MIRA INFORM REPORT
|
Report Date : |
26.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MIL INDIA LIMITED |
|
|
|
|
Formerly Known
As : |
MAZZINDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.3F/307, Mamram East Plaza, Plot No.C-1 and 2, LSC Block G,
Kondli, Gharoli, New Delhi – 110096 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.03.1986 |
|
|
|
|
Com. Reg. No.: |
55-023524 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.570 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52111DL1986PLC023524 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM09121A DELM10638F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM4710E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Machines of Different Product Ranges i.e.
Soap, Detergent and Fatty Acid. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1093000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is strong and healthy. Trade relations are reported to be fair. Business is active. Payment
are reported to be usually correct. The company can be considered for business dealing 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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a
quarter of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of the
global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Leo |
|
Designation : |
Office Assistance and Business Head |
|
Contact No.: |
91-120-4766100 |
|
Date : |
24.06.2014 |
LOCATIONS
|
Registered Office : |
Unit No.3F/307, Mamram East Plaza, Plot No.C-1 and 2, LSC Block G, Kondli,
Gharoli, New Delhi-110096, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Operation Office/ Factory 1 : |
W-31, Sector XI, Noida-201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2536772/ 2536773/ 4766100 |
|
Fax No.: |
91-120-2553342/ 2542103 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Plot No. 60-63, Sector 5, IIE Ranipur, BHEL, Haridwar, Uttaranchal,
India |
DIRECTORS
As on: 30.08.2013
|
Name : |
Mr. Shridhar Krishnan |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Chairman cum Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-45, Sector 33, Gautam Budh Nagar, Noida – 201 301, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.12.1957 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Sc. (Hons.) |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00214754 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sukh Ram Binyani |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-700 Sarita Vihar, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.06.1953 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00105205 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ram Mohan Subramanian |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole Time Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-53, Sector 34, Gautam Budh Nagar, Noida – 201 301, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.02.1954 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.04.2010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00214985 |
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Leo |
|
|
Designation : |
Office Assistance and Business Head |
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.08.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Krishnan K. S. |
50000 |
5.22 |
|
Lalita Krishnan |
50000 |
5.22 |
|
Shridhar Krishnan |
516239 |
53.94 |
|
S. Ram Mohan |
2000 |
0.21 |
|
Shravan Krishnan |
500 |
0.05 |
|
Shruti Krishnan |
500 |
0.05 |
|
S. R. Binyani |
2000 |
0.21 |
|
Punam Krishnan |
335789 |
35.09 |
|
|
|
|
|
Total |
957028 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.08.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Machines of Different Product Ranges i.e. Soap, Detergent and Fatty Acid. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
||||||||||
|
|
|
||||||||||
|
Exports : |
|
||||||||||
|
Products : |
Finished Goods |
||||||||||
|
Countries : |
· African Country · Indonesia ·
North East Asia |
||||||||||
|
|
|
||||||||||
|
Terms : |
|
||||||||||
|
Selling : |
Cash / Credit |
||||||||||
|
|
|
||||||||||
|
Purchasing : |
Cash / Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mishra Sahu Jain and Associates Chartered Accountants |
|
Address : |
27-Akbar Road, New Delhi-110011, India |
|
PAN No.: |
AAJFM9630P |
|
|
|
|
Relatives of
Enterprises of Key Management personnel : |
|
|
|
|
|
Individual or
Enterprise exercising significant influence over the enterprise: |
|
CAPITAL STRUCTURE
As on: 30.08.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5200000 |
Equity Shares |
Rs.10/- each |
