MIRA
INFORM REPORT
|
Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
AGRAWAL METAL WORKS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
205, 2nd Floor, |
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|
Country : |
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|
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Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
07.06.1945 |
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|
|
|
Com. Reg. No.: |
55-000835 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.12.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1945PTC000835 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA4897R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
Manufacturer and Exporter of copper and brass products. |
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|
|
|
No. of Employees
: |
750 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2900000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is established company having a satisfactory track record. Financial for the year 2013 could not be made available from
government department due to technical error. As per available financial 2012, financial position of the company
seems to be decent. Trade relations are reported as 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 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: BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
25.06.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A2 |
|
Rating Explanation |
Have strong degree of safety and carry low credit risk. |
|
Date |
25.06.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Animesh Jain |
|
Designation : |
A G M Finance |
|
Contact No.: |
91-7665501000 |
|
Date : |
15.07.2014 |
LOCATIONS
|
Registered Office : |
205, 2nd Floor, Arunachal Building, 19, Barakhamba Road,
New Delhi – 110001, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7665501000 (Mr. Animesh Jain) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
Factory 1/Mailing Address : |
|
|
Tel. No.: |
91-1274-253401/ 253404 |
|
Fax No.: |
91-1274-254412/ 256413 |
|
|
|
|
Factory 2 : |
SPL 144 A and B, RIICO Industrial Area, Phase I, Bhiwadi – 301 019, |
DIRECTORS
As on 27.09.2012
|
Name : |
Mr. Davinder Kumar Jain |
|
Designation : |
Managing Director |
|
Address : |
69RL, |
|
Date of Birth/Age : |
14.11.1948 |
|
Qualification : |
B.E. (Elect) |
|
Experience : |
33 Years |
|
Date of Appointment : |
31.07.2004 |
|
DIN No.: |
00250693 |
|
|
|
|
Name : |
Mr. Subhash Chand Jain |
|
Designation : |
Director |
|
Address : |
L – 18, |
|
Date of Birth/Age : |
18.09.1956 |
|
Date of Appointment : |
07.07.2006 |
|
DIN No.: |
00250598 |
|
|
|
|
Name : |
Mr. Mayur Sunil Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. 2201, 22nd Floor, B – 30, |
|
Date of Birth/Age : |
02.03.1978 |
|
Qualification : |
CA, CPA and MBA |
|
Experience : |
7 Years |
|
Date of Appointment : |
15.07.2006 |
|
DIN No.: |
00250780 |
|
|
|
|
Name : |
Mr. Vivek Indermani Gupta |
|
Designation : |
Director |
|
Address : |
Vrindavan, 4th Floor, 32, Mount Marry, Off Captain Villa,
Bandara (West), Mumbai – 400 050, |
|
Date of Birth/Age : |
24.07.1969 |
|
Date of Appointment : |
05.09.2005 |
|
DIN No.: |
00027546 |
|
|
|
|
Name : |
Mr. Rajiv Jain |
|
Designation : |
Director |
|
Address : |
601/17, |
|
Date of Birth/Age : |
11.04.1960 |
|
Date of Appointment : |
18.06.2011 |
|
DIN No.: |
00275752 |
KEY EXECUTIVES
|
Name : |
Mr. Animesh Jain |
|
Designation : |
A G M Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
69.20 |
|
Other top fifty shareholders |
30.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of copper and brass products. |
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Products : |
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Exports : |
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Products : |
Copper and Brass products |
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Countries : |
·
Middle East ·
Australia ·
Japan |
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Imports : |
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Countries : |
Middle East |
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS [AS ON 31.03.2010]
|
Particulars |
ITC (HS) Item
Code Nos. |
Licensed
Capacity |
Registered Capacity |
Installed
Capacity |
Actual
Production |
|
I. Copper and
Copper Alloy |
|
There is no Licensing required for the products manufactured by them |
|
|
|
|
Refined Unwrought |
74.03 |
50 |
50 |
Nil* |
|
|
Bars and Rods |
74.07 |
80 |
80 |
-- |
|
|
Wires |
74.08 |
100 |
20 |
Nil# |
|
|
Strips, Sheets and Circles including Foil |
74.09 and 74.10 |
28020 |
12400 |
10059 |
|
|
|
|
28250 |
12550 |
10059** |
|
|
II. Ash |
|
|
|
|
|
|
Copper and Copper Alloy |
26.20 |
- |
- |
164 |
* Refined Unwrought production is merely 215 Kgs.
