MIRA
INFORM REPORT
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Report Date : |
05.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ACME AIR EQUIPMENTS COMPANY PRIVATE LIMITED |
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Registered
Office : |
Plot No.57/3, 4, 5, Phase-1, G.I.D.C, Vatva, Ahmedabad - 382445,
Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
07.05.2009 |
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Com. Reg. No.: |
04-056856 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.000 Millions |
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CIN No.: [Company Identification
No.] |
U29100GJ2009PTC056856 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA09000F |
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PAN No.: [Permanent Account No.] |
AAHCA7079D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Blower like Twin Lobe Roots Blowers and
Exhausters, etc. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (31) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 40000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Reserves of the company is low, however the company is performing
normal. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
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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) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and January
of 2013/14 which has seen some signs of recovery according to a Care Ratings
report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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. Nehul |
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Designation : |
Assistant Manager |
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Contact No.: |
91-9998620333 |
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Date : |
16.04.2014 |
LOCATIONS
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Registered Office/Factory : |
Plot No.57/3, 4, 5, Phase-1, G.I.D.C, Vatva, Ahmedabad - 382445,
Gujarat, |
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Tel. No.: |
91-79-40265999/ 25831985/ 25835995 |
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Fax No.: |
91-79-25832336 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq. Mtrs. |
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Location : |
Owned |
DIRECTORS
As on 30.09.2013
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Name : |
Mr. Somnath Sadashiv Ranade |
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Designation : |
Managing Director |
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Address : |
C-3, Neelam Park, Jundges Bunglow Road, Bodakdev, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
27.11.1953 |
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Qualification : |
B. E. Mechanical |
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Date of Appointment : |
07.05.2009 |
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PAN No.: |
AAPPR5335Q |
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DIN No.: |
02156323 |
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Other Directorship:
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Name : |
Mr. Ajaysinh Pratapsinh Pardesi |
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Designation : |
Managing Director |
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Address : |
9, Shantakaram Shivranjani Society, Satelite, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
29.10.1948 |
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Qualification : |
B. Com. |
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Date of Appointment : |
07.05.2009 |
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PAN No.: |
AAUPP1381M |
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DIN No.: |
02136816 |
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Other Directorship:
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Name : |
Mrs. Shaileja Somnath Ranade |
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Designation : |
Director |
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Address : |
C-3, Neelam Park, Jundges Bunglow Road, Bodakdev, Ahmedabad – 380015, Gujarat, India |
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Date of Birth/Age : |
07.08.1957 |
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Qualification : |
B. Com. |
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Date of Appointment : |
07.05.2009 |
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PAN No.: |
AAPPR5334R |
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DIN No.: |
02294416 |
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KEY EXECUTIVES
|
Name : |
Mr. Nehul |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Ajaysingh Pratapsingh Pardeshi |
240000 |
40.00 |
|
Somnath Sadashiv Ranade |
240000 |
40.00 |
|
Ritaben Ajaysingh Pardeshi |
30000 |
5.00 |
|
Pradyumna Ajaysingh Pardeshi |
30000 |
5.00 |
|
Shaileja Somnath Ranade |
30000 |
5.00 |
