1. Summary Information
|
|
|
Country |
|
|
Company Name |
SAGARI LEATHERS
PRIVATE LIMITED |
Principal Name 1 |
Prasenjit Kumar
Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Tara Bindra |
|
|
|
Registration # |
55-022229 |
|
Street Address |
17, Kucha Chaudhry, Opposite State Bank
Building, Chandni Chowk, Delhi – 110006, India |
||
|
Established Date |
14.10.1985 |
SIC Code |
-- |
|
Telephone# |
91-11-22366279 |
Business Style 1 |
Manufacturers |
|
Fax # |
91-11-22266315 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Leather Uppers |
|
# of employees |
600
(Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 9,996,000 |
Product Name 3 |
-- |
|
Shareholders |
Director and Relatives of directors – 100% |
Banking |
Canara Bank |
|
Public Limited Corp. |
-- |
Business Period |
29 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba
(48) |
|
Related
Company |
|||
|
Relation
-- |
Country
-- |
Company
Name |
CEO |
|
Related
Party |
India |
Hike Leather Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
98,100,000 |
Current Liabilities |
102,787,000 |
|
Inventories |
104,339,000 |
Long-term Liabilities |
65,164,000 |
|
Fixed Assets |
117,541,000 |
Other Liabilities |
11,136,000 |
|
Deferred Assets |
901,000 |
Total Liabilities |
179,087,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
131,798,000 |
|
|
|
Net Worth |
141,794,000 |
|
Total Assets |
320,881,000 |
Total Liab. & Equity |
320,881,000 |
|
Total Assets (Previous Year) |
277,521,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales (Total Income) |
532,490,000 |
Net Profit |
25,834,000 |
|
Sales(Previous yr) (Total Income) |
684,765,000 |
Net Profit(Prev.yr) |
26,343,000 |
MIRA
INFORM REPORT
|
Report Date : |
03.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAGARI LEATHERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17, Kucha Chaudhry,
Opposite State Bank Building, Chandni Chowk, Delhi – 110006 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.10.1985 |
|
|
|
|
Com. Reg. No.: |
55-022229 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 9.996 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1985PTC022229 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS20907F |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of
Leather Uppers. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 570000 |
|
|
|
|
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 decent. However, trade relations are reported to be fair. Business is active.
Payments are reported to be usually correct. The company can be considered normal 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 – 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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013.
Pakistan has temporarily banned gold imports for the second time in six months,
as it tries to stem smuggling into India. India’s import duty on gold is 10 %
and curbs on purchases have dried up legal imports into what used to be the
world’s biggest bullion buyers. The World Gold Council puts the amount smuggled
into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed
that unclaimed bank deposits estimated to be about Rs 35000 mn be used for
education and awareness among depositors. According to the plan, deposits
that have not been claimed for at least 10 years will be transferred to the scheme.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed legislative
work. India's medium-term growth outlook is positive due to a young population
and corresponding low dependency ratio, healthy savings and investment rates,
and increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 DENIED BY
|
Name : |
Mr. Abhishekh |
|
Designation : |
Manager |
|
Contact No.: |
91-9412256562 |
|
Date : |
25.02.2014 |
LOCATIONS
|
Registered Office : |
17, Kucha
Chaudhry, Opposite State Bank Building, Chandni Chowk, Delhi – 110006, India |
|
Tel. No.: |
91-11-22366279/22253069/22360783/22368035/22363931 |
|
Mobil No. : |
91-9412256562 (Mr. Abhishekh) |
|
Fax No.: |
91-11-22266315/ 91-562-2266315 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
|
|
Tel. No.: |
91-562-2461054/2266190 |
|
|
|
|
Factory 2 : |
4/73 B, Gwalior
Road, Baluganj, Agra – 282001, Uttar Pradesh, India |
|
Tel. No.: |
91-562-2463931/
2460035 |
|
Fax No.: |
91-562-2266315 |
DIRECTORS
AS ON 24.09.2013
|
Name : |
Mr. Prasenjit
Kumar Gupta |
|
Designation : |
Director |
|
Address : |
20, Dhruv Nagar