Hence considered “Nil”
# Wire production is merely 282 Kgs. Hence
considered “Nil”
** Includes 1742 MT manufactured from
Customers’ Raw Material
GENERAL INFORMATION
|
Customers : |
End users |
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|
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No. of Employees : |
750 (Approximately) |
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Bankers : |
· State Bank of Bikaner and Jaipur, Kath Mandi, Rewari - 123401, Haryana, India · Axis Bank Limited, 2nd Floor, Statesman House, 148, Barakhamba Road, New Delhi - 110001,Delhi, India ·
State Bank of Hyderabad, 74,Janpath, New Delhi
- 110001, Delhi, India ·
ING Vysya Bank Limited |
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|
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|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.C. Jain and Company Chartered Accountants |
|
Address : |
4812/24, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFK4992K |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
1000000 |
Preference Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
1000000 |
Unclassified Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
Total |
|
Rs.60.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs.12.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
12.500 |
12.500 |
|
(b) Reserves & Surplus |
|
707.918 |
572.672 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
720.418 |
585.172 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
6.866 |
27.424 |
|
(b) Deferred tax liabilities
(Net) |
|
50.187 |
52.367 |
|
(c) Other long term
liabilities |
|
1.428 |
0.759 |
|
(d) long-term provisions |
|
1.655 |
1.557 |
|
Total
Non-current Liabilities (3) |
|
60.136 |
82.107 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
1056.246 |
823.837 |
|
(b) Trade payables |
|
43.608 |
104.339 |
|
(c) Other current liabilities |
|
34.488 |
43.420 |
|
(d) Short-term provisions |
|
10.845 |
14.316 |
|
Total
Current Liabilities (4) |
|
1145.187 |
985.912 |
|
|
|
|
|
|
TOTAL |
|
1925.741 |
1653.191 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
408.304 |
391.090 |
|
(ii) Intangible Assets |
|
2.347 |
1.926 |
|
(iii) Capital work-in-progress |
|
4.615 |
0.477 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
56.440 |
40.952 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
471.706 |
434.445 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
608.953 |
549.402 |
|
(c) Trade receivables |
|
716.894 |
620.385 |
|
(d) Cash and cash equivalents |
|
42.202 |
8.633 |
|
(e) Short-term loans and
advances |
|
85.986 |
40.326 |
|
(f) Other current assets |
|
|
|
|
Total
Current Assets |
|
1454.035 |
1218.746 |
|
|
|
|
|
|
TOTAL |
|
1925.741 |
1653.191 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
12.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
487.658 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
500.158 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
576.107 |
|
|
2] Unsecured Loans |
|
|
15.000 |
|
|
TOTAL BORROWING |
|
|
591.107 |
|
|
DEFERRED TAX LIABILITIES |
|
|
51.719 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1142.984 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
363.461 |
|
|
Capital work-in-progress |
|
|
10.476 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
410.325
|
|
|
Sundry Debtors |
|
|
377.275
|
|
|
Cash & Bank Balances |
|
|
18.228
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
123.933
|
|
Total
Current Assets |
|
|
929.761
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
104.204
|
|
|
Other Current Liabilities |
|
|
40.678
|
|
|
Provisions |
|
|
15.832
|
|
Total
Current Liabilities |
|
|
160.714
|
|
|
Net Current Assets |
|
|
769.047
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1142.984 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Net Turnover |
|
|
2738.639 |
|
|
Other Income |
|
|
10.615 |
|
|
Closing Stock |
|
|
311.790 |
|
|
TOTAL
(A) |
NA |
NA |
3061.044 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Opening Stock |
