MIRA INFORM REPORT
|
Report Date : |
16.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME
HEATREATERS PRIVATE LIMITED SUPREME SPECIAL STEELS
[A DIVISION OF SUPREME HEATREATERS PRIVATE LIMITED] |
|
|
|
|
Registered
Office : |
R 223, MI DC Complex, Thane, Belapur Road, Rabale, Navi Mumbai –
400701, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.04.1987 |
|
|
|
|
Com. Reg. No.: |
11-043205 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1987PTC043205 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMS21784A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Steel Products. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company possesses a modest financial profile marked by adequate
networth base along with augmenting payables, and huge inventory holding period
which has resulted into high gearing during FY13. Management has seen an increase in its sales volume and has reported a
minimal profit as against a previous year loss. Trade relation seems to be fair. Business is active. Payment terms are
reported as slow. In view of gradual improvement, the subject can be considered for
business dealings with great 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 |
|
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.2,453.2 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating B+ (Suspended) |
|
Rating Explanation |
Risk prone quality and high risk of default.
|
|
Date |
May 16, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
May 16, 2014 |
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. Diwakar Mishra |
|
Designation : |
Export, Import Manager |
|
Contact No.: |
91-9820901526 |
|
Date : |
14.06.2014 |
LOCATIONS
|
Registered Office : |
R 223, MIDC Complex, Thane, Belapur Road, Rabale, Navi Mumbai –
400701, Maharashtra, India |
|
Tel. No. : |
91-22-27692232 / 61774700 |
|
Mobile No. : |
91-9820901526 (Mr. Diwakar Mishra) |
|
Fax No. : |
91-22-61774700 / 27690341 / 27691594 |
|
E-Mail : |
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|
Website : |
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|
Location: |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory 1 : |
Village Vihar Opposite Khopoli Railway Station Khapoli Tal. Kholapur Dist.
Raigad – 410203, Maharashtra, India |
|
Tel. No. : |
91-2192-645411 |
|
Fax No. : |
91-2192-267867 |
DIRECTORS
As on 29.09.2013
|
Name : |
Mr. Sanjay Rajan Chowdhri |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Bungalow No. 9, Divya Sapnaches, G P Gidwani Road, Chembur,
Mumbai-400604, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.03.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. E. |
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|
Date of Appointment : |
20.04.1987 |
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|
DIN No.: |
00095990 |
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|
Other Directorship :
|
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|
Name : |
Mrs. Lalita Sanjay Chodhari |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Bungalow No. 9, Divya Sapnaches, G P Gidwani Road, Chembur, Mumbai
-400604, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.03.1964 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Com. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.04.1987 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00096419 |
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|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Diwakar Mishra |
|
Designation : |
Export, Import Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2013
|
Names of Shareholders (Equity Shareholders) |
No. of Shares |
|
Rattan Prakash Chowdhri |
9000 |
|
Rattan Prakash Chowdhri (HUF) |
5000 |
|
Sanjay Rajan Chowdhri |
108000 |
|
Sanjay Rajan Chowdhri (HUF) |
28000 |
|
Lalita S. Chowdheri |
20000 |
|
Sumitra S. Chowdheri |
10000 |
|
Abhinav S. Chowdhri |
10000 |
|
Pranav S. Chowdhri |
10000 |
|
|
|
|
Total |
200000 |
|
Names of Shareholders (Preference Shareholders) |
No. of Shares |
|
Lalita Sanjay Chowdhri |
15000 |
|
Rattan Prakash Chowdhri (HUF) |
10000 |
|
Sanjay Rajan Chowdhri (HUF) |
75000 |
|
|
|
|
Total |
100000 |
As on 29.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Steel Products. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Gulf Countries Germany |
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Japan |
|
|
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|
Terms : |
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|
Selling : |
L/C and Credit |
|
|
|
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Bank of India, Thane (West), Maharashtra, India |
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Facilities : |
NOTE: LONG TERM
BORROWINGS The cash credit from bank is secured by against hypothecation of stocks and book debts this has mortgage by deposits of title deeds of the company's immovable properties comprising of land and other structures situated at Rabale, Thane This has been further secured by mortgage of the company's Guest house at Chembur, Mumbai This has been further secured by personal guarantees of Directors of the Company Term loan from Bank of India is taken for khopoli plant and against the same to addition to charge on existing assets. |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bharat Patil and Associates Chartered Accountants |
|
Address : |
Room No. 80, Diva Gaon, B/H Matoshri Building, Sector-9, Airoli, Navi Mumbai – 400708, Maharashtra, India |
|
Mobile No.: |
91-9892303262 / 9757030057 |
|
Email : |
|
|
PAN
No. : |
ARZPP3232F |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
100000 |
Preference Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.30.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
100000 |
Preference Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.30.000
