MIRA INFORM REPORT
|
Report Date : |
18.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASSOCIATED POWER STRUCTURES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
905/3, G.I.D.C. Industrial Estate, Makarpura, Vadodara – 390010, |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.05.1996 |
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|
|
|
Com. Reg. No.: |
04-029688 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299GJ1996PTC029688 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDA01392G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA6602N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Lattice Galvanized Towers, Telecom Towers and
Transmissions. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Exist |
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|
|
Comments : |
Subject is an established company having satisfactory track record. Rating is constrained on account of high working capital intensity of
its operation. However, liquidity position of the company is decent. Rating also
takes into consideration established operation in transmission and
distribution industry. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered normal for business dealing at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
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 |
CARE |
|
Rating |
Long Term bank facilities: BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
28.02.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term bank facilities: A4+ |
|
Rating Explanation |
Minimal degree of safety very high credit risk. |
|
Date |
28.02.2014 |
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. Pranav Shah |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-265-2656272/2644789 |
LOCATIONS
|
Registered Office : |
905/3, G.I.D.C. Industrial Estate, Makarpura, Vadodara – 390010, |
|
Tel. No.: |
91-265-2644789 / 2656272 |
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Fax No.: |
91-265-2656272 |
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E-Mail : |
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Website : |
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Factory 1 : |
Block No.31, 7th Mile Stone, Karjan, N.H. No. 8, Village
Manglej, Taluka Karjan, District, Vadodara, Gujarat, India. |
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Tel. No.: |
91-2666-271022 / 20 |
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|
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Factory 2 : |
Block No. 35, Near Modern |
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Tel. No.: |
91-2666-290021 / 20 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ajay Mukund Patel |
|
Designation : |
Director |
|
Address : |
D/2, Sundaram Society, B/H, Vrajdham Haveli, Manjalpur, Vadodara –
390017, |
|
Date of Birth/Age : |
14.10.1962 |
|
Date of Appointment : |
21.05.1996 |
|
DIN No.: |
00366050 |
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|
|
|
Name : |
Mr. Parag Vinodchandra Kothari |
|
Designation : |
Director |
|
Address : |
208/A, Akash Ganga Appartment, Opposite Polo Ground, Near Moti Baug,
Sub-Sta, Vadodara – 390001, Gujarat, India. |
|
Date of Birth/Age : |
22.08.1963 |
|
Date of Appointment : |
21.05.1996 |
|
DIN No.: |
00365764 |
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PAN No.: |
ADBPK9538R |
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|
|
|
Name : |
Mr. Satish Rameshchandra Desai |
|
Designation : |
Director |
|
Address : |
28/B, Chinarwood, B/H, |
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Date of Birth/Age : |
04.06.1963 |
|
Date of Appointment : |
21.05.1996 |
|
DIN No.: |
00366002 |
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PAN No.: |
ABOPD1788P |
KEY EXECUTIVES
|
Name : |
Mr. Pranav Shah |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% Age Holding |
|
Ajay M Patel |
499413 |
19.98 |
|
Satish R Desai |
998825 |
39.95 |
|
Parag V Kothari |
998825 |
39.95 |
|
Smruti Ajay Patel |
587 |
0.02 |
|
Shweta Satish Desai |
1175 |
0.05 |
|
Dipti Parag Kothari |
1175 |
0.05 |
|
Total |
2500000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Lattice Galvanized Towers, Telecom Towers and
Transmissions. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Others (Telecom Industries)
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Shah Mehta and Bakshi Chartered Accountant |
