MIRA
INFORM REPORT
|
Report Date : |
17.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
WARM FORGINGS PRIVATE LIMITED |
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|
|
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Registered
Office : |
SPL -1D and 1E, Phase – I, RIICO Industrial Area, Bhiwadi
– 301019, Alwar, Rajasthan |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
30.09.1999 |
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Com. Reg. No.: |
17 – 015907 |
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Capital
Investment / Paid-up Capital : |
Rs.20.458 Millions |
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|
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CIN No.: [Company Identification
No.] |
U34300RJ1999PTC015907 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of two wheeler and four wheeler gear systems |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 840000 |
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|
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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. Sales turnover of the company has declined which resulting into dip in
profit of the company during financial year 2013. Futher
external borrowing of the company has increased over previous year. 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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 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 |
ICRA |
|
Rating |
Term Loan =B - |
|
Rating Explanation |
Risk prone credit quality & High credit risk |
|
Date |
April 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Unallocated A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
April 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. Kaushal |
|
Designation : |
Purchase Department |
|
Contact No.: |
91-9785915385 |
|
Date : |
14.07.2014 |
LOCATIONS
|
Registered Office : |
SPL -1D and 1E, Phase – I, RIICO Industrial Area, Bhiwadi
– 301019, Alwar, Rajasthan, India |
|
Tel. No.: |
91-1493512214 / 1493512325 |
|
Mobile No.: |
91-9785915385 (Mr. Kaushal) |
|
Fax No.: |
91-1493516623 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
Factory / Head Office : |
F – 71, Phase – I,RIICO Industrial Area, Bhiwadi
– 301019, Alwar , Rajasthan, India |
|
Tel. No.: |
91-1493510613 / 1493512214 |
|
Fax No.: |
91-1493516623 |
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E-Mail : |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Amit Rajput |
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Designation : |
Director |
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|
Address : |
1/91, RHB Alampur, Panchayat
Samiti, Tijara, Alwar – 301019, Rajasthan, India |
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Date of Birth/Age : |
01.06.1970 |
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Date of Appointment : |
19.09.2003 |
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DIN No.: |
01299876 |
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Other Directorship :
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Name : |
Mr. Anupam Chauhan |
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Designation : |
Director |
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Address : |
117-118, Pocket A, A -3, Sector 11, Rohini,
New Delhi – 110085, Delhi, India |
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Date of Birth/Age : |
12.03.1970 |
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Date of Appointment : |
19.09.2003 |
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DIN No.: |
02173246 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Pandey |
|
Designation : |
Chattered Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Amit Rajput |
625750 |
|
Anupam Chauhan |
474850 |
|
Avinash Rajput |
10 |
|
Rajendra Singh Chauhan |
10 |
|
Manoj Rajput |
100 |
|
Sanjeev Kumar |
10 |
|
Rajender Singh |
10 |
|
Ghashi Singh |
10 |
|
Anjali Rajput |
10 |
|
Mayank Rajput |
126500 |
|
Sheelwant |
18000 |
|
Bhupinder Singh |
29000 |
|
Rajveer Singh |
24000 |
|
Kamla Devi |
17000 |
|
Poonam |
17000 |
|
Amit Singh |
47500 |
|
Arjun Kumar |
48100 |
|
Deep Mala Rajput |
64500 |
|
Dinesh Kumar |
48250 |
|
Pushpender Kumar |
47500 |
|
Yogender |
58250 |
|
Geetansh Industries |
8200 |
|
R P Saraswat |
60000 |
|
Vayank Rajput |
32000 |
|
Deepak Saraswat |
60000 |
|
Total
|
1806560 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
60.92 |
|
Other top fifty shareholders |
|
39.08 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of two wheeler and four wheeler gear systems |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Iran ·
Italy |
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Imports : |
