. Summary Information
|
Country |
India |
||
|
Company Name |
NUBERG
ENGINEERING LIMITED |
Principal Name 1 |
Mr. Vinod Kumar Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Anil Kumar Tyagi |
|
Registration # |
55-079817 |
||
|
Street Address |
1223, Gali No. 83, Shanti Nagar, Trinagar, |
||
|
Established Date |
21.06.1996 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Nitrogen Gas Generators |
|
|
# of employees |
Not Available |
Product Name 2 |
Reactors |
|
Paid up capital |
Rs.100,362,000/- |
Product Name 3 |
Absorbers |
|
Shareholders |
Directors or relatives of Directors 100.00% |
Banking |
Union Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
18 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
|
|
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
603,915,000 |
Current Liabilities |
505,740,000 |
|
Inventories |
155,441,000 |
Long-term Liabilities |
240,604,000
|
|
Fixed Assets |
310,640,000 |
Other Liabilities |
56,613,000 |
|
Deferred Assets |
3,832,000 |
Total Liabilities |
802,957,000 |
|
Invest& other Assets |
4,999,000 |
Retained Earnings |
175,508,000 |
|
|
|
Net Worth |
275,870,000 |
|
Total Assets |
1,078,827,000 |
Total Liab. & Equity |
1,078,827,000] |
|
Total Assets (Previous Year) |
1084,363,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1249,697,000 |
Net Profit |
50.389,000 |
|
Sales(Previous yr) |
888,933,000 |
Net Profit(Prev.yr) |
19.963,000 |
MIRA INFORM REPORT
|
Report Date : |
30.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
NUBERG ENGINEERING LIMITED (w.e.f. 02.04.2008) |
|
|
|
|
Formerly Known
As : |
NUBERG ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1223, Gali No. 83, Shanti Nagar, Trinagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.06.1996 |
|
|
|
|
Com. Reg. No.: |
55-079817 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.100.362 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210DL1996PLC079817 |
|
|
|
|
IEC No.: |
0596049480 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELN02816C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN3523A |
|
|
|
|
Legal Form : |
A Closely held Public Limited Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Nitrogen Gas Generators, Various Pressure
Vessels, Reactors, Absorbers, Columns, Heat Exchangers, Tanks, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 110000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in 1996 as a private limited company and was
reconstituted as a closely held public limited company in 2008. It is an
established company having satisfactory track. The company possesses a favorable financial profile marked by adequate
networth base along with deterioration in its cash reserves and increase in
its short term debt obligations as a result of large working capital
intensive operations of the company. Management has reported a growth in its sales volume as well as net
profitability during FY 13 The ratings also take into consideration the exposure to intense
competition in the industry. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of established position and improving operating efficiencies,
the subject can be considered for business dealings 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
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 |
CRISIL |
|
Rating |
Long Term Rating BB+ |
|
Rating Explanation |
Having Moderate risk of default regarding timely servicing of financial
obligation. |
|
Date |
27.05.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
27.05.2014 |
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. Pinto Tygi |
|
Designation : |
- |
|
Contact No.: |
91-120-2403103 |
|
Date : |
19.06.2014 |
LOCATIONS
|
Registered Office : |
1223, Gali No. 83, Shanti Nagar, Trinagar, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Nuberg House, A – 38, H, Sector – 64, Noida – 201301, |
|
Tel. No.: |
91 - 120 – 2403101/ 2403102/ 2403103 |
|
Fax No.: |
91 - 120 - 2403104 |
|
E-Mail : |
|
|
|
|
|
Factory: |
Plot No 679 Road No 7 GIDC Estate Jhagadia District– Bharuch Gujarat –
393110, India |
|
|
|
|
Tel No: |
91-120-2403101/2/3 |
|
|
|
|
Fax No: |
91-120-2403104 |
DIRECTORS
As on: 28.09.2013
|
Name : |
Mr. Vinod Kumar Gupta |
|
Designation : |
