – 110 015, India |
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Tel. No.: |
91-11-41656555 |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office/ Factory 1: |
AN-28 to AN-33, M.G. Road, UPSIDC Industrial Area, Ghaziabad, Uttar
Pradesh, India |
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Tel. No.: |
91-120-2673544/ 2673545 |
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Fax No.: |
91-120-2730494/ 2730090 |
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Factory 2: |
C-232, B.S. Road, Industrial Area, Ghaziabad, Uttar Pradesh, India |
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Factory 3: |
Plot No.575-576, Dujana Road, Village Bisnouli, Acheja, Dadri, Gautam
Budh Nagar, Uttar Pradesh, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Jagjiv Kumar Arora |
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Designation : |
Managing Director |
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Address : |
KF-16, Kavi Nagar, Ghaziabad – 201 001, Uttar Pradesh, India |
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Date of Birth/Age : |
24.11.1959 |
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Qualification : |
B.A. |
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Experience : |
28 Years |
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Date of Appointment : |
01.06.2008 |
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DIN No.: |
00791132 |
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PAN No.: |
AFGPA3767H |
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Other Directorship:
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Name : |
Mr. Sahil Arora |
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Designation : |
Whole-time Director |
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Address : |
KF-16, Kavi Nagar, Ghaziabad – 201 001, Uttar Pradesh, India |
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Date of Birth/Age : |
19.12.1984 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.06.2008 |
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DIN No.: |
01335200 |
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PAN No.: |
ABOPA6860B |
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Other Directorship:
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Name : |
Mr. Chander Gupta |
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Designation : |
Director |
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Address : |
874, Pocket B and C, Sector-A, Vasant Kunj, New Delhi – 110 070, India
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Date of Birth/Age : |
12.01.1951 |
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Date of Appointment : |
30.04.2011 |
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DIN No.: |
00497837 |
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Other Directorship:
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2013
|
Names of Shareholders (Equity Shares) |
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No. of Shares |
|
Jagjiv Kumar Arora |
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6771702 |
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Sangeeta Arora |
|
481600 |
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Sahil Arora |
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529999 |
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SAL International Private Limited, India |
|
1299999 |
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Names of Shareholders (Preference Shares) |
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No. of Shares |
|
Jagjiv Kumar Arora |
|
580000 |
AS ON 29.09.2012
|
Equity Share Breakup |
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Percentage of Holding |
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Category |
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|
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Bodies
corporate |
|
17.33 |
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Directors
or relatives of directors |
|
82.67 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and trading of iron
and steel products like steel ingots, thermo mechanically treated (TMT) bars,
Wire Rods and drawn wires used in the construction of multi storied
buildings, dams, bridges, flyovers and other infrastructure and construction
projects. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Information declined by the Management. |
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Bankers : |
·
Punjab National Bank, Sector-18, Noida – 201 301, Uttar Pradesh, India ·
Syndicate Bank, Main Branch, Navyug Market, Ghaziabad – 201 001, Uttar
Pradesh, India ·
The Federal Bank Limited, Corporate Banking Branch, E-13-29, Harsha
Bhawan, Connaught Place, New Delhi – 110 001, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
VAPS
and Company Chartered Accountants |
|
Address : |
C-42,
South Extension, Part-II, New Delhi – 110 049, India |
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PAN No.: |
AAAFV2410P |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9200000 |
Equity Shares |
Rs.10/- each |
Rs.92.000 millions |
|
580000 |
2%
Redeemable Non-Cumulative Preference Shares |
Rs.100/- each |
Rs.58.000 millions |
|
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Total
