MIRA INFORM REPORT
|
Report Date : |
09.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAINT-GOBAIN GYPROC INDIA LIMITED (w.e.f.03.11.2008) |
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Formerly Known
As : |
INDIA GYPSUM LIMITED |
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Registered
Office : |
Sigapi Aachi Building, Floor No 7, 18/3, Rukmini
Lakshmipathy Road, Egmore, Chennai – 600008, Tamilnadu |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
05.02.1985 |
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|
|
|
Com. Reg. No.: |
18-095752 (New) 11-165329 (Old) |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.277.667
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26945TN1985PLC095752 (New) U26945MH1985PLC165329 (Old) |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMI05795G |
|
|
|
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PAN No.: [Permanent Account No.] |
AAACI0687E |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in the manufacture of Gypsum Boards
and Gypsum Based Accessories, besides trading in certain goods, which are
used in tandem with the manufactured goods. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (63) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 12230000 |
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|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having a fine track record. Financial position of the company is sound and healthy. Trade relations are reported as fair. Business is active. Payment
terms are regular and as per commitments. The company can be considered good 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 DENIED
Management Non-Cooperative (Tel No.: 91-22-40212121)
LOCATIONS
|
Registered Office/ Plants 1 : |
Sigapi Aachi Building, Floor No 7, 18/3, Rukmini
Lakshmipathy Road, Egmore, Chennai – 600008, Tamilnadu |
|
Tel No. : |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Corporate Office : |
5th Level, Leela Business Park, Andheri Kurla Road, Andheri (East), Mumbai – 400059, Maharashtra,
India |
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Tel No. : |
91-22-40212121 |
|
Fax No. : |
91-22-40212392 |
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|
|
|
Plants 2 : |
Plot No 10-17, KIADB Industrial Area,
Haraohalli (V) and (P) Kanakapura, (TQ), |
|
Tel No. : |
91-80-27563370 |
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|
|
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Plants 3 : |
Post Box No. 22, Near Jind Railway
Junction, Jind – 126102, Haryana, India |
|
Tel No. : |
91-1681-226297 |
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|
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|
Regional Sales Offices : |
Located at:
|
DIRECTORS
As on 28.10.2013
|
Name : |
Mr. Subramanian Venkataraman |
|
Designation : |
Managing director |
|
Address : |
3 B/151, Kalpataru Estate, Jogeshwari Vikhroli Link Road, Andheri [East],
Mumbai – 400093, Maharashtra, India |
|
Date of Birth/Age : |
20.11.1960 |
|
Qualification : |
BE |
|
Experience : |
30 Years |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00139543 |
|
|
|
|
Name : |
Mr. Anand Yashavant Mahajan |
|
Designation : |
Director |
|
Address : |
Fiona, 3rd Floor, 176, Juhu, Tara Road, Mumbai - 400049,
Maharashtra, India |
|
Date of Birth/Age : |
03.01.1953 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
27.03.2006 |
|
Voter ID No.: |
MT/08/038/375155 |
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DIN No.: |
00066320 |
|
|
|
|
Name : |
Mr. Joseph Andrew Jude Pereira |
|
Designation : |
Director |
|
Address : |
No. 8, Coral Reef, 55, Chimbai Road, Bandra, Mumbai – 400050,
Maharashtra, India |
|
Date of Birth/Age : |
29.11.1948 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
16.12.2009 |
|
DIN No.: |
00130239 |
|
|
|
|
Name : |
Mr. David Anderson |
|
Designation : |
Director |
|
Address : |
Beech Close Farm, The Green, Car Colston, Nottingham, NG138JE, United
Kingdom |
|
Date of Birth/Age : |
17.09.1955 |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
02742761 |
KEY EXECUTIVES
|
Name : |
Phani Kumar A |
|
Designation : |
Secretary |
|
Address : |
Flat No. 62, Tower IC, Kalpataru Estate, JV Link Road, Andheri [East],
Mumbai – 400093, Maharashtra, India |
|
Date of Birth/Age : |
16.06.1963 |
|
Date of Appointment : |
05.04.2012 |
|
PAN No.: |
ACDPA8017G |
|
|
|
|
Name : |
Mr. Mitesh |
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Designation : |
Credit Control Department |
MAJOR SHAREHOLDERS
As on 28.10.2013
|
Names of Shareholders |
|
No. of Shares |
|
BPB India Limited |
|
9234 |
|
BPB India Limited jointly with Anand Mahajan |
|
1 |
|
BPB India Limited jointly with Venkatraman Subramaniam |
|
1 |
|
BPB India Limited jointly with Phani Kumar |
|
1 |
|
BPB India Limited jointly with Shekhar Kulkarni |
|
1 |
|
Hela Holdings Private Limited, India |
|
1 |