Extension, Dhruvnandpura, SU Purama, Agra, Uttar Pradesh, India |
|
Date of Birth/Age : |
28.09.1966 |
|
Date of Appointment : |
28.09.2002 |
|
DIN No.: |
00199067 |
|
|
|
|
Name : |
Mrs. Tara Bindra |
|
Designation : |
Director |
|
Address : |
41, Jor Bagh, New
Delhi – 110 003, India. |
|
Date of Birth/Age : |
11.04.1944 |
|
Date of Appointment : |
08.09.1998 |
|
DIN No.: |
00212975 |
|
|
|
|
Name : |
Ms. Ingrid Maria Gujral |
|
Designation : |
Director |
|
Address : |
Reinhardtallee 9, Wentorfbei-21465, |
|
Date of Birth/Age : |
13.06.1946 |
|
Date of Appointment : |
19.11.2007 |
|
DIN No.: |
01880095 |
|
|
|
|
Name : |
Mr. Oliver Wolf Gujral |
|
Designation : |
Director |
|
Address : |
Sierichstrasse 140, Hamburg-22299, |
|
Date of Birth/Age : |
03.01.1969 |
|
Date of Appointment : |
19.11.2007 |
|
DIN No.: |
01892322 |
KEY EXECUTIVES
|
Name : |
Mr. Abhishekh |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
38 |
0.04 |
|
|
71117 |
71.15 |
|
Gujral Oliver Wolf |
28800 |
28.81 |
|
|
|
|
|
Total |
99,955 |
100.00 |
AS ON 24.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of
Leather Uppers |
GENERAL INFORMATION
|
Suppliers : |
·
Classic Shoes Components , Agra ·
Enkay India Rubber Company Private Limited ·
Corrupack India ·
Freudenberg Nonwovens India Private Limited ·
G. Abdul Rahman and Company ·
Horizon Leather ·
I Cee
Package Industries ·
Anand Cutting Profile Private Limited ·
Kailash (Forme) Creations Private Limited ·
Kannan CNC Engraving ·
Premium Shoes Accessories ·
Supreme Engineering Works ·
Vinayak Industries ·
Taj Tanneries Private Limited |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
600 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· Canara Bank, Overseas Branch, Sanjay Place, M G Road, Agra-282002, Uttar Pradesh, India · HDFC Bank · State Bank of India, Chennai. · Punjab National Bank, Delhi. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. S. Agarwal and
Associates Chartered
Accountants |
|
Address : |
B-6/43, 1st
Floor, Safdarjung Enclave, |
|
Tel. No.: |
91-11-46504901 / 261098863 |
|
Mobile No.: |
91-9811563328 |
|
Fax No.: |
91-11-26100642 |
|
Email : |
|
|
PAN No.: |
AAAFB4044R |
|
|
|
|
Related Parties : |
·
Impexa Assenhandels GMBH, Germany ·
Hike Leather Private Limited ·
Sri Shakti Leather Enterprises |
CAPITAL STRUCTURE
AS ON 31.03.2013
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 |
|
|
|
|
|
|
99955 |
Equity Shares |
Rs.100/-
each |
Rs. 9.996
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
|
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
9.996 |
|
(b) Reserves & Surplus |
|
|
131.798 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
141.794 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.000 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
5.386 |
|
Total
Non-current Liabilities (3) |
|
|
5.386 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
65.164 |
|
(b) Trade payables |
|
|
91.102 |
|
(c) Other current liabilities |
|
|
11.136 |
|
(d) Short-term provisions |
|
|
6.299 |
|
Total
Current Liabilities (4) |
|
|
173.701 |
|
|
|
|
|
|
TOTAL |
|
|
320.881 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
117.541 |
|
(ii) Intangible Assets |
|
|
0.000 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.901 |
|
(d) Long-term Loan and Advances |
|
|
3.245 |
|
(e) Other Non-current assets |
|
|
3.732 |
|
Total
Non-Current Assets |
|
|
125.419 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
104.339 |
|
(c) Trade receivables |
|
|
17.654 |
|
(d) Cash and cash equivalents |
|
|
33.683 |
|
(e) Short-term loans and
advances |
|
|
38.918 |
|
(f) Other current assets |
|
|
0.868 |
|
Total
Current Assets |
|
|
195.462 |
|
|
|
|
|
|
TOTAL |
|
|
320.881 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
9.996 |
9.996 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
105.963 |
79.621 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
115.959 |
89.617 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
58.891 |
60.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
58.891 |
60.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.340 |
|
|
|
|
|
|
|
|
TOTAL |
|
174.850 |
149.957 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
119.628 |
118.124 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.692 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
96.730
|
95.435
|
|
|
Sundry Debtors |
|
4.479
|
5.979
|
|
|
Cash & Bank Balances |
|
16.377
|
10.997
|
|
|
