MIRA INFORM REPORT
|
Report Date : |
25.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
CENTRIC STEEL LIMITED [w.e.f. 14.05.2007] |
|
|
|
|
Formerly Known
As : |
CENTRIC IRON AND STEEL INDUSTRIES LIMITED [w.e.f. 07.02.2007] CENTRIC IRON AND STEEL INDUSTRIES PRIVATE LIMITED [w.e.f. 27.12.2006] BASUDEV SCARVES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
43, Sardar Pratap Singh Industrial Estate, No. 3, LBS Marg, Bhandup
(West), Mumbai-400078, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.02.1986 |
|
|
|
|
Com. Reg. No.: |
11-038866 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.339
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1986PLC038866 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC07403E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB3566C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Precision ERW Tubes and Pipes. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 275000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability of the company seems to be low during 2013. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based limits : BB- |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
August 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term Non-fund based limits : A4 (Withdrawn) |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
August 2013 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Sajjan |
|
Designation : |
Manager |
|
Contact No.: |
91-9820055923 |
|
Date : |
24.06.2014 |
LOCATIONS
|
Registered Office : |
43, Sardar Pratap Singh Industrial Estate, No. 3, LBS Marg, Bhandup
(West), Mumbai-400078, Maharashtra, India |
|
Tel. No.: |
91-22-25668527/25669803 |
|
Mobile No.: |
91-9820055923 (Mr. Sajjan) |
|
Fax No.: |
91-22-25663058 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
T-24, MIDC Industrial Area, Taloja, District Raigad-410208,
Maharashtra, India |
|
Tel. No.: |
91-22-27411981 |
DIRECTORS
As on : 30.09.2013
|
Name : |
Mrs. Rithu Niraj Kochhar |
|
Designation : |
Director |
|
Address : |
43, Sardar Pratap Singh Industrial Estate, No. 3, LBS Marg, Bhandup
(West), Mumbai-400078, Maharashtra, India
|
|
Date of Birth/Age : |
06.10.1961 |
|
Date of Appointment : |
14.05.2007 |
|
DIN No.: |
01147486 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27109MH1990PTC055744 |
VEDIK
ALLOYS PRIVATE LIMITED |
Director |
09-03-90 |
09-03-90 |
- |
Active |
NO |
|
2 |
U99999MH1973PTC016924 |
S V
STEEL AND ALLOYS PVT LTD |
Director |
26-03-90 |
26-03-90 |
06-02-12 |
Active |
NO |
|
3 |
U51900MH1992PTC065650 |
GOLD STAR
AGENCIES PVT LTD |
Director |
28-02-92 |
28-02-92 |
23-03-12 |
Active |
NO |
|
4 |
U28920MH1983PTC029260 |
LEO
CODED VESSELS PVT LTD |
Director |
06-08-92 |
06-08-92 |
- |
Active |
NO |
|
5 |
U29230MH1997PTC111019 |
PRECISION
METAL PROCESS EQUIPMENTS PRIVATE LIMITED |
Director |
01-10-97 |
01-10-97 |
23-03-12 |
Active |
NO |
|
6 |
U24110MH1999PTC119961 |
ENERTECH
ADDITIVES PRIVATE LIMITED |
Director |
20-05-99 |
20-05-99 |
12-03-12 |
Active |
NO |
|
7 |
U99999MH1986PLC038866 |
CENTRIC
STEEL LIMITED |
Director |
14-05-07 |
14-05-07 |
- |
Active |
NO |
|
8 |
U27104MH2003PLC141873 |
FLAT
COATERS INDIA LIMITED |
Director |
29-09-09 |
03-11-08 |
- |
Active |
NO |
|
9 |
U29300MH1995PLC092969 |
GOLD
STAR POLY WEAVE LIMITED |
Director |
01-12-10 |
01-12-10 |
- |
Active |
NO |
|
Name : |
Mr. Niraj Vishwanath Kochhar |
|
Designation : |
Director |
|
Address : |
43, Sardar Pratap Singh Industrial Estate, No. 3, LBS Marg, Bhandup
(West), Mumbai-400078, Maharashtra, India
|
|
Date of Birth/Age : |
15.08.1957 |
|
Date of Appointment : |
14.05.2007 |
|
DIN No.: |
01727348 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27109MH1990PTC055744 |
VEDIK
ALLOYS PRIVATE LIMITED |
Director |
09-03-90 |
09-03-90 |
- |
Active |
NO |
|
2 |
U51420MH1990PTC055410 |
NIRAJ
METAL AND ALLOYS PRIVATE LIMITED |
Director |
26-02-91 |
26-02-91 |
- |
Active |
NO |
|
3 |