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Induben Sadashiv Ranade |
12000 |
2.00 |
|
Mukund Shankar Chorghade |
18000 |
3.00 |
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Total |
600000 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Blower like Twin Lobe Roots Blowers and
Exhausters, etc. |
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Products : |
· Twin Lobe Roots Blowers and Exhausters Tri-Lobe Rotary Compressors / Exhausters Mechanical Vacuum Boosters and Complete Systems Cement/Fly Ash Feeding System Catalyst Loading / Unloading Systems Pneumatic Conveying Systems Dewatering System Centralized Vacuum Cleaning System Gas Boosters Oil Sealed Rotary High Vacuum Pumps Water Ring Vacuum Pump Two Stage Vacuum Pump Liquid Ring Vacuum Pump Twin Lobe Roots Blowers / Exhausters v Air Cooled
Series and Water Cooled Series · Tri Lobe Roots Blower/ Exhausters v Air Cooled
Series · Vacuum Booster Systems Pneumatic Conveying Systems. Centralized Vacuum Cleaning System Catalyst Unloading System |
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Exports : |
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Products : |
Vacuum Booster Fly Feeding System |
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Countries : |
· Middle East Europe US Bangladesh Brazil |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS (AS ON 31.03.2011)
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Particulars |
Unit |
Actual
Production |
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Blowers |
Nos. |
439 |
GENERAL INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· Small Industries Development Bank of India, 1st Floor Navjivan Amrit Jayanti Bhavan, Navjivan P.O., Ahmedabad - 380014, Gujarat, India Yes Bank Limited, Ahmedabad Branch, Gujarat, India |
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Facilities : |
NOTE LONG TERM
BORROWINGS A Securities for
Term Loans : Term Loan From SIDBI secured against hypothecation of movable (save and except book debts) and mortgage of the immovable properties of the company Arrangement for vehicle on hire are secured by lien on respected vehicle B Terms of
repayment : The terms of repayment of Term Loans from SIDBI [a] (1) Term loan of Rs. 7.000 Millions repayable in 54 instalment, at year end 45 instalments outstanding . (2) Term loan of Rs. 7.000 Millions repayable in 61 instalment, at year end 18 instalments outstanding. (3) Term loan of Rs. 4.000 Millions repayable in 54 instalment, at year end 36 instalments outstanding. (4) Term loan of Rs. 1.400 Millions repayable in 54 instalment, at year end 18 instalments outstanding. [b] Arrangement for vehicle on hire: Out of 37 instalments, 12 instalments outstanding at the year end.-Axis Bank Loan Rs. 0.600 Million Arrangement for vehicle on hire: Out of 36 instalments, 15 instalments outstanding at the year end.-Axis Bank Loan Rs. 0.550 Million C There are no continuous defaults in repayment of loan and interest thereon as on March 31, 2013 for all the loans under this head. D The amount payable to GIDC, Sanand is repayable in 16 quarterly instalments, at the year end 11 instalments outstanding. SHORT TERM BORROWINGS Term Loan From SIDBI secured against hypothecation of movable (save and except book debts) and mortgage of the immovable properties of the company Cash Credit from Axis Bank Secured against hypothecation of stocks and receivables. There is a lien on the plot of land at GIDC Sanand against
the amount payable. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
D. Shah and Associates Chartered Accountant |
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Address : |
311, Panorama Complex, Near Navjivan Press, Ashram Road, Ahmedabad –
380014, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
ACAPS5276J |
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Enterprises
significantly influenced by Directors and /or their relatives: |
· Eleganze Technic Armour Engineers Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 Millions |
|
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
6.000 |
6.000 |
|
(b) Reserves & Surplus |
|
4.057 |
1.961 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
10.057 |
7.961 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
25.207 |
32.381 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.023 |
|
(c) Other long term liabilities |
|
14.966 |
5.090 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
40.173 |
37.494 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
20.457 |
12.255 |
|
(b) Trade payables |
|
19.142 |
22.075 |
|
(c) Other current
liabilities |
|
0.392 |
0.507 |
|
(d) Short-term provisions |
|
2.587 |
0.892 |
|
Total Current Liabilities (4) |
|
42.578 |
35.729 |
|
|
|
|
|
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TOTAL |
|
92.808 |
81.184 |
|
|
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
55.194 |
50.993 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.003 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.482 |
0.324 |
|
(e) Other Non-current assets |