|
Anuja Sheth |
|
15 |
|
MSPL Limited, India |
|
1 |
|
Total |
|
9255 |
Equity Share Break up (Percentage of Total Equity)
As on 28.10.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.81 |
|
Bodies corporate |
0.02 |
|
Other top fifty shareholders |
0.17 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the manufacture of Gypsum Boards
and Gypsum Based Accessories, besides trading in certain goods, which are
used in tandem with the manufactured goods. |
||||
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Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
Calyon Bank, 168 Robinson Road, # 22-01, Capital Tower,
Singapore - 068912, Singapore |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Lovelock and
Lewes, 252, Veer Savarkar Marg, Shivaji Park, Dadar (West), Mumbai – 400028,
Maharashtra, India |
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PAN No.: |
AAEFP5579P |
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Holding Companies : |
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Fellow
Subsidiary Companies : |
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Companies
under common control : |
CIN No.: U29256KA2005PLC036090
|
CAPITAL STRUCTURE
As on 28.10.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.30000/- each |
Rs.750.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9255 |
Equity Shares |
Rs.30000/- each |
Rs.277.650
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 |
277.650 |
277.650 |
277.667 |
|
(b) Reserves & Surplus |
2,779.600 |
2,427.500 |
2264.333 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
3,057.250 |
2,705.150 |
2542.000 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
59.000 |
282.100 |
528.500 |
|
(b) Deferred tax liabilities (Net) |
402.000 |
378.800 |
306.000 |
|
(c) Other long term
liabilities |
68.950 |
52.450 |
30.800 |
|
(d) long-term provisions |
64.400 |
58.000 |
35.600 |
|
Total Non-current
Liabilities (3) |
594.350 |
771.350 |
900.900 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
39.000 |
55.100 |
|
(b) Trade
payables |
685.200 |
491.700 |
520.200 |
|
(c) Other
current liabilities |
465.700 |
444.700 |
651.400 |
|
(d) Short-term
provisions |
12.800 |
10.900 |
9.400 |
|
Total Current
Liabilities (4) |
1,163.700 |
986.300 |
1236.100 |
|
|
|
|
|
|
TOTAL |
4,815.300 |
4,462.800 |
4679.000 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2,927.500 |
3,046.800 |
3216.500 |
|
(ii)
Intangible Assets |
3.100 |
2.700 |
1.400 |
|
(iii)
Capital work-in-progress |
40.400 |
60.300 |
37.100 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
14.800 |
25.000 |
25.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
115.500 |
107.700 |
95.500 |
|
(e) Other
Non-current assets |
0.400 |
114.500 |
97.200 |
|
Total Non-Current
Assets |
3,101.700 |
3,357.000 |
3472.700 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
608.400 |
0.000 |
0.000 |
|
(b)
Inventories |
526.900 |
496.000 |
527.100 |
|
(c) Trade
receivables |
285.600 |
249.400 |
232.800 |
|
(d) Cash
and cash equivalents |
92.400 |
92.000 |
91.600 |
|
(e)
Short-term loans and advances |
198.600 |
264.600 |
298.700 |
|
(f) Other
current assets |
1.700 |
3.800 |
56.100 |
|
Total
Current Assets |
1,713.600 |
1,105.800 |
1206.300 |
|
|
|
|
|
|
TOTAL |
4,815.300 |
4,462.800 |
4679.000 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
5,557.300 |
4,282.200 |
3,601.700 |
|
|
|
|
Other Income |
29.700 |
8.000 |
22.100 |
|
|
|
|
TOTAL (A) |
5,587.000 |
4,290.200 |
3,623.800 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
1,534.300 |
1,041.300 |
837.600 |
|
|
|
|
Purchase of Stock-in-trade |
1,068.600 |
924.800 |
954.500 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(10.100) |
62.000 |
(71.700) |
|
|
|
|
Employee Benefits Expenses |
385.100 |
299.500 |
317.900 |
|
|
|
|
Other Expenses |
1,809.000 |
1,448.100 |
1,084.200 |
|
|
|
|
TOTAL (B) |
4,786.900 |
3,775.700 |
3,122.500 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
800.100 |
514.500 |
501.300 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
40.400 |
79.700 |
101.700 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
759.700 |
434.800 |
399.600 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
201.800 |
198.800 |
198.800 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
557.900 |
236.000 |
200.800 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
205.800 |
72.800 |
63.500 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
352.100 |
163.200 |
137.300 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
992.995 |
829.795 |
692.495 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED TO
THE B/S |
1275.095 |
992.995 |
829.795 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
0.000 |
1.800 |
3.200 |
|
|
|
|
Raw Materials |
722.700 |
511.400 |
314.000 |
|
|
|
|
Stores & Spares |
1.600 |
2.700 |
1.800 |
|
|
|
|
Bought out Material |
150.500 |