|
Address : |
2nd Floor, Prasanna House, Associated Society, |
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Tel. No.: |
91-265-2331060,2337727,2355435 |
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Fax No.: |
91-265-2343227 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFJ1738M |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
CIN No.: U31100GJ2006PTC047809
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised 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 |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs. 10 each |
Rs.25.000
millions |
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|
|
|
|
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 |
25.000 |
25.000 |
20.000 |
|
(b) Reserves & Surplus |
606.780 |
583.273 |
573.226 |
|
(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) |
631.780 |
608.273 |
593.226 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
75.605 |
51.280 |
41.026 |
|
(b) Deferred tax liabilities
(Net) |
30.300 |
29.298 |
25.889 |
|
(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) |
105.905 |
80.578 |
66.915 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
463.981 |
548.666 |
377.096 |
|
(b) Trade payables |
336.955 |
375.143 |
388.269 |
|
(c) Other current liabilities |
41.994 |
35.971 |
20.612 |
|
(d) Short-term provisions |
23.794 |
32.397 |
41.897 |
|
Total
Current Liabilities (4) |
866.724 |
992.177 |
827.874 |
|
|
|
|
|
|
TOTAL |
1604.409 |
1681.028 |
1488.015 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
321.904 |
302.940 |
301.898 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
92.219 |
10.959 |
5.676 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.150 |
0.150 |
0.150 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.950 |
3.306 |
3.146 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
422.223 |
317.355 |
310.870 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
7.525 |
7.955 |
10.625 |
|
(b) Inventories |
304.651 |
395.761 |
262.182 |
|
(c) Trade receivables |
745.017 |
836.316 |
782.874 |
|
(d) Cash and cash equivalents |
74.449 |
71.927 |
57.153 |
|
(e) Short-term loans and
advances |
8.648 |
23.801 |
33.828 |
|
(f) Other current assets |
41.896 |
27.913 |
30.483 |
|
Total
Current Assets |
1182.186 |
1363.673 |
1177.145 |
|
|
|
|
|
|
TOTAL |
1604.409 |
1681.028 |
1488.015 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Turnover |
2062.860 |
1880.281 |
1416.262 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
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|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
152.135 |
179.423 |
158.415 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
23.507 |
15.047 |
46.062 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.40 |
NA |
NA |
|
Expected Sales (2013-2014): Rs.2750.000 Millions
The above information has been parted by Mr. Pranav Shah (Accounts
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.85
|
0.99 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
1.37 |
1.42 |
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 |
20.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
573.226 |
583.273 |
606.780 |
|
Net
worth |
593.226 |
608.273 |
631.780 |
|
|
|
|
|
|
long-term borrowings |
41.026 |
51.280 |
75.605 |
|
Short term borrowings |
377.096 |
548.666 |
463.981 |
|
Total
borrowings |
418.122 |
599.946 |
539.586 |
|
Debt/Equity
ratio |
0.705 |
0.986 |
0.854 |
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) |
|
Gross Turnover |
1416.262 |
1880.281 |
2062.860 |
|
|
|
32.764 |
9.710 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Gross Turnover |
1416.262 |
1880.281 |
2062.860 |
|
Profit |
46.062 |
15.047 |
23.507 |
|
|
3.25% |
0.80% |
1.14% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION DETAILS
HIGH COURT OF GUJARAT
CIVIL APPLICATION (FOR ORDERS) No. 872 of 2014
In SPECIAL CIVIL APPLICATION / 12774 / 2000 (PENDING)
|
Status : PENDING
|
( Converted from : C/CAST/657/2014 ) |
CCIN No : 001003201400872 |
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S.NO. |
Name of the Petitioner |
Advocate On Record |
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1 |
DINESH MILL LIMITED |
NANAVATI ASSOCIATES for: Petitioner(s) |
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S.NO. |
Name of the Respondant |