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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
74.644 |
54.890 |
60.007 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.400 |
0.400 |
0.400 |
|
Total
Shareholders’ Funds (1) + (2) |
105.044 |
85.290 |
90.407 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
254.092 |
262.765 |
160.117 |
|
(b) Deferred tax liabilities (Net) |
10.840 |
28.441 |
14.468 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
264.932 |
291.206 |
174.585 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
442.985 |
275.588 |
231.971 |
|
(c) Other current
liabilities |
7.601 |
3.563 |
2.352 |
|
(d) Short-term
provisions |
0.490 |
0.648 |
0.855 |
|
Total Current
Liabilities (4) |
451.076 |
279.799 |
235.178 |
|
|
|
|
|
|
TOTAL |
821.052 |
656.295 |
500.170 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
94.549 |
103.572 |
109.885 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
79.567 |
44.407 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.675 |
4.036 |
3.890 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11.111 |
11.182 |
5.876 |
|
(e) Other Non-current
assets |
16.143 |
24.214 |
24.214 |
|
Total Non-Current
Assets |
211.045 |
187.411 |
143.865 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
311.066 |
254.413 |
251.754 |
|
(c) Trade
receivables |
170.048 |
172.245 |
59.591 |
|
(d) Cash
and cash equivalents |
106.643 |
25.828 |
28.307 |
|
(e)
Short-term loans and advances |
12.206 |
3.851 |
5.035 |
|
(f) Other
current assets |
10.044 |
12.547 |
11.618 |
|
Total
Current Assets |
610.007 |
468.884 |
356.305 |
|
|
|
|
|
|
TOTAL |
821.052 |
656.295 |
500.170 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
579.901 |
521.087 |
433.465 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.832 |
11.107 |
22.866 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(17.031) |
16.223 |
12.758 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
19.863 |
(5.116) |
10.108 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Sales |
2.705 |
13.873 |
16.488 |
|
|
TOTAL EARNINGS |
2.705 |
13.873 |
16.488 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF Value of Import |
33.416 |
114.801 |
123.435 |
|
|
TOTAL IMPORTS |
33.416 |
114.801 |
123.435 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
66.21 |
(17.05) |
33.93 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.49 |
2.13 |
5.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.39 |
1.83 |
4.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.13 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.42 |
3.08 |
1.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.68 |
1.52 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
60.007 |
54.890 |
74.644 |
|
Share Application money
pending allotment |
0.400 |
0.400 |
0.400 |
|
Net
worth |
90.407 |
85.290 |
105.044 |
|
|
|
|
|
|
long-term borrowings |
160.117 |
262.765 |
254.092 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
160.117 |
262.765 |
254.092 |
|
Debt/Equity
ratio |
1.771 |
3.081 |
2.419 |
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 |
433.465 |
521.087 |
579.901 |
|
|
|
20.214 |
11.287 |
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 |
433.465 |
521.087 |
579.901 |
|
Profit |
10.108 |
(5.116) |
19.863 |
|
|
2.33% |
(0.98%) |
3.43% |
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 |
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 |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from directors |
34.949 |
26.460 |
|
Loans from shareholders |
72.034 |
71.060 |
|
Intercorporate deposits and other |
51.498 |
36.565 |
|
|
|
|
|
Total |
158.481 |
134.085 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10396615 |
26/02/2014 * |
400,000,000.00 |
BANK OF INDIA |
SHIVAJI PATH, OPP M H HIGH SCHOOL,THANE-WEST, THANE, Maharashtra -
400601, INDIA |
C03896636 |
|
2 |
10309497 |
11/08/2011 |
100,000,000.00 |
BANK OF INDIA |
THANEMAIN BRANCH, SHIVAJI PATH, OPP M H HIGH SCHOOL, TALAOPALI, THANE WEST,
Maharashtra - 400601, |
B22254775 |
|
3 |
10033717 |
08/12/2006 |
35,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH, SHIVAJI PATH, TALAO PALI, THANE, Maharashtra -
400601, INDIA |
A09421801 |
|
4 |
90151214 |
26/02/2014 * |
500,000,000.00 |
BANK OF INDIA |
SHIVAJI PATH, OPP M.H HIGH SCHOOL,THANE-WEST, THANE, Maharashtra -
400601, INDIA |
C03895109 |
|
5 |
90150836 |
20/10/2000 |
20,000,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATAH, THANE, Maharashtra - |
- |
|
6 |
90150600 |
20/10/2000 * |
5,000,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATAH, THANE, Maharashtra - |
- |
|
7 |
90150585 |
16/07/1998 |
3,000,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATAH, THANE, Maharashtra - |
- |
|
8 |
90150381 |
11/11/9999 * |
10,000,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATAH, THANE, Maharashtra - |
- |
|
9 |
90150379 |
11/11/9999 * |
22,300,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATAH, THANE, Maharashtra - |
- |
|
10 |
90149685 |
11/11/9999 * |
22,300,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATAH, THANE, Maharashtra - |
- |
|
11 |
90151389 |
02/06/1992 |
1,300,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATH, THANE, Maharashtra, INDIA |
- |
|
12 |
90150198 |
24/12/1991 |
700,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATH, THANE, Maharashtra - 400601, INDIA |
- |
|
13 |
90150112 |
08/04/1988 |
125,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATAH, THANE, Maharashtra - |
- |
|
14 |
90150101 |
10/10/1987 |
2,400,000.00 |
BANK OF INDIA |
THANE BRANCH, SHIVAJI PATAH, THANE, Maharashtra - |
- |
* Date of charge modification
FIXED ASSETS
œ Land and Building
œ Plant and Machinery
œ Furniture and Fixture
œ Vehicles
œ Computers
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.59.48 |
|
|
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.