U51900MH1992PTC065650 |
GOLD STAR
AGENCIES PVT LTD |
Director |
28-02-92 |
28-02-92 |
23-03-12 |
Active |
NO |
|
4 |
U28920MH1983PTC029260 |
LEO
CODED VESSELS PVT LTD |
Director |
06-08-92 |
06-08-92 |
- |
Active |
NO |
|
5 |
U29230MH1997PTC111019 |
PRECISION
METAL PROCESS EQUIPMENTS PRIVATE LIMITED |
Director |
01-10-97 |
01-10-97 |
23-03-12 |
Active |
NO |
|
6 |
U24110MH1999PTC119961 |
ENERTECH
ADDITIVES PRIVATE LIMITED |
Director |
20-05-99 |
20-05-99 |
22-03-12 |
Active |
NO |
|
7 |
U99999MH1973PTC016924 |
S V
STEEL AND ALLOYS PVT LTD |
Director |
25-08-03 |
25-08-03 |
- |
Active |
NO |
|
8 |
U99999MH1986PLC038866 |
CENTRIC
STEEL LIMITED |
Director |
14-05-07 |
14-05-07 |
- |
Active |
NO |
|
9 |
U29300MH1995PLC092969 |
GOLD
STAR POLY WEAVE LIMITED |
Director |
01-12-10 |
01-12-10 |
- |
Active |
NO |
|
Name : |
Mr. Adhish Niraj Kochhar |
|
Designation : |
Director |
|
Address : |
43, Sardar Pratap Singh Industrial Estate, No. 3, LBS Marg, Bhandup
(West), Mumbai-400078, Maharashtra, India
|
|
Date of Birth/Age : |
19.10.1982 |
|
Date of Appointment : |
14.05.2007 |
|
DIN No.: |
01727646 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24110MH1999PTC119961 |
ENERTECH
ADDITIVES PRIVATE LIMITED |
Director |
28-02-02 |
28-02-02 |
12-03-12 |
Active |
NO |
|
2 |
U28920MH1983PTC029260 |
LEO CODED
VESSELS PVT LTD |
Director |
28-02-02 |
28-02-02 |
- |
Active |
NO |
|
3 |
U51420MH1990PTC055410 |
NIRAJ
METAL AND ALLOYS PRIVATE LIMITED |
Director |
15-05-05 |
15-05-05 |
- |
Active |
NO |
|
4 |
U99999MH1986PLC038866 |
CENTRIC
STEEL LIMITED |
Director |
14-05-07 |
14-05-07 |
- |
Active |
NO |
|
Name : |
Mr. Rishab Niraj Kochhar |
|
Designation : |
Director |
|
Address : |
6th Floor, Steesha Building, Mount Mary Road, Bandra –
West, Mumbai – 400050, Maharashtra, India
|
|
Date of Birth/Age : |
16.02.1986 |
|
Date of Appointment : |
01.02.2013 |
|
DIN No. : |
03416854 |
Other Directorship :
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29300MH1995PLC092969 |
GOLD
STAR POLY WEAVE LIMITED |
Director |
10-02-11 |
10-02-11 |
- |
Active |
NO |
|
2 |
U99999MH1973PTC016924 |
S V STEEL
AND ALLOYS PVT LTD |
Director |
29-09-12 |
06-02-12 |
- |
Active |
NO |
|
3 |
U99999MH1986PLC038866 |
CENTRIC
STEEL LIMITED |
Director |
30-09-13 |
01-02-13 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Niraj Vishwanath Kochhar |
36387 |
|
Rithu Niraj Kochhar |
22300 |
|
Adhish Niraj Kochhar |
4700 |
|
Rishab Kochhar |
4700 |
|
Vedika Kochhar |
1801 |
|
T.R. Mehta |
1 |
|
Niraj Vishwanath Kochhar HUF |
3501 |
|
Total |
73390 |
As on : 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
95.23 |
|
Other top fifty shareholders |
4.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Precision ERW Tubes and Pipes. |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
GENERAL INFORMATION
|
No. of Employees : |
10 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chhogmal and Company Chartered Accountants |
|
Address : |
206, Apollo Chambers, Mogra Road, Andheri (East), Mumbai-400069,
Maharashtra, India |
|
Tel. No.: |
91-22-66995808/28360511 |
|
Fax No.: |
91-22-66995808 |
|
E-Mail : |
|
|
PAN No.: |
AAIPS9715N |
CAPITAL STRUCTURE
As on : 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
73390 |
Equity Shares |
Rs.100/-
each |
Rs.7.339
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 |
7.339 |
7.339 |
5.000 |
|
(b) Reserves & Surplus |
61.586 |
59.119 |
28.613 |
|
(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) |
68.925 |
66.458 |
33.613 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
110.264 |
114.351 |
93.919 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
110.264 |
114.351 |
93.919 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
108.687 |
61.977 |
59.911 |
|
(b) Trade
payables |
61.831 |
58.493 |
51.497 |
|
(c) Other
current liabilities |
31.214 |
38.869 |
51.109 |
|
(d) Short-term
provisions |
0.000 |
0.133 |
0.026 |
|
Total Current
