MIRA
INFORM REPORT
|
Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
TEAM FERRO-ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 357/2/2/1 and 357/2/3/2, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.01.1998 |
|
|
|
|
Com. Reg. No.: |
54-000257 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.633 Millions
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100DN1998PTC000257 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTT00650G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT8925A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ferro Alloy, Core wire and Bio Gas Power
Plant. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. There seems slight dip in the turnover, the company has also incurred a
loss during the financial year 2013. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80 million
was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
01.03.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4 |
|
Rating Explanation |
Minimal degree of safety it carry very high credit risk. |
|
Date |
01.03.2013 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Dinesh Sharma |
|
Designation : |
Senior Accounts Officer |
|
Contact No.: |
91-9909334324 |
|
Date : |
26.03.2014 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Survey No. 357/2/2/1 and 357/2/3/2, |
|
Tel. No.: |
91-260-3290663/ 3251663 |
|
Mobile No.: |
91-9909334324 [Mr. Dinesh Sharma] |
|
Fax No.: |
91-260-2669699 |
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E-Mail : |
|
|
Website : |
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|
Area : |
5000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
Plot No. 79, Universal Annex, IV Floor, Shivaji Nagar, Nagpur-440010, Maharashtra, India |
|
Tel. No.: |
91-712-3018666/ 3018667/ 3018668 |
|
Fax No.: |
91-712-3012660 |
|
|
|
|
Factory 2 : |
Plot No. 3002, G.I.D.C., Sarigram, Valsad-396155, Gujarat, India |
|
Tel. No.: |
91-260-2780131 |
|
|
|
|
Factory 3 : |
Survey No. 19, Village Gunded Balangar Mandal, Mehboob Nagar-509202,
Andhra Pradesh, India |
|
Tel. No.: |
91-8548-320663 |
|
|
|
|
Factory 4: |
A-19/ M.I.D.C, Butibori, District |
|
Tel. No.: |
91-7104-326347 |
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Factory 5 : |
B-17, MIDC, Village Mundipar, Gondia, |
|
Tel. No.: |
91-718-325518 |
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Fax No.: |
91-718-288438 |
|
|
|
|
Factory 6 / Branch Office : |
F-304, Ashish Complex, LSC No. 1, Shreshtha Vihar, Delhi-110092, |
|
Tel. No.: |
91-11-43051000/ 32997808/ 32991581 |
|
Fax No.: |
91-11-43051050/ 60 |
|
|
|
|
Factory 7 : |
Plot No. 79, Universal Annex, IV Floor, Shivaji Nagar, Nagpur-440010, Maharashtra,
India |
|
Tel. No.: |
91-712-3018666/ 3256557 |
|
Fax No.: |
91-712-3012660 |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Sandeep Rameshkumar Goenka |
|
Designation : |
Director |
|
Address : |
204, Yash Complex, Amravati Road, Ravi Nahar, Nagpur – 440010, Maharashtra, India |
|
Date of Birth/Age : |
04.11.1971 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00920923 |
|
PAN No.: |
ADYPG4796J |
|
|
|
|
Name : |
Mr. Manoj Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
M-11, Anupam Nagar, Raipur – 493332, Chattisgarh, India |
|
Date of Birth/Age : |
25.11.1964 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00921305 |
|
PAN No.: |
AFQPA3006F |
|
|
|
|
Name : |
Mr. Anoop Kumar Gutgutia |
|
Designation : |
Whole-time director |
|
Address : |
801, Balaji Tower, Daman Road, Chala, Vapi – 396191, Gujarat, India |
|
Date of Birth/Age : |
11.01.1961 |
|
Date of Appointment : |
28.01.1998 |
|
DIN No.: |
00922280 |
|
PAN No.: |
AFDPG6973N |
|
|
|
|
Name : |
Mr. Rajeshkumar Janardan Singh |
|
Designation : |
Director |
|
Address : |
CM-8/13, Dharti Chambers, N.H. No.8, Opposite, Daman Ganga Times, Gid Vapi I.E., Pardi, Valsad – 396195, Gujarat, India |
|
Date of Appointment : |
28.01.1998 |
|
DIN No.: |
01938490 |
|
PAN No.: |
AHKPS9891A |
|
|
|
|
Name : |
Mr. Singh Ramjanam |
|
Designation : |
Director |
|
Address : |
G-401, Nishigandh Apartment, Royal Garden, Chala, Via Vapi, Vapi - 396191, Gujarat, India |
|
Date of Appointment : |
28.01.1998 |
|
DIN No.: |
02264763 |
|
|
|
|
Name : |