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Products : |
Machinery |
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Countries : |
Korea |
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Terms : |
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Selling : |
Cash, Credit and Depend |
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Purchasing : |
Cash, Credit and Depend |
GENERAL INFORMATION
|
Customers : |
·
Yamaha Motor India Private Limited ·
Denso India Limited ·
Hero Motors Limited ·
Kinetic Engineering Limited ·
LML Limited ·
Sona Somic Lemforder Components Limited ·
Mitsuba Sical India
Limited ·
Valeo Transmission Limited, France ·
Metalcastello Castello S.p A, Italy ·
Raunaq Automotive
Components Limited ·
Musashi Auto Parts
India Private Limited ·
General Motors – Indirect Thru Avtec. Limited ·
Carraro S. p. A, Italy |
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No. of Employees : |
300 (Approximately) |
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Financial institution : |
Rajasthan Financial Corporation, Udyog Bhawan, Tilak Marg, Jaipur – 302005,
Rajasthan, India |
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Bankers : |
·
State Bank of India, SME Branch, G. T. Road, Shahdara, Delhi – 110032, Delhi, India ·
Allahabad Bank, Bhiwadi
(Branch), Rajasthan, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
DSP and Associates Chartered Accountants |
|
Address : |
783, Deshbandhu Gupta Road, Near Faiz Road Crossing, Karol Bagh,
New Delhi – 110065, India |
|
PAN No.: |
AACFD8576A |
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|
|
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Associates/Subsidiaries : |
Warm Gears Private Limited, India CIN No:
U34300DL2008PTC180701 Mah Impex Private
Limited, India CIN No:
U74999DL2004PTC130037 R S Alloys Private Limited,
India CIN No:
U74899DL1990PTC040657 |
|
|
|
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Sister Concern : |
Rudrapur Precision Industries PAN No: AABCC7684C |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1806560 |
Equity Shares |
Rs.10/- each |
Rs.18.065
Millions |
|
|
|
|
|
As on: 30.09.2013
Authorized Capital: Rs. 30.000 Millions
Issued, Subscribed & Paid-up Capital: Rs. 20.458 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 |
18.065 |
18.065 |
18.065 |
|
(b) Reserves & Surplus |
144.753 |
127.489 |
99.225 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
47.850 |
22.250 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
210.668 |
167.804 |
117.290 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
108.598 |
37.558 |
46.207 |
|
(b) Deferred tax liabilities (Net) |
10.689 |
14.927 |
15.523 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.392 |
2.392 |
1.590 |
|
Total Non-current
Liabilities (3) |
121.679 |
54.877 |
63.320 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
124.443 |
91.935 |
102.107 |
|
(b)
Trade payables |
198.437 |
197.449 |
144.979 |
|
(c)
Other current liabilities |
209.742 |
48.282 |
62.659 |
|
(d) Short-term
provisions |
4.999 |
7.984 |
4.676 |
|
Total Current
Liabilities (4) |
537.621 |
345.650 |
314.421 |
|
|
|
|
|
|
TOTAL |
869.968 |
568.331 |
495.031 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
264.800 |
201.562 |
205.791 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
176.502 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
95.696 |
40.196 |
15.096 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
12.900 |
20.349 |
13.941 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
549.898 |
262.107 |
234.828 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
49.805 |
44.183 |
58.137 |
|
(c)
Trade receivables |
161.097 |
147.648 |
152.160 |
|
(d) Cash
and cash equivalents |
17.640 |
26.456 |
6.869 |
|
(e)
Short-term loans and advances |
90.005 |
86.821 |
42.611 |
|
(f)
Other current assets |
1.523 |
1.116 |
0.426 |
|
Total
Current Assets |
320.070 |
306.224 |
260.203 |
|
|
|
|
|
|
TOTAL |
869.968 |
568.331 |
495.031 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1348.780 |
1377.452 |
831.832 |
|
|
|
Other Income |
12.744 |
13.250 |
9.334 |
|
|
|
TOTAL |
1361.524 |
1390.702 |
841.166 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1339.225 |
1348.267 |
803.951 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
22.299 |
42.435 |
37.215 |
|
|
|
|
|
|
|
|
|
Add |
EXCEPTIONAL
Items |
0.000 |
0.000 |
(1.073) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
22.299 |
42.435 |
36.142 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.035 |
14.171 |
14.663 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
17.264 |
28.264 |
21.479 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NIL |