|
|
220.964 |
|
|
Raw Material and Components Consumed |
|
|
2275.847 |
|
|
Manufacturing Expenses |
|
|
226.233 |
|
|
Excise Duty |
|
|
1.516 |
|
|
Administrative Expenses |
|
|
51.446 |
|
|
Selling Expenses |
|
|
2.367 |
|
|
TOTAL
(B) |
NA |
NA |
2778.373 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
392.782 |
329.129 |
282.671 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
118.343 |
86.475 |
70.076 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
274.439 |
242.654 |
212.595 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
54.244 |
50.535 |
46.029 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE EXTRAORDINARY ITEMS AND TAX |
220.195 |
192.120 |
166.567 |
|
|
|
|
|
|
|
Less |
EXTRAORDINARY
ITEMS |
0.000 |
44.502 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
220.195 |
147.618 |
166.566 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
70.421 |
48.053 |
24.801 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
149.774 |
99.565 |
141.765 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
74.172 |
39.158 |
(80.524) |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Interim Dividend Paid |
9.375 |
6.250 |
2.500 |
|
|
Proposed Dividend |
3.125 |
6.250 |
3.750 |
|
|
Tax on Interim Dividend |
1.521 |
1.038 |
0.425 |
|
|
Tax on Final Dividend |
0.507 |
1.013 |
0.637 |
|
|
Prior Period Items |
0.000 |
0.000 |
-0.229 |
|
|
Transfer to General Reserves |
201.500 |
50.000 |
15.000 |
|
|
Total
|
216.028 |
64.551 |
22.083 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
7.918 |
74.172 |
39.158 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export of Finished Goods |
673.452 |
358.913 |
297.907 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
8.561 |
43.937 |
12.039 |
|
|
Components and Stores parts |
7.149 |
12.082 |
6.842 |
|
|
Capital Goods |
9.530 |
11.286 |
1.731 |
|
|
TOTAL
IMPORTS |
25.240 |
67.305 |
20.612 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
119.81 |
79.10 |
113.41 |
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
5910.000 |
6320.000 |
The above information has been parted by Mr. Animesh Jain (A G M
Finance)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
|
NA |
NA |
4.63
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
|
NA |
NA |
6.08
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.46 |
8.93 |
12.88
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.25 |
0.33
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.48 |
1.45 |
1.50
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.24 |
5.79
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
12.500 |
12.500 |
|
Reserves & Surplus |
572.672 |
707.918 |
|
Net
worth |
585.172 |
720.418 |
|
|
|
|
|
long-term borrowings |
27.424 |
6.866 |
|
Short term borrowings |
823.837 |
1056.246 |
|
Total
borrowings |
851.261 |
1063.112 |
|
Debt/Equity
ratio |
1.455 |
1.476 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE: The registered
address of the company has been shifted from B-214, 2nd Floor, R.G.
Complex, Plot No.2, D.B. Gupta Road, Motia Khan, Pahar Ganj, Delhi – 110 055, India
to the present address with effect from 01.09.2012.
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Other loans and advances, others |
30.000 |
30.000 |
|
Total |
30.000 |
30.000 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10489269 |
06/06/2014 * |
100,000,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
C07193477 |
|
2 |
10364485 |
08/08/2012 * |
134,600,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, STATESMAN HOUSE, 148, BARAKHAMBA ROAD, |
B45340544 |
|
3 |
10061904 |
16/12/2013 * |
1,800,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
KATH MANDI, REWARI, HARYANA - 123401, INDIA |
B93562692 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
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.60.19 |
|
|
1 |
Rs.103.14 |
|
Euro |
1 |
Rs.81.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
49 |
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.