MIRA
INFORM REPORT
|
Report Date : |
25.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHAH BROTHERS ISPAT PRIVATE LIMITED |
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Registered
Office : |
5A/5B, Trust
House, Dr. E Broges Road, Opposite Shirodkar High School, Parel (East),
Mumbai – 400012, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
04.08.2004 |
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Com. Reg. No.: |
11-147842 |
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Capital
Investment / Paid-up Capital : |
Rs. 14.350 Millions |
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CIN No.: [Company Identification
No.] |
U27101MH2004PTC147842 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS45609E |
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PAN No.: [Permanent Account No.] |
AAKCS2766A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is involved in
the trading, distribution and supplying of boiler quality plates, mild steel plates,
alloy steel plates, hot-rolled coils and non-alloy steels. |
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|
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|
No. of Employees
: |
75 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5091000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet (i.e.
financial filed) shown as 31.03.2013 but the documents related to financial
are not available from any source. As per available financial record of 2012, general financial position
of the company seems to be sound and healthy. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Atmaram |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-40555444 |
|
Date : |
21.07.2014 |
LOCATIONS
|
Registered Office : |
5A/5B, Trust
House, Dr. E Broges Road, Opposite Shirodkar High School, Parel (East),
Mumbai – 400 012, Maharashtra, India |
|
|
Tel. No.: |
91-22-40555444 (Mr. Atmaram) |
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Mobile No.: |
Not Available |
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Fax No.: |
91-22-23436925 |
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E-Mail : |
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Website : |
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Location : |
Qwned |
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Warehouse 1 : |
L-5, Taloja Industrial Area, MIDC, Taluka-Panvel, District – Raigad,
Maharashtra, India |
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Location: |
Owned |
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Warehouse 2 : |
1425/1426/1427, Kalamboli Warehouse Complex, Kalamboili, Navi Mumbai –
410 218, Maharashtra, India |
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Location: |
Owned |
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Branch Office 1 : |
Shop No.718, Loha Mandi, Ghaziabad – 201 001, Uttar Pradesh, India |
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Branch Office : |
Also located at:
·
Bangalore ·
Bhilai ·
Chennai ·
Delhi ·
Hyderabad ·
Vadodara |
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DIRECTORS
|
Name : |
Mr. Rajesh Chinubhai Shah |
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Designation : |
Director |
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Address : |
31, Anupam, 11, Manav Mandir Road, Malabar Hill, Mumbai – 400006,
Maharashtra, India |
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Date of Birth/Age : |
10.07.1965 |
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Date of Appointment : |
04.08.2004 |
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DIN No.: |
00022645 |
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Other Directorship:
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Name : |
Mr. Sanjiv Pravin Mehta |
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Designation : |
Director |
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|
Address : |
15, Nirmal
Mahal, Bomanji Petit Road, Mumbai – 400026, Maharashtra, India |
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Date of Birth/Age : |
14.12.1963 |
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Date of Appointment : |
04.08.2004 |
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DIN No.: |
00022691 |
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Other Directorship:
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|||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Chinubhai Himatlal Shah |
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Designation : |
Director |
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Address : |
13/3, Anupam,
Manav Mandir Road, Malabar Hill, Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
13.03.1936 |
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Date of Appointment : |
04.08.2006 |
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DIN No.: |
00022747 |
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Other Directorship:
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Name : |
Mr. Pravin Pranlal Mehta |
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Designation : |
Director |
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|
Address : |
15, Nirmal
Mahal, Bomanji Petit Road, Mumbai – 400026, Maharashtra, India |
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|
Date of Birth/Age : |
31.08.1935 |
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Date of Appointment : |
04.08.2004 |
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DIN No.: |
00026803 |
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Other Directorship:
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Name : |
Mr. Dharmesh Chinubhai Shah |
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Designation : |
Director |
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Address : |
1-A/1, Giriraj, 11,
Altamount Road, Mumbai – 400 006, Maharashtra, India |
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Date of Birth/Age : |
25.06.1964 |
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Date of Appointment : |
04.08.2004 |
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DIN No.: |
00038177 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Atmaram |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Chinubhai Himatlal Shah Jointly Manjuben C. Shah
Jointly Dharmesh C. Shah |
|
72000 |
|
Chinubhai Himatlal Shah Jointly Manjuben C.
Shah Jointly Rajesh C. Shah |
|
72000 |
|
Pravin Pranlal Mehta Jointly Ranjanbala
Mehta Jointly Sanjiv Mehta |
|
215250 |
|
Sanjiv Pravin Mehta Jointly Heena Mehta |
|
257000 |
|
Dharmesh Chinubhai Shah Jointly Sangeeta
Shah |
|
243950 |
|
Rajesh Chinubhai Shah Jointly Minal Shah |
|
243950 |
|
Ranjanbala Pravin Mehta Jointly Pravin P.