NIL |
NIL |
|
|
|
Stores & Spares |
NIL |
0.208 |
0.591 |
|
|
|
Capital Goods |
NIL |
0.153 |
1.613 |
|
|
TOTAL IMPORTS |
NIL |
0.361 |
2.204 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.26 |
28.26 |
46.14 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1180.000 |
The above information has been parted by Mr. Kaushal
(Purchase Department).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.27 |
2.03 |
2.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.65 |
3.08 |
4.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.73 |
8.03 |
7.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.25 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth)
|
|
1.11 |
0.77 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.60 |
0.89 |
0.83 |
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 |
18.065 |
18.065 |
18.065 |
|
Reserves & Surplus |
99.225 |
127.489 |
144.753 |
|
Share Pending Allotment
Money |
0.000 |
22.250 |
47.850 |
|
Net worth |
117.29 |
167.804 |
210.668 |
|
|
|
|
|
|
long-term borrowings |
46.207 |
37.558 |
108.598 |
|
Short term borrowings |
102.107 |
91.935 |
124.443 |
|
Total borrowings |
148.314 |
129.493 |
233.041 |
|
Debt/Equity ratio |
1.265 |
0.772 |
1.106 |
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 |
831.832 |
1377.452 |
1348.780 |
|
|
|
65.593 |
(2.082) |
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 |
831.832 |
1377.452 |
1348.780 |
|
Profit |
21.479 |
28.264 |
17.264 |
|
|
2.58% |
2.05% |
1.28% |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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] |
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 |
UNSECURED LOAN
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS: |
|
|
|
Deferred payment liabilities |
75.790 |
0.000 |
|
Loans and advances from related parties |
5.138 |
5.138 |
|
Other loans and advances |
1.000 |
0.000 |
|
Rupee tem loan from others |
0.000 |
0.647 |
|
Incorporated Borrowings |
0.000 |
1.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS: |
|
|
|
Loans and advances from related parties |
32.976 |
32.499 |
|
|
|
|
|
Total |
114.904 |
39.284 |
|
PENDING Date of query :
15/7/2014
Time : 12:14:41 PM COP ‘3’ of 2013
– R
202/2013 Petitioner : HI
– TECH INTERNATIONAL Respondent
:
WARM FORGINGS PVT LTD Petitioner
Advocate :
RAJENDRA
SALECHA Respondent
Advocate:
SANDEEP TANEJA Class Code:
2501
Registered on : 5/1/2013 Bench : SB Stage
: FOR ADMISSION – NOTICE SERVED DATE GIVEN BY :
PESHI CLERK DATE Date of Listing
: 11/04/2014 Listed in court
no. 5A on 09/05/2014
Cases Detail in which this is Main Case Filling
Number
Reg. No.
Filing Date CSTAY – 203/2013
80/2013 3/1/2013
Paper Details No.
Type Date of filing 9786/2013
POWER
4/5/2013 Court Fee:2 HI – TECH INTERNATIONAL VS WARM FORGINGS PVT LTD SANDEEP
TANEJA Proc. Fee: 7349/2013
PF+NOTICE+EXTRA
1/4/2013 Court Fee:3 HI-TECH INTERNATIONAL RAJENDRA
SALECHA Proc. Fee: |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10505153 |
23/04/2014 |
141,728,000.00 |
ALLAHABAD BANK |
2, NETAJI SUBHAS ROAD, KOLKATA - 700001, WEST BENGAL, INDIA |
C07778160 |
|
2 |
10482026 |
07/03/2014 |
15,000,000.00 |
RAJASTHAN FINANCIAL CORPORATION |
UDYOG BHAWAN, TILAK MARG, JAIPUR - 302005, RAJASTHAN, INDIA |
B98285414 |
|
3 |
10403859 |
17/04/2014 * |
60,300,000.00 |
SBI GLOBAL FACTORS LIMITED |
6TH FLOOR, METROPOLITAN BUILDING, BANDRA-KURLA, COMPLEX, BANDRA(EAST), MUMBAI - 400051, MAHARASHTRA, INDIA |
C04110656 |
|
4 |
10396268 |
07/01/2013 |
26,666,667.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS,, PAUD ROAD, KOTHRUD, PUNE - 411038, MAHARASHTRA, INDIA |
B65634230 |
|
5 |
10276082 |
22/03/2011 |
30,000,000.00 |
ALLAHABAD BANK |
1/5, RHB, BHIWADI - 301019, RAJASTHAN, INDIA |
B09280264 |
|
6 |
10225450 |
20/03/2013 * |
294,800,000.00 |
STATE BANK OF INDIA |
SME BRANCH, G.T. ROAD, SHAHDARA, DELHI - 110032, DELHI, INDIA |
B72614803 |
|
7 |
10217004 |
08/05/2010 |
6,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX, CUFFE PARADE, MUMBAI - 400005, MAHARASHTRA, INDIA |
A85061331 |
|
8 |
10193130 |
08/01/2010 |
5,100,000.00 |
RAJASHTHAN FINANCIAL CORPORATION |
UDYOG BHAWAN, TILAK MARG, JAIPUR - 302001, RAJASTHAN, INDIA |
A76258821 |
|
9 |
10155606 |
22/03/2011 * |
29,100,000.00 |
ALLAHABAD BANK |
1/5, RHB, BHIWADI - 301019, RAJASTHAN, INDIA |
B09270422 |
|
10 |
10143707 |
03/02/2009 |
90,000,000.00 |
ALLAHABAD BANK |
1/5, HIG, RHB, BHIWADI - 301019, RAJASTHAN, INDIA |
A57338733 |
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 judgment 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 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 : |
PDT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.