Advocate On Record |
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|
1 |
FEDERATION OF INDUSTRIES GUJARAT CHAMBER OF COMMERCE |
MR RITURAJ M MEENA for :Respondent(s) |
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Presented On |
: 23/01/2014 |
Registered On |
: 28/01/2014 |
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Bench Category |
: - |
District |
: VADODARA |
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Case Originated From |
: THROUGH ADVOCATE |
Listed |
: 9 times |
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StageName |
: FOR REGULAR ADMISSION |
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Classification |
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Act |
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Office
Details
|
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S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|
1 |
23/01/2014 |
APPEARANCE NOTE |
NANAVATI ASSOCIATES ADVOCATE |
0 |
NANAVATI ASSOCIATES(1375) for P:1 |
|
2 |
23/01/2014 |
MEMO OF APPEAL/PETITION/SUIT |
NANAVATI ASSOCIATES ADVOCATE |
20 |
NANAVATI ASSOCIATES(1375), for P:1 |
Court
Proceedings
|
|||||
|
S. No. |
Notified Date |
CourtCode |
Board Sr. No. |
Stage |
Action |
Coram |
|
1 |
13/02/2014 |
1 |
6- |
FOR REGULAR ADMISSION |
NEXT DATE |
· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
|
2 |
14/02/2014 |
1 |
48 |
FOR REGULAR ADMISSION |
NEXT DATE |
· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
|
3 |
21/02/2014 |
1 |
23 |
FOR REGULAR ADMISSION |
NEXT DATE |
· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
|
4 |
28/02/2014 |
1 |
47 |
FOR REGULAR ADMISSION |
NEXT DATE |
· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
|
5 |
06/03/2014 |
1 |
80 |
FOR REGULAR ADMISSION |
NEXT DATE |
· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
|
6 |
07/03/2014 |
1 |
13 |
FOR REGULAR ADMISSION |
NEXT DATE |
· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
|
7 |
13/03/2014 |
1 |
111 |
FOR REGULAR ADMISSION |
NEXT DATE |
· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
|
8 |
14/03/2014 |
1 |
99 |
FOR REGULAR ADMISSION |
NEXT DATE |
· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
|
9 |
21/03/2014 |
1 |
46 |
FOR REGULAR ADMISSION |
NEXT DATE |
· HONOURABLE THE CHIEF JUSTICE MR. BHASKAR BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
|
10 |
04/04/2014 |
1 |
- |
FOR REGULAR ADMISSION |
·
HONOURABLE THE CHIEF JUSTICE MR. BHASKAR
BHATTACHARYA · HONOURABLE MR.JUSTICE J.B.PARDIWALA |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Deposits from directors |
50.000 |
50.000 |
|
Total |
50.000 |
50.000 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10474876 |
21/01/2014 |
1,321,113.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR OPP
SAMARTHESHWAR TEMPLE, LAW G |
B95202735 |
|
2 |
10466378 |
29/10/2013 |
619,487.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAW G |
B92038694 |
|
3 |
10431694 |
25/05/2013 |
530,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAW G |
B77355766 |
|
4 |
10418099 |
16/02/2013 |
522,000.00 |
AXIS BANK LIMITED |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAW G |
B72692486 |
|
5 |
10272346 |
15/02/2013 * |
1,186,000,000.00 |
STAE BANK OF INDIA |
MID CORPORATE GROUP
INDUSTRIAL FINANCE BRANCH, MA |
B68990886 |
|
6 |
10212125 |
18/03/2010 |
573,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, VARDHAMAN
COMPLEX, BESIDES PIZZA HUT, |
A83038380 |
|
7 |
10206883 |
13/02/2010 |
1,100,000.00 |
AXIS BANK LIMITED |
2ND FLOOR,
VARDHAMAN COMPLEX, BESIDES PIZZA HUT, |
A81064172 |
|
8 |
10191284 |
27/11/2009 |
1,275,000.00 |
AXIS BANK LIMITED |
2ND FLOOR,
VARDHAMAN COMPLEX, BESIDES PIZZA HUT, |
A75671248 |
|
9 |
10148664 |
12/03/2009 |
490,000.00 |
AXIS BANK |
2ND FLOOR,
VARDHAMAN COMLEX, NEAR PIZZA HUT, RAC |
A59238915 |
|
10 |
10080325 |
18/03/2009 * |
990,700,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE COURSE ROAD, VADODARA, GUJARAT - 390007, INDIA |
A60076221 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Office Building
- Factory Building
- Plant and Equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other 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.60.37 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--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 |
|
42 |
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.