Rs. 52.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
957028 |
Equity Shares |
Rs.10/- each |
Rs. 9.570
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 |
9.570 |
9.295 |
12.295 |
|
(b) Reserves & Surplus |
263.772 |
209.840 |
214.919 |
|
(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) |
273.342 |
219.135 |
227.214 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
10.319 |
10.875 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
1.014 |
1.435 |
1.664 |
|
(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) |
11.333 |
12.310 |
1.664 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
20.447 |
41.863 |
47.691 |
|
(b)
Trade payables |
53.240 |
62.285 |
44.080 |
|
(c)
Other current liabilities |
160.513 |
123.365 |
51.234 |
|
(d)
Short-term provisions |
51.130 |
27.182 |
34.883 |
|
Total
Current Liabilities (4) |
285.330 |
254.695 |
177.888 |
|
|
|
|
|
|
TOTAL |
570.005 |
486.140 |
406.766 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
70.625 |
75.772 |
61.155 |
|
(ii)
Intangible Assets |
6.295 |
2.659 |
3.988 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
0.000 |
2.500 |
2.500 |
|
(c)
Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.439 |
1.439 |
1.439 |
|
(e)
Other Non-current assets |
36.667 |
45.563 |
0.000 |
|
Total
Non-Current Assets |
115.026 |
127.933 |
69.082 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
131.265 |
115.562 |
93.845 |
|
(c)
Trade receivables |
104.526 |
69.645 |
84.516 |
|
(d)
Cash and cash equivalents |
165.698 |
133.889 |
134.275 |
|
(e)
Short-term loans and advances |
51.648 |
37.366 |
23.496 |
|
(f)
Other current assets |
1.842 |
1.745 |
1.552 |
|
Total
Current Assets |
454.979 |
358.207 |
337.684 |
|
|
|
|
|
|
TOTAL |
570.005 |
486.140 |
406.766 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
615.689 |
438.693 |
422.039 |
|
|
|
Other Income |
29.715 |
25.741 |
14.099 |
|
|
|
TOTAL |
645.404 |
464.434 |
436.138 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
288.203 |
245.380 |
228.485 |
|
|
|
Purchases of Stock-in-Trade |
69.055 |
16.992 |
12.636 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(12.638) |
(24.070) |
(12.072) |
|
|
|
Employees benefits expense |
105.454 |
86.893 |
74.937 |
|
|
|
Other expenses |
111.246 |
103.736 |
86.862 |
|
|
|
TOTAL |
561.320 |
428.931 |
390.848 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
84.084 |
35.503 |
45.290 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.663 |
5.982 |
2.208 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
78.421 |
29.521 |
43.082 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.713 |
9.659 |
10.122 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
66.708 |
19.862 |
32.960 |
|
|
|
|
|
|
|
|
|
Less |
EXCEPTIONAL
ITEMS |
0.761 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER EXCEPTIONAL
ITEMS BUT BEFORE TAXATION |
65.947 |
19.862 |
32.960 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.534 |
4.901 |
9.542 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
52.413 |
14.961 |
23.418 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
349.808 |
340.671 |
240.719 |
|
|
TOTAL EARNINGS |
349.808 |
340.671 |
240.719 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw
materials |
2.662 |
14.787 |
24.585 |
|
|
|
Total |
2.662 |
14.787 |
24.585 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
56.36 |
15.97 |
24.47 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
8.12 |
3.22 |
5.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.83 |
4.53 |
7.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.70 |
4.11 |
8.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.09 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.11 |
0.24 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59 |
1.41 |
1.90 |
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 |
12.295 |
9.295 |
9.570 |
|
Reserves & Surplus |
214.919 |
209.840 |
263.772 |
|
Net worth |
227.214 |
219.135 |
273.342 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
10.875 |
10.319 |
|
Short term borrowings |
47.691 |
41.863 |
20.447 |
|
Total borrowings |
47.691 |
52.738 |
30.766 |
|
Debt/Equity ratio |
0.210 |
0.241 |
0.113 |
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 |
422.039 |
438.693 |
615.689 |
|
|
|
3.946 |
40.346 |
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 |
422.039 |
438.693 |
615.689 |
|
Profit |
23.418 |
14.961 |
52.413 |
|
|
5.55% |
3.41% |
8.51% |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
GENERAL INFORMATION:
MIL India Limited (‘The Company’) was
incorporated on March04, 1986 under the provisions of the Companies Act, 1956.