Other Current Assets |
|
21.972
|
25.192
|
|
|
Loans & Advances |
|
17.643
|
2.730
|
|
Total
Current Assets |
|
157.201
|
140.333 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
88.203
|
102.459
|
|
|
Other Current Liabilities |
|
7.014
|
2.246
|
|
|
Provisions |
|
7.454
|
3.795
|
|
Total
Current Liabilities |
|
102.671
|
108.500 |
|
|
Net Current Assets |
|
54.530
|
31.833
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
174.850 |
149.957 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
532.490 |
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
532.490 |
684.765 |
460.449 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
482.998 |
636.363 |
438.572 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
482.998 |
636.363 |
438.572 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
49.492 |
48.402 |
21.877 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.666 |
9.077 |
7.963 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
39.826 |
39.325 |
13.914 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.992 |
12.982 |
4.716 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
25.834 |
26.343 |
9.198 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
10.596 |
79.620 |
70.422 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13.180 |
105.963 |
79.620 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
258.46 |
263.55 |
92.02 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.85
|
3.85
|
2.00
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.45
|
14.17
|
5.38
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.34
|
0.16
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.46
|
0.51
|
0.67
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.53
|
1.29
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
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.) |
|
Total Income |
460.449 |
684.765 |
532.490 |
|
|
|
48.717 |
(22.238) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Total Income |
460.449 |
684.765 |
532.490 |
|
Profit After Tax |
9.198 |
26.343 |
25.834 |
|
|
2.00% |
3.85% |
4.85% |
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 |
Yes |
|
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 |
No |
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Canara Bank, Credit Card No. 4619400100847000 |
0.014 |
0.000 |
|
|
|
|
|
Total |
0.014 |
0.000 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90333981 |
08/10/2005 * |
800,000.00 |
CANARA BANK |
SANJAY PLACE,
AGARA, Uttar Pradesh, INDIA |
- |
|
2 |
90329625 |
23/08/2011 * |
75,058,000.00 |
CANARA BANK |
OVERSEAS BRANCH,
SANJAY PLACE, AGRA, Uttar Prades |
B21027412 |
* Date of charge
modification
Working Results
During the year
the company has shown a net profit of Rs 25.834 Millions as against net profit
of Rs. 26.343 Millions for previous year after providing Depreciation, Income
Tax, and other expenses. The total turnover of the Company during the period is
Rs. 532.490 Millions against the previous year`s figure of Rs. 684.765
Millions. Out of the total Turnover of Rs. 532.490 Millions, Rs. 531.736
Millions related to export sales and Rs. 0.753 Million related to Local Sales,
Central Sales, Scrap and Rejection Sales in India. The turnover is increased by
22.24% over the previous year. The company has always focused on enhancing its
competitive edges in cost leadership, brand strength and innovative product
development to expand its market share and therefore your Directors are hopeful
and confident that the performance of the Company in exports of goods will improve
in the coming years and may be able to put more effective check and controls on
cost of expenses, increase in turnover and be able to earn more profits in the
coming years
FIXED ASSETS
·
Building
·
Weighing
Machine
·
Fire
Equipment
·
Type
Writer
·
Fans
And Cooler
·
Photostat
Machine
·
Clock
·
Vehicles
·
Furniture
And Fixture
·
Generator
·
Temporary
Construction
·
Calculator
·
Plant
And Machinery
·
Car
·
Computer
·
Air
Conditioner
·
Electronic
Battery
·
Fax
Machine
·
Refrigerator
·
Water
Filter
·
Intercom
·
Cycle
·
Air
Compressor
·
Cellular
·
Leather
Measurement Machine
·
EPBX
and Delivery Van.
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. 61.94 |
|
|
1 |
Rs. 103.31 |
|
Euro |
1 |
Rs. 85.11 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
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 |
|
48 |
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.