Managing director |
|
Address : |
D-44, Sector 39, Noida - 201301, |
|
Date of Birth/Age : |
24.08.1960 |
|
Date of Appointment : |
21.06.1996 |
|
DIN No.: |
00312784 |
|
|
|
|
Name : |
Mr. Anil Kumar Tyagi |
|
Designation : |
Managing director |
|
Address : |
B104, Sector 39, Noida - 201301, |
|
Date of Birth/Age : |
05.03.1960 |
|
Date of Appointment : |
21.06.1996 |
|
DIN No.: |
00312763 |
|
|
|
|
Name : |
Mr. Jaswant Singh Tyagi |
|
Designation : |
Director |
|
Address : |
B104, Sector 39, Noida - 201301, |
|
Date of Birth/Age : |
28.07.1928 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
00312639 |
|
|
|
|
Name : |
Mr. Shashi Tyagi |
|
Designation : |
Director |
|
Address : |
B104, Sector 39, Noida - 201301, |
|
Date of Birth/Age : |
11.03.1959 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00312665 |
|
|
|
|
Name : |
Mrs. Sugandha Gupta |
|
Designation : |
Director |
|
Address : |
D-44, Sector 39, Noida - 201301, |
|
Date of Birth/Age : |
12.10.1958 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00312701 |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Kumar Singh |
|
Designation : |
Secretary |
|
Address : |
139, IInd Floor, Sector-3-F, Vashali, |
|
Date of Birth/Age : |
05.12.1979 |
|
Date of Appointment : |
30.05.2011 |
|
PAN No: |
BTOPS8210E |
MAJOR SHAREHOLDERS
As on: 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Mr. Anil Kumar Tyagi |
5010000 |
|
Mr. Vinod Kumar Gupta |
5010000 |
|
Mr. Sandeep Tyagi |
2700 |
|
Mr. R.D. Gupta |
2700 |
|
Mr. Rama Gupta |
2700 |
|
Mr. Shashi Tyagi |
2700 |
|
Mrs. Sugandha Gupta |
2700 |
|
Mr. Subodh Tyagi |
2700 |
|
Total |
10036200 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Nitrogen Gas Generators, Various Pressure
Vessels, Reactors, Absorbers, Columns, Heat Exchangers, Tanks, etc. |
||||
|
|
|
||||
|
Products/ Services: |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Union Bank of India, Specialised SSI Branch, Sector – 15, Naya Bans, Noida
– 201 301, Uttar Pradesh, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai –
400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
PVR and Company Chartered Accountants |
|
Address : |
602A, Deep Shikha, |
|
PAN NO.: |
AAMFP2884K |
|
|
|
|
Associates: |
|
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs. 10/- each |
Rs.120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10036200 |
Equity Shares |
Rs. 10/- each |
Rs. 100.362
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 |
100.362 |
100.362 |
75.272 |
|
(b) Reserves & Surplus |
175.508 |
142.608 |
171.064 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
10.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
275.870 |
252.970 |
246.336 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
98.044 |
119.668 |
44.807 |
|
(b) Deferred tax liabilities (Net) |
8.056 |
6.517 |
5.143 |
|
(c) Other long term
liabilities |
6.275 |
1.085 |
1.363 |
|
(d) long-term
provisions |
12.630 |
10.020 |
5.757 |
|
Total Non-current
Liabilities (3) |
125.005 |
137.290 |
57.070 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
142.560 |
111.330 |
96.012 |
|
(b) Trade
payables |
299.598 |
325.424 |
364.417 |
|
(c) Other
current liabilities |
199.867 |
235.049 |
140.907 |
|
(d) Short-term
provisions |
35.927 |
22.300 |
46.028 |
|
Total Current
Liabilities (4) |
677.952 |
694.103 |
647.364 |
|
|
|
|
|
|
TOTAL |
1078.827 |
1084.363 |
950.770 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
309.936 |
305.791 |
295.343 |
|
(ii)
Intangible Assets |
0.704 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
4.497 |
0.864 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.999 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
3.832 |
1.972 |
2.690 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
319.471 |
312.260 |
298.897 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
155.441 |
82.070 |
48.887 |
|
(c) Trade
receivables |
390.466 |
414.582 |
381.987 |
|
(d) Cash
and cash equivalents |
94.250 |
162.603 |
97.450 |
|
(e)
Short-term loans and advances |
118.453 |
112.848 |
83.993 |
|
(f) Other
current assets |
0.746 |
0.000 |
39.556 |
|
Total
Current Assets |
759.356 |
772.103 |
651.873 |
|
|
|
|
|
|
TOTAL |
1078.827 |
1084.363 |