It commenced its business operation in the year 1986. The business activities
of the Company is manufacturing of equipments for so aps, detergent, fatty acid
and glycerine. There registered office of the Company is situated at Kondli
Gharoli, Mayur Vihar Phase-III, Delhi and the manufacturing facilities are
situated at Noida in the state of Uttar Pradesh and Haridwar in the state of
Uttarakhand.
Uttarakhand unit is enjoying tax holiday under the provision of section
80IC of the Income Tax Act, 1961.
The accompanying financial statements reflect the results of the
activities undertaken by the Company during the year ended March 31, 2013
AMALGAMATION:
A. Names and general nature of business of amalgamating companies
|
Names of
Amalgamating Companies |
Nature of business |
|
K.S. Krishnan Associates Private Limited |
Providing Erection and Commissioning Services |
|
Kri Soaps Private Limited |
Manufacturing Herbal Products |
B. Description and number of shares issued
|
Name of Amalgamating companies |
Type of shares |
Shares Issued |
Exchange Ratio |
|
K.S. Krishnan Associates Private Limited |
Equity shares |
326,925 |
217.66 |
|
Kri Soaps Private Limited |
Equity shares |
430,003 |
2.89 |
Note: The Registered
Office of the company has been shifted from House No.41, Pocket Asarita Vihar,
New Delhi – 110049, Delhi, India to the present address w.e.f. 01.04.2008.
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10428743 |
02/04/2013 |
1,800,000.00 |
CANARA BANK |
36-37, COMMUNITY CENTRE,, EAST OF KAILASH, NEW DELHI - 110065, DELHI, INDIA |
B76116227 |
|
2 |
10334492 |
19/01/2012 |
15,000,000.00 |
SMALL INDUSTRIES DEVELOPMET BANK OF INDIA |
C-60,, SECTOR-2, NOIDA - 201301, UTTAR PRADESH, INDIA |
B31648322 |
|
3 |
10017326 |
21/08/2006 * |
145,880,800.00 |
CANARA BANK |
COMMUNITY CENTRE, EAST OF KAILASH, NEW DELHI - 110065, DELHI, INDIA |
A03680766 |
|
4 |
10090692 |
28/05/2008 * |
5,000,000.00 |
CANARA BANK |
COMMUNITY CENTER, EAST OF KAILASH, NEW DELHI - 110065, DELHI, INDIA |
A40022766 |
|
5 |
90064671 |
28/05/2008 * |
4,600,000.00 |
CANARA BANK |
COMMUNITY CENTER, EAST OF KAILASH, NEW DELHI - 110065, DELHI, INDIA |
A40023632 |
|
6 |
90064469 |
16/04/2007 * |
10,000,000.00 |
CANARA BANK |
COMMUNITY CENTRE, EAST OF KAILASH, NEW DELHI - 110065, DELHI, INDIA |
- |
|
7 |
80000727 |
28/05/2008 * |
3,000,000.00 |
CANARA BANK |
COMMUNITY CENTER, EAST OF KAILASH, NEW DELHI - 110065, DELHI, INDIA |
A40023012 |
|
8 |
80000726 |
28/05/2008 * |
5,000,000.00 |
CANARA BANK |
COMMUNITY CENTER, EAST OF KAILASH, NEW DELHI - 110065, DELHI, INDIA |
A40067720 |
|
9 |
90064325 |
04/06/2002 |
177,800.00 |
CANARA BANK |
EAST OF KAILASH, NEW DELHI, DELHI, INDIA |
- |
FIXED ASSETS:
- Leasehold
Land
- Buildings and
Roads
- Plants and
Machinery
- Furniture and
Fixtures
- Vehicles
- Computers
- Computer
Software
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.60.28 |
|
|
1 |
Rs.102.28 |
|
Euro |
1 |
Rs.82.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
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 |
|
47 |
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.