|
|
Rs.150.000
millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
9200000 |
Equity Shares |
Rs.10/- each |
Rs.92.000 millions |
|
580000 |
2%
Redeemable Non-Cumulative Preference Shares |
Rs.100/- each |
Rs.58.000 millions |
|
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Total
|
|
Rs.150.000
millions |
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|
|
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 |
150.000 |
120.000 |
50.000 |
|
(b) Reserves & Surplus |
228.202 |
158.087 |
147.249 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
65.000 |
|
Total
Shareholders’ Funds (1) + (2) |
378.202 |
278.087 |
262.249 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
333.812 |
378.150 |
388.415 |
|
(b) Deferred tax liabilities (Net) |
38.551 |
32.057 |
27.592 |
|
(c) Other long term
liabilities |
119.485 |
69.485 |
0.000 |
|
(d) Long-term
provisions |
0.815 |
0.377 |
0.230 |
|
Total Non-current
Liabilities (3) |
492.663 |
480.069 |
416.237 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
746.210 |
646.368 |
455.268 |
|
(b)
Trade payables |
97.663 |
74.712 |
66.999 |
|
(c)
Other current liabilities |
102.073 |
117.479 |
46.672 |
|
(d) Short-term
provisions |
49.829 |
29.175 |
1.651 |
|
Total Current Liabilities
(4) |
995.775 |
867.734 |
570.590 |
|
|
|
|
|
|
TOTAL |
1866.640 |
1625.890 |
1249.076 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible
assets |
524.155 |
504.007 |
502.098 |
|
(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 |
0.791 |
0.740 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
21.609 |
39.938 |
15.606 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.403 |
|
Total Non-Current
Assets |
546.555 |
544.685 |
518.107 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
425.283 |
302.183 |
195.503 |
|
(c)
Trade receivables |
785.264 |
662.193 |
429.257 |
|
(d) Cash
and cash equivalents |
4.703 |
6.008 |
13.357 |
|
(e)
Short-term loans and advances |
98.252 |
104.238 |
86.268 |
|
(f)
Other current assets |
6.583 |
6.583 |
6.584 |
|
Total
Current Assets |
1320.085 |
1081.205 |
730.969 |
|
|
|
|
|
|
TOTAL |
1866.640 |
1625.890 |
1249.076 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
4738.322 |
4789.072 |
3538.730 |
|
|
|
Other Income |
12.303 |
8.433 |
3.115 |
|
|
|
TOTAL (A) |
4750.625 |
4797.505 |
3541.845 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
4307.163 |
3623.461 |
2369.128 |
|
|
|
Purchases of
stock-in-trade |
0.000 |
648.065 |
797.638 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(174.323) |
(65.697) |
(18.867) |
|
|
|
Employee benefit expense |
37.645 |
35.451 |
14.805 |
|
|
|
Expenditure on
production, transportation and other expenditure pertaining to E&P
activities |
290.124 |
279.235 |
0.376 |
|
|
|
Other expenses |
25.148 |
40.312 |
213.735 |
|
|
|
TOTAL (B) |
4485.757 |
4560.827 |
3376.815 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
264.868 |
236.678 |
165.030 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
134.512 |
114.069 |
64.426 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
130.356 |
122.609 |
100.604 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
74.710 |
67.059 |
51.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
55.646 |
55.550 |
49.495 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
19.531 |
19.712 |
16.502 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
36.115 |
35.838 |
32.993 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.80 |
4.78 |
6.60 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.76 |
0.75 |
0.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.17 |
1.16 |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.98 |
3.42 |
3.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.20 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.86 |
3.68 |
3.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.25 |
1.28 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
50.000 |
120.000 |
150.000 |
|
Reserves & Surplus |
147.249 |
158.087 |
228.202 |
|
Share Application money
pending allotment |
65.000 |
0.000 |
0.000 |
|
Net worth |
262.249 |
278.087 |
378.202 |
|
|
|
|
|
|
Long-term borrowings |
388.415 |
378.150 |
333.812 |
|
Short term borrowings |
455.268 |
646.368 |
746.210 |
|
Total borrowings |
843.683 |
1024.518 |
1080.022 |
|
Debt/Equity ratio |
3.217 |
3.684 |
2.856 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
3538.730 |
4789.072 |
4738.322 |
|
|
|
35.333 |
(1.060) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
3538.730 |
4789.072 |
4738.322 |
|
Profit |
32.993 |
35.838 |
36.115 |
|
|
0.93% |
0.75% |
0.76% |
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth 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 |
LITIGATION DETAILS:
IN THE HIGH COURT OF DELHI AT NEW DELHI
CS(OS) 1166/2007
KAMDHENU ISPAT LIMITED ..... Plaintiff
Through Mr. Santosh Kumar, Adv.
Versus
SUPREME ALLOYS PRIVATE LIMITED ..... Defendant
Through Ms. Priyam Mehta, Adv.
CORAM:
BHUPESH KUMAR (DHJS), JOINT REGISTRAR (JUDICIAL)
ORDER
No plaintiff’s witness is present.
Learned counsel for the plaintiff submits that he was informed to by learned counsel for the defendant that he would not available today, hence, he was not called the witness.
Re-notify the matter for plaintiff’s evidence for 15th October, 2014 at 12.00 PM.