Mr. Shankar Narayan Kalwani |
|
Designation : |
Director |
|
Address : |
Sai Colony, Krushnapura Ward, Bapat Chawl, Gondia - 441614, Maharashtra, India |
|
Date of Appointment : |
13.08.2012 |
|
DIN No.: |
06364431 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh Sharma |
|
Designation : |
Senior Accounts Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anoop Kumar Gutgutia |
|
21552 |
|
Singh Ramjanam |
|
27810 |
|
Zenco Advisory Services Private Limited, India |
|
23900 |
|
Asha Gutgutia |
|
9215 |
|
Rama R. Singh |
|
3571 |
|
Sandeep Rameshkumar Goenka |
|
35204 |
|
Manoj Kumar Agrawal |
|
35377 |
|
Bela Properties Private Limited, India |
|
2333 |
|
Siddha Ventures Limited, India |
|
8333 |
|
Gopalka Savings and Investment Private Limited, India |
|
2500 |
|
Gurudham Sales Private Limited, India |
|
15250 |
|
Rajeshkumar Janardan Singh |
|
8275 |
|
Suvidha Suppliers Private Limited, India |
|
330 |
|
Saral Metallurgicals Private Limited, India |
|
29714 |
|
Niraj R.J. Singh |
|
2377 |
|
Ragini Ramjanam Singh |
|
588 |
|
S K Freeo Alloys, India |
|
1 |
|
TOTAL |
|
226330 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
35.67 |
|
Directors or relatives of Directors |
64.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ferro Alloy, Core wire and Bio Gas Power Plant. |
||||
|
|
|
||||
|
Products : |
· LC Ferro Managanse · Ferro Chrome · Ferro Silicon ·
Low Carbon ·
Medium Carbon ·
Extra low carbon ·
Ferro-Alloy producer ·
Produce Ferro Silico Calcium Cored
Wire ·
Calcium Iron Cored Wire ·
Calcium Iron Aluminium Cored Wire ·
Calcium Cored Wire ·
Ferro Boron Cored Wire ·
Ferro Titanium Cored Wire |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Mid Corporate Branch, Shanti
Complex, B/H. 21st Century Hospital, G.I.D.C., Vapi - 396195, Gujarat, India ·
Punjab National Bank, GIDC Branch, Narayan Chambers,
National Highway, Vapi – 396195, Gujarat, India ·
Punjab National Bank, Gunjan Road, Near Hotel
Galaxy, GIDC, Char Rasta, Vapi - 396195, Gujarat, India |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Mukesh Kumar Jain and Company Chartered Accountants |
|
Address : |
42/43/44, 2nd Floor, Sahara Market, Near
Reliance Petrol Pump, Silvassa- Vapi Main Road, Vapi-396191, Gujarat, India |
|
Tel. No.: |
91-260-6543877/ 2422966 |
|
Mobile No.: |
91-9825198946 |
|
PAN No.: |
ABNPJ2331F |
|
|
|
|
Subsidiary company
: |
Team Remedies Private Limited |
|
|
|
|
Associate : |
· Saturn Ferro Alloys Private Limited · Saral Metallurgicals Private Limited · Saumyaa Alloys Private Limited · Boon Metal and Alloys Corp · Saral Industries ·
Sri Ganesh Ferro Alloys |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
226330 |
Equity Shares |
Rs.100/-
each |
Rs.22.633
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 |
22.633 |
22.633 |
22.383 |
|
(b) Reserves & Surplus |
228.687 |
273.022 |
247.679 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
6.700 |
10.700 |
2.500 |
|
Total
Shareholders’ Funds (1) + (2) |
258.020 |
306.355 |
272.562 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
112.673 |
166.328 |
191.149 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
16.177 |
12.948 |
|
(c) Other long term liabilities |
100.501 |
0.374 |
0.405 |
|
(d) long-term provisions |
6.111 |
0.597 |
0.000 |
|
Total Non-current Liabilities (3) |
219.285 |
183.476 |
204.502 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
225.639 |
287.681 |
345.296 |
|
(b) Trade payables |
179.177 |
185.324 |
61.374 |
|
(c) Other current
liabilities |
70.021 |
74.395 |
99.330 |
|
(d) Short-term provisions |
1.396 |
5.556 |
13.343 |
|
Total Current Liabilities (4) |
476.233 |
552.956 |
519.343 |
|
|
|
|
|
|
TOTAL |
953.538 |
1042.787 |
996.407 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
390.138 |
408.970 |
417.767 |
|
(ii) Intangible Assets |
0.230 |
0.345 |
0.460 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.245 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
17.852 |
23.619 |
22.683 |
|
(c) Deferred tax assets (net) |
3.542 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19.506 |
18.190 |
17.443 |
|
(e) Other Non-current assets |
6.550 |
6.355 |
6.355 |
|
Total Non-Current Assets |
437.818 |
457.479 |