Liabilities (4) |
201.732 |
159.472 |
162.543 |
|
|
|
|
|
|
TOTAL |
380.921 |
340.281 |
290.075 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
175.238 |
139.748 |
143.595 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
36.463 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
9.220 |
9.071 |
0.766 |
|
(d) Long-term Loan and Advances |
3.447 |
3.513 |
3.514 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
187.905 |
188.795 |
147.875 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
120.033 |
92.161 |
80.040 |
|
(c) Trade
receivables |
64.773 |
47.493 |
53.429 |
|
(d) Cash
and cash equivalents |
0.537 |
1.197 |
0.434 |
|
(e)
Short-term loans and advances |
7.673 |
10.635 |
8.297 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
193.016 |
151.486 |
142.200 |
|
|
|
|
|
|
TOTAL |
380.921 |
340.281 |
290.075 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
305.959 |
264.569 |
191.970 |
|
|
|
Other Income |
0.029 |
0.019 |
0.019 |
|
|
|
TOTAL (A) |
305.988 |
264.588 |
191.989 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
276.862 |
229.761 |
157.823 |
|
|
|
Changes in Inventories |
(22.301) |
(10.222) |
(13.991) |
|
|
|
Employees Benefits |
8.462 |
6.080 |
5.072 |
|
|
|
Other Expenses |
11.549 |
9.531 |
13.849 |
|
|
|
TOTAL (B) |
274.572 |
235.150 |
162.753 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
31.416 |
29.438 |
29.236 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
22.001 |
20.314 |
20.872 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.415 |
9.124 |
8.364 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.489 |
5.946 |
5.893 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
2.926 |
3.178 |
2.471 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.411 |
(7.680) |
1.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
2.515 |
10.858 |
1.208 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
34.27 |
147.95 |
24.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.82
|
1.20 |
1.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.96
|
1.20 |
1.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.79
|
1.08 |
0.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.05 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.18
|
2.65 |
4.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.99
|
3.03 |
2.82 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover |
|
|
410.000 |
The above information has been parted by Mr. Sajjan (Manager)
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
5.000 |
7.339 |
7.339 |
|
Reserves & Surplus |
28.613 |
59.119 |
61.586 |
|
Net
worth |
33.613 |
66.458 |
68.925 |
|
|
|
|
|
|
long-term borrowings |
93.919 |
114.351 |
110.264 |
|
Short term borrowings |
59.911 |
61.977 |
108.687 |
|
Total
borrowings |
153.830 |
176.328 |
218.951 |
|
Debt/Equity
ratio |
4.577 |
2.653 |
3.177 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
191.970 |
264.569 |
305.959 |
|
|
|
37.818 |
15.644 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
191.970 |
264.569 |
305.959 |
|
Profit |
1.208 |
10.858 |
2.515 |
|
|
0.63% |
4.10% |
0.82% |
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) |
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 |
No |
|
34] |
External
Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loan from promoters and relatives |
87.299 |
71.992 |
|
ICD |
16.202 |
7.929 |
|
Total |
103.501 |
79.921 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10075480 |
31/07/2013 * |
245,000,000.00 |
CANARA BANK |
Bhandup Main,, Mumbai - 400078,
Maharashtra , INDIA |
B85517357 |
FIXED ASSETS
- Land
- Factory
Building
- Plant and
Machinery
- Electrical
Installation
- Computer
Systems
- Vehicles
- Furniture
& Fixtures
- Motor
Vehicles
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.60.11 |
|
|
1 |
Rs.102.32 |
|
Euro |
1 |
Rs.81.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYR |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.