Mehta Jointly Sanjiv P. Mehta |
|
80000 |
|
Heena Sanjiv Mehta Jointly Sanjiv P. Mehta |
|
143500 |
|
Pravin P. Mehta HUF through its Karta Pravin
P. Mehta |
|
10000 |
|
Ranjanbala P. Mehta Jointly Pravin P. Mehta |
|
11750 |
|
Chinubhai H. Shah Jointly Manjula C. Shah |
|
85600 |
|
Total |
|
1435000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is involved in
the trading, distribution and supplying of boiler quality plates, mild steel
plates, alloy steel plates, hot-rolled coils and non-alloy steels. |
|
|
|
|
Products : |
· Ferrous and Non - Ferrous Metal · Boiler Quality Plates · High Tensile Steel Plate · Alloy Steel Plate · Mild Steel Products ·
HR Coils |
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Exports : |
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Products : |
Finished goods |
|
Countries : |
Dubai |
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Imports : |
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Products : |
Finished goods |
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Countries : |
·
Ukraine ·
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
75 (Approximetly) |
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Bankers : |
·
Central Bank of India and 3 Others, Corporate
Finance Branch, 1st Floor, M.M.O Building, M G Road, Fort, Mumbai
– 400 023, Maharashtra, India ·
Bank of Baroda ·
State Bank of India ·
Union Bank of India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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|
Name : |
H.M. Mody and Company Chartered Accountant |
|
Address : |
12, Indus Court, A Road, Churchgate, Mumbai – 400 020, Maharashtra,
India |
|
Tel. No.: |
91-22-22046924 |
|
Fax No.: |
91-22-22873255 |
|
PAN No.: |
AGBPM4701B |
|
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Subsidiaries : |
Shah Brothers
Ispat FZE |
|
|
|
|
Other Related Parties : |
·
Peacefort Chem-Ind. Engg. ·
New Excelsior Theatre Private Limited ·
Meshco Steels |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1435000 |
Equity Shares |
Rs. 10/-
each |
Rs. 14.350
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 |
|
14.350 |
14.350 |
|
(b) Reserves &
Surplus |
|
1258.412 |
1200.815 |
|
(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) |
|
1272.762 |
1215.165 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
86.251 |
46.152 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
3.896 |
3.223 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
90.147 |
49.375 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
291.546 |
240.990 |
|
(b) Trade payables |
|
2892.187 |
3115.010 |
|
(c) Other current
liabilities |
|
29.503 |
282.687 |
|
(d) Short-term provisions |
|
0.446 |
89.797 |
|
Total Current Liabilities
(4) |
|
3213.682 |
3728.484 |
|
|
|
|
|
|
TOTAL |
|
4576.591 |
4993.024 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
475.536 |
409.503 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
51.050 |
1.660 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
1.987 |
1.987 |
|
(c) Deferred tax assets (net) |
|
16.944 |
25.686 |
|
(d) Long-term Loan and Advances |
|
30.350 |
65.107 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
575.867 |
503.943 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1194.413 |
1938.672 |
|
(c) Trade receivables |
|
2078.128 |
1896.753 |
|
(d) Cash and cash
equivalents |
|
465.203 |
523.356 |
|
(e) Short-term loans and
advances |
|
200.748 |
113.303 |
|
(f) Other current assets |
|
62.232 |
16.997 |
|
Total Current Assets |
|
4000.724 |
4489.081 |
|
|
|
|
|
|
TOTAL |
|
4576.591 |
4993.024 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
634.591 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
643.591 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
261.564 |
|
|
2] Unsecured Loans |
|
|
187.500 |
|
|
TOTAL BORROWING |
|
|
449.064 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.472 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1094.127 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
295.945 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1241.357
|
|
|
Sundry Debtors |
|
|
2291.042
|
|
|
Cash & Bank Balances |
|
|
603.147
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
386.334
|
|
Total
Current Assets |
|
|
4521.880 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
3152.059 |
|
|
Other Current Liabilities |
|
|
407.836
|
|
|
Provisions |
|
|
163.803
|
|
Total
Current Liabilities |
|
|
3723.698
|
|
|
Net Current Assets |
|
|
798.182
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1094.127 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
7851.491 |
|
|
|
Other Income |
NA |
NA |