BHUPESH KUMAR (DHJS)
JOINT REGISTRAR (JUDICIAL)
MAY 08, 2014/ab
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10453495 |
02/09/2013 |
20,000,000.00 |
PUNJAB NATIONAL BANK |
SECTOR -18, NOIDA, UTTAR
PRADESH - 201301, INDIA |
B86854460 |
|
2 |
10413124 |
20/08/2013 * |
30,000,000.00 |
PUNJAB NATIONAL BANK |
SECTOR -18, NOIDA, UTTAR
PRADESH - 201301, INDIA |
B85728681 |
|
3 |
10342753 |
09/03/2012 |
140,000,000.00 |
THE FEDERAL BANK LIMITED |
CORPORATE BANKING BRANCH,
E-13-29, HARSHA BHAWAN, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B35261015 |
|
4 |
10265736 |
03/01/2011 |
340,000,000.00 |
PUNJAB NATIONAL BANK |
SECTOR-18, NOIDA, UTTAR
PRADESH - 201301, INDIA |
B04999173 |
|
5 |
10259023 |
10/11/2010 |
1,183,000.00 |
PUNJAB NATIONAL BANK |
SECTOR-18, NOIDA, UTTAR
PRADESH - 201301, INDIA |
B02475564 |
|
6 |
10247464 |
04/12/2012 * |
558,000,000.00 |
PUNJAB NATIONAL BANK |
SECTOR -18, NOIDA, UTTAR PRADESH
- 201301, INDIA |
B64434954 |
|
7 |
10190060 |
31/03/2014 * |
683,400,000.00 |
SYNDICATE BANK |
SYNDICATE BANK, NAVYUG
MARKET, GHAZIABAD, UTTAR PRADESH - 201001, INDIA |
C02741577 |
|
8 |
10176942 |
26/09/2009 |
2,500,000.00 |
SYNDICATE BANK |
66,, NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH - 201001, INDIA |
A70376934 |
|
9 |
10117741 |
22/10/2009 * |
140,000,000.00 |
SYNDICATE BANK |
66, NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH - 201001, INDIA |
A71948335 |
|
10 |
10117531 |
22/10/2009 * |
70,000,000.00 |
SYNDICATE BANK |
66, NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH – 201 001, INDIA |
A71942411 |
|
11 |
10082747 |
23/11/2007 |
20,000,000.00 |
SYNDICATE BANK |
66, NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH - 201001, INDIA |
A30108807 |
|
12 |
90043995 |
25/03/2003 * |
3,500,000.00 |
SYNDICATE BANK |
NAVYUG MARKET, GHAZIABAD,
UTTAR PRADESH, INDIA |
- |
|
13 |
90038177 |
22/01/2004 * |
42,500,000.00 |
SYNDICATE BANK |
66, NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH, INDIA |
- |
|
14 |
90037976 |
25/03/2003 * |
3,000,000.00 |
SYNDICATE BANK |
66 ; NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH, INDIA |
- |
|
15 |
90037266 |
08/12/2004 * |
25,000,000.00 |
SYNDICATE BANK |
66 ; NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH, INDIA |
- |
|
16 |
90036485 |
30/03/2001 * |
2,500,000.00 |
SYNDICATE BANK |
66 ; NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH, INDIA |
- |
|
17 |
90035794 |
25/03/2000 |
3,500,000.00 |
SYNDICATE BANK |
NAVYUG MARKET, GHAZIABAD,
UTTAR PRADESH, INDIA |
- |
|
18 |
90034956 |
30/06/2008 * |
180,000,000.00 |
SYNDICATE BANK |
66, NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH - 201001, INDIA |
A43917947 |
|
19 |
90034748 |
13/07/1998 |
12,500,000.00 |
SYNDICATE BANK |
NAVYUG MARKET, GHAZIABAD,
UTTAR PRADESH, INDIA |
- |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
123.002 |
187.002 |
|
Loans and advances from others |
3.000 |
6.000 |
|
Total
|
126.002 |
193.002 |
Note:
The registered office of the company has been shifted from N-102, Kirti Nagar, New Delhi – 110 015 to the present address w.e.f. 02.05.2011.
OPERATIONAL REVIEW:
During the year 2012-13 the
Company achieved a turnover of Rs.5165.331 millions as compared to 5222.240
millions during the financial year 2011-12. The Company earned a Net profit of
Rs.36.115 millions compared to Rs.35.838 millions earned during the year 2010-12.
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipment
·
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.59.80 |
|
|
1 |
Rs.102.42 |
|
Euro |
1 |
Rs.81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.