464.953 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
98.185 |
192.242 |
245.026 |
|
(c) Trade receivables |
323.498 |
211.073 |
184.992 |
|
(d) Cash and cash
equivalents |
16.417 |
115.609 |
45.654 |
|
(e) Short-term loans and
advances |
74.097 |
64.943 |
52.306 |
|
(f) Other current assets |
3.523 |
1.441 |
3.476 |
|
Total Current Assets |
515.720 |
585.308 |
531.454 |
|
|
|
|
|
|
TOTAL |
953.538 |
1042.787 |
996.407 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
1505.880 |
|
NA |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1505.880 |
1751.970 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1550.274 |
1707.512 |
NA |
|
|
|
(Including
Financial Expenses) |
(Including
Financial Expenses) |
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
102.417 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
54.716 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(44.394) |
44.458 |
47.701 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.818 |
20.595 |
20.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(65.212) |
23.863 |
27.489 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(19.562) |
3.370 |
13.003 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(45.650) |
20.493 |
14.486 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss)Per Share (Rs.) |
(201.70) |
90.54 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(3.03) |
1.17 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.00) |
2.34 |
2.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.25) |
0.08 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.31 |
1.48 |
1.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.06 |
1.02 |
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 |
22.383 |
22.633 |
22.633 |
|
Reserves & Surplus |
247.679 |
273.022 |
228.687 |
|
Share Application money pending allotment |
2.500 |
10.700 |
6.700 |
|
Net
worth |
272.562 |
306.355 |
258.020 |
|
|
|
|
|
|
long-term borrowings |
191.149 |
166.328 |
112.673 |
|
Short term borrowings |
345.296 |
287.681 |
225.639 |
|
Total
borrowings |
536.445 |
454.009 |
338.312 |
|
Debt/Equity
ratio |
1.968 |
1.482 |
1.311 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1751.970 |
1505.880 |
|
|
|
(14.046) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1751.970 |
1505.880 |
|
Profit / (Loss) |
20.493 |
(45.650) |
|
|
1.17% |
(3.03%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current maturities of long-term debt |
60.775 |
60.949 |
55.949 |
|
|
|
|
|
|
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two 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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
NOTE:
The registered office of the company has been shifted from 204/205,
Pancharatna Building, Char Rasta, GIDC, Vapi - 396195, Gujarat, India to the
present w.e.f.09.06.2007.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
Intercorporate borrowings |
23.500 |
15.000 |
|
Deposits from shareholder |
15.950 |
15.950 |
|
Total |
39.450 |
30.950 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10260657 |
13/08/2012 * |
732,100,000.00 |
STATE BANK OF INDIA |
MID CORPORATE BRANCH, SHANTI COMPLEX, B/H. 21ST CENTURY
HOSPITAL, G.I.D.C., VAPI - 396195, GUJARAT, |
B56280696 |
|
2 |
10213692 |
28/10/2010 * |
732,100,000.00 |
STATE BANK OF INDIA |
SPECIALIZED COMMERCIAL BRANCH, VIA HOUSE (ANNEXE) |
A99177727 |
|
3 |
10181960 |
30/09/2009 |
2,665,000.00 |
PUNJAB NATIONAL BANK |
FIRST FLOOR, NARAYAN CHAMBERS, OFF HIGHWAY, VAPI - 396195,
|
A71928725 |
|
4 |
10130778 |
04/10/2008 |
859,000.00 |
PUNJAB NATIONAL BANK |
GUNJAN ROAD, GIDC CHAR RASTA, VAPI - 396195, GUJARAT, INDIA |
A50737055 |
|
5 |
10061155 |
17/07/2007 |
1,050,000.00 |
Punjab National Bank |
GUNJAN ROAD, NEAR HOTEL GALAXY, GIDC CHAR RASTA, VAPI - 396195, GUJARAT, INDIA |
A19789528 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Laboratory Equipment
·
Vehicles
·
Furniture and Fixture
·
Office Equipment
·
Electrification
·
Goodwill
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.60.17 |
|
|
1 |
Rs.99.39 |
|
Euro |
1 |
Rs.83.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
4 |
|
--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 |
|
29 |
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.