334.609 |
|
|
|
TOTAL (A) |
NA |
NA |
8186.100 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of sales |
|
|
7442.329 |
|
|
|
Administration and other expenses |
|
|
189.477 |
|
|
|
Preliminary expenses written off |
|
|
0.036 |
|
|
|
Increase / decrease in stock |
|
|
178.956 |
|
|
|
TOTAL (B) |
NA |
NA |
7810.798 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
375.302 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
109.022 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
266.280 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
6.518 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
NA |
259.762 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
40.074 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
NA |
219.688 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.000 |
108.786 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
NA |
4485.168 |
3417.863 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
NA |
244.10 |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximetly) |
|
673.000 |
580.000 |
|
|
|
|
|
The above information has been parted by Mr. Atmaram ( Account
Executive)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
NA |
2.68 |
2.68
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
3.31 |
3.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
5.23 |
5.39
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.21 |
0.40
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.30 |
0.24 |
0.70
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.20 |
1.21
|
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 |
14.350 |
14.350 |
|
Reserves & Surplus |
1200.815 |
1258.412 |
|
Net worth |
1215.165 |
1272.762 |
|
|
|
|
|
long-term borrowings |
46.152 |
86.251 |
|
Short term borrowings |
240.990 |
291.546 |
|
Total borrowings |
287.142 |
377.797 |
|
Debt/Equity ratio |
0.236 |
0.297 |
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 Five 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 |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct of
the banking account |
---------------------- |
|
26] |
Buyer visit
details |
----------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
UNSECURED LOANS:
|
Particular |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
Long Term Borrowing |
|
|
|
Rupe term loans
from others |
74.571 |
35.831 |
|
Other loans and
Advances |
10.000 |
10.000 |
|
Total |
84.571 |
45.831 |
INDEX CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10364746 |
18/06/2012 |
120,000,000.00 |
Central Bank of India |
CORPORATE FINANCE BRANCH, 1ST FLOOR, MMO BUILDING, M. G. ROAD, MUMBAI, MAHARASHTRA - 400023, INDIA |
B43296375 |
|
2 |
10364745 |
18/06/2012 |
226,000,000.00 |
Central Bank of India |
CORPORATE FINANCE BRANCH, 1ST FLOOR, MMO BUILDING, M. G. ROAD, MUMBAI, MAHARASHTRA - 400023, INDIA |
B43296045 |
|
3 |
10321501 |
24/10/2011 |
700,000,000.00 |
State Bank of India |
COMMERCIAL BRANCH,1548/A, SADASHIV PETH,TILAK ROAD, PUNE, MAHARASHTRA - 411030, INDIA |
B27083369 |
|
4 |
10134345 |
24/11/2008 |
300,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BRANCH,, MMO. BUILDING,1ST FLOO |
A53083986 |
|
5 |
10054510 |
18/04/2007 |
150,000,000.00 |
UNION BANK OF INDIA |
VEER NARIMAN ROAD
BRANCH, RAJ MAHAL, VEER NARIMAN ROAD, CHURCHGATE, MUMBAI, MAHARASHTRA -
400020, |
A16339202 |
|
6 |
10048052 |
20/03/2007 |
500,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BR, CENTRAL BANK BUILDING, FORT, |
A13088869 |
|
7 |
10110101 |
03/11/2006 |
143,000,000.00 |
BANK OF BARODA |
CUFFE PARADE BRANCH,
G. D. SOMANI SCHOOL BUILDING, |
A09042284 |
|
8 |
10008546 |
16/03/2012 * |
5,196,400,000.00 |
Central Bank of India & 3 Others |
CORPORATE FINANCE BRANCH, 1ST FLOOR, MMO BUILDING, M. G. ROAD, MUMBAI, MAHARASHTRA - 400023, INDIA |
B42069112 |
|
9 |
80007073 |
04/04/2012 * |
5,196,400,000.00 |
Central Bank of India & 3 Others |
CORPORATE FINANCE BRANCH, 1ST FLOOR, MMO BUILDING, M. G. ROAD, MUMBAI, MAHARASHTRA - 400023, INDIA |
B42068221 |
|
10 |
10006349 |
29/05/2006 |
674,400,000.00 |
UNION BANK OF INDIA LIMITED |
MAHARASHTRA, INDIA |
A01341924 |
Note :
The Registered office of the company has been
shifted 406 Giriraj, S T Road, Mumbai – 400009 Maharashtra, India to the
present address w.e.f. 23.03.2012
FIXED ASSETS:
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Aircrafts Helicopters
·
Office Equipment
·
Computer 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. 60.00 |
|
|
1 |
Rs. 102.18 |
|
Euro |
1 |
Rs. 80.67 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
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 |
|
43 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.