187.200 |
214.600 |
|
|
|
TOTAL IMPORTS |
874.800 |
703.100 |
533.600 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
38046.00 |
17638.00 |
14833.00 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.30 |
3.80 |
3.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.04 |
5.51 |
5.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.72 |
5.39 |
4.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.09 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02 |
0.12 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
1.12 |
0.98 |
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 |
277.667 |
277.650 |
277.650 |
|
Reserves & Surplus |
2264.333 |
2427.500 |
2779.600 |
|
Net
worth |
2542.000 |
2705.150 |
3057.250 |
|
|
|
|
|
|
long-term borrowings |
528.500 |
282.100 |
59.000 |
|
Short term borrowings |
55.100 |
39.000 |
0.000 |
|
Total
borrowings |
583.600 |
321.100 |
59.000 |
|
Debt/Equity
ratio |
0.230 |
0.119 |
0.019 |
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 |
3,601.700 |
4,282.200 |
5,557.300 |
|
|
|
18.894 |
29.777 |
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
|
3,601.700 |
4,282.200 |
5,557.300 |
|
Profit |
137.300 |
163.200 |
352.100 |
|
|
3.81% |
3.81% |
6.34% |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Deferred payment liabilities |
36.600 |
36.600 |
|
Short Term Borrowings |
|
|
|
Other loans and advances, others |
0.000 |
39.000 |
|
Total |
36.600 |
75.600 |
CORPORATE INFORMATION
The company is engaged in the manufacture of Gypsum Boards and Gypsum Based Accessories, besides trading in certain goods, which are used in tandem with the manufactured goods. The company has manufacturing plants in India and sells primarily in India through independent retailers. The entire operations are governed by the same set of risk and returns. Hence, the operations have been considered as representing a single segment. The said treatment is in accordance with the guiding principles enunciated in the Accounting Standard on Segment Reporting (AS-17).
OPERATIONS
During the year, despite challenging macroeconomic environment, the
company was able to deliver improved performance mainly contributed by higher
plasterboard volumes. The growth was facilitated by the company’s continued
efforts in developing / penetrating new market segment supported by sharp
depreciation of Indian currency.
During the year, the Government of India imposed Anti-dumping duty on
dumped imports from Republic of China, Indonesia, Thailand and UAE, valid for a
period of five years, to create a level playing field in Indian plasterboard
market. The company is conscious of the developments that may be taking place
due to low priced and dumped imports into the country from other sources as
well.
Higher cost pressure witnessed during the year mainly due to sharp
depreciation of Indian currency elevating the cost of all the major imported
inputs along with present higher inflationary condition and increase in energy
prices. However, the profitability of the company has shown improvement with
continued focus on improving efficiencies and productivity improvements in
various operational areas.
In order to strengthen the internal controls and to improve process
efficiencies, the Company initiated implementation of new ERP SAP ECC 6.0
System during the year. The system went operational effective 1st April, 2013.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10169226 |
22/06/2009 |
250,000,000.00 |
Corporation Bank |
Mumbai - IFB,
Bharath House, Ground Floor,, 104 Bombay Samachar Marg, Mumbai, Maharashtra -
400001 |
A66925926 |
|
2 |
10086613 |
07/02/2008 |
450,000,000.00 |
Standard Chartered Bank |
1, Aldermanbury Square, London, - EC2V75B, United Kingdom |
A31955982 |
|
3 |
10018974 |
28/09/2007 * |
1,014,201,233.00 |
BNP PARIBAS |
20, Collyer Quay #01-01, Tung Centre, Singapore - 049319, |
A26005900 |
|
4 |
90048540 |
27/06/2001 |
103,000,000.00 |
State Bank of Hyderabad |
Suryakiran Building, Kgm, Delhi - 110049, India |
- |
|
5 |
90045794 |
01/06/2001 * |
3,600,000.00 |
State Bank o f India |
South Extension Part I, Delhi - 110049, India |
- |
|
6 |
90059972 |
15/12/1990 |
3,000,000.00 |
State Bank of Hyderabad |
K. G. Marg, New Delhi, India |
- |
|
7 |
90059959 |
23/11/1990 |
50,000.00 |
Governor of Haryana |
Haryana, Haryana, Haryana, India |
- |
|
8 |
90059640 |
29/04/1992 * |
5,000,000.00 |
State Bank of Hyderabad |
Surya Kiran Building, Kasturba Gandhi Marg, New Delhi, Delhi - 110001, India |
- |
|
9 |
90059585 |
24/06/1991 * |
15,000,000.00 |
State Bank of Hyderabad |
Surya Kiran
Building, 19; K. G. Marg, New Delhi, |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.59.20 |
|
|
1 |
Rs.99.52 |
|
Euro |
1 |
Rs.80.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
8 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
63 |
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.