950.770 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue From Operation |
1249.697 |
888.933 |
1034.058 |
|
|
|
Other Income |
77.906 |
49.063 |
42.369 |
|
|
|
TOTAL (A) |
1327.603 |
937.996 |
1076.427 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
802.837 |
513.368 |
712.480 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(27.770) |
(2.477) |
(5.475) |
|
|
|
Employees benefits expense |
126.192 |
97.540 |
61.456 |
|
|
|
Other expenses |
298.122 |
256.959 |
182.083 |
|
|
|
TOTAL (B) |
1199.381 |
865.390 |
950.544 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
128.223 |
72.606 |
125.883 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.917 |
32.366 |
20.236 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
85.306 |
40.240 |
105.647 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.333 |
8.573 |
5.954 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
75.973 |
31.667 |
99.693 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
25.584 |
11.704 |
34.616 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
50.389 |
19.963 |
65.077 |
|
|
|
|
|
|
|
|
|
Less |
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
Export Earnings |
705.203 |
393.834 |
714.310 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
279.273 |
46.073 |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.02 |
1.99 |
6.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.80 |
2.13 |
6.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.08 |
3.56 |
9.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.10 |
2.94 |
10.52 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.13 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.87 |
0.91 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.11 |
1.01 |
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 |
75.272 |
100.362 |
100.362 |
|
Reserves & Surplus |
171.064 |
142.608 |
175.508 |
|
Share Application money
pending allotment |
0.000 |
10.000 |
0.000 |
|
Net
worth |
246.336 |
110.362 |
275.870 |
|
|
|
|
|
|
long-term borrowings |
44.807 |
119.668 |
98.044 |
|
Short term borrowings |
96.012 |
111.330 |
142.560 |
|
Total
borrowings |
140.819 |
230.998 |
240.604 |
|
Debt/Equity
ratio |
0.572 |
2.093 |
0.872 |
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 |
1034.058 |
888.933 |
1249.697 |
|
|
|
(14.035) |
40.584 |
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 |
1034.058 |
888.933 |
1249.697 |
|
Profit |
65.077 |
19.963 |
50.389 |
|
|
6.29% |
2.25% |
4.03% |
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 |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10327258 |
30/01/2012 * |
80,000,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHA |
B32613788 |
|
2 |
10034296 |
16/12/2013 * |
630,000,000.00 |
UNION BANK OF INDIA |
SSI BRANCH, SECTOR 15,, NAYA BANS, NOIDA, GAUTAM BUDHA NAGAR, UTTAR PRADESH - 201301, INDIA |
B95216388 |
|
3 |
10013636 |
29/06/2006 |
350,000.00 |
UNION BANK OF INDIA |
SSI BRANCH, NOIDA, NOIDA, UTTAR PRADESH -201301, INDIA |
A02513646 |
* Date of charge modification
PERFORMACE OF THE
COMPANY
The year brings a mixed experience in performance of the
company. The directors were determined towards overall performance and
profitability of the company. During the year both the sales and profits were
increased by 41.54% and 139.75% comparative to the last year respectively.
UNSECURED LOAN
|
Particular |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Other Loans and Advances Unsecured |
55.230 |
50.030 |
|
Total |
55.230 |
50.030 |
FIXED ASSETS
- Land and building:
- Land
- Canteen
- Vehicle
- Cycle
- Scooter
- Cars
- Plant and machinery:
- Air conditioners
- Electric fitting
- Generator
- Machinery-plant
- Furniture and fixture
- Office equipments
- Office furniture
- Electric equipment
- Guest house equipment
- UPS and perifers
- Computers
- Capital
work in progress
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 records 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.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
HEL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
YOG |
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 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
45 |
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.