|
2.803 |
2.685 |
|
Total Non-Current Assets |
|
58.482 |
54.002 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
16.760 |
12.947 |
|
(c) Trade receivables |
|
13.350 |
10.483 |
|
(d) Cash and cash
equivalents |
|
0.697 |
0.980 |
|
(e) Short-term loans and
advances |
|
3.422 |
2.660 |
|
(f) Other current assets |
|
0.097 |
0.112 |
|
Total Current Assets |
|
34.326 |
27.182 |
|
|
|
|
|
|
TOTAL |
|
92.808 |
81.184 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
6.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.060 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
7.060 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
10.546 |
|
|
2] Unsecured Loans |
|
|
7.247 |
|
|
TOTAL BORROWING |
|
|
17.793 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
24.853 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
18.484 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.503 |
|
|
DEFERRED TAX ASSETS |
|
|
0.083 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.047 |
|
|
Sundry Debtors |
|
|
15.877 |
|
|
Cash & Bank Balances |
|
|
2.250 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.536 |
|
Total
Current Assets |
|
|
30.710 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
23.643 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
1.411 |
|
Total
Current Liabilities |
|
|
25.054 |
|
|
Net Current Assets |
|
|
5.656 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.127 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
24.853 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
100.443 |
89.364 |
84.433 |
|
|
|
Other Income |
1.372 |
0.357 |
1.359 |
|
|
|
TOTAL (A) |
101.815 |
89.721 |
85.792 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
64.449 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(1.732) |
(3.049) |
|
|
|
|
Employees benefits expense |
11.966 |
10.528 |
|
|
|
|
Other expenses |
16.406 |
13.758 |
|
|
|
|
TOTAL (B) |
91.089 |
82.318 |
79.237 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
10.726 |
7.403 |
6.555 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.539 |
2.539 |
2.167 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.187 |
4.864 |
4.388 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.116 |
3.557 |
3.375 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
3.071 |
1.307 |
1.013 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.975 |
0.406 |
0.366 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
2.096 |
0.901 |
0.647 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.961 |
1.060 |
0.413 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
4.057 |
1.961 |
1.060 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports |
11.480 |
4.979 |
1.193 |
|
|
TOTAL EARNINGS |
11.480 |
4.979 |
1.193 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw materials - Components |
0.278 |
0.297 |
0.008 |
|
|
TOTAL IMPORTS |
0.278 |
0.297 |
0.008 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.49 |
1.50 |
1.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.06 |
1.00 |
0.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.06 |
1.46 |
1.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.31 |
1.61 |
2.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.16 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.54 |
5.61 |
2.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.81 |
0.76 |
1.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
6.000 |
6.000 |
|
Reserves & Surplus |
1.961 |
4.057 |
|
Net
worth |
7.961 |
10.057 |
|
|
|
|
|
long-term borrowings |
32.381 |
25.207 |
|
Short term borrowings |
12.255 |
20.457 |
|
Total
borrowings |
44.636 |
45.664 |
|
Debt/Equity
ratio |
5.607 |
4.541 |
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 |
84.433 |
89.364 |
100.443 |
|
|
|
5.840 |
12.398 |
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 |
84.433 |
89.364 |
100.443 |
|
Profit |
0.647 |
0.901 |
2.096 |
|
|
0.77% |
1.01% |
2.09% |
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 |
Yes |
|
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 |
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 |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10370279 |
18/07/2012 |
10,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. |
B45594108 |
|
2 |
10309912 |
29/09/2011 |
4,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
1ST FLOOR NAVJIVAN AMRIT JAYANTI BAHVAN, NAVJIVAN |
B22426811 |
|
3 |
10190812 |
16/01/2014 * |
31,900,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
1ST FLOOR NAVJIVAN AMRIT JAYANTI BHAVAN, NAVJIVAN |
B94016300 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans From Directors |
5.632 |
4.330 |
|
Loans From Members |
2.200 |
1.942 |
|
Loans From relatives of Directors (Out of the loans received from Directors and Members, Rs. 3.500 Millions are interest free.) |
1.579 |
1.428 |
|
Total |
9.411 |
7.700 |
CONTINGENT
LIABILITIES
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
In respect of guarantees given by Banks and / or counter guarantees given by the Company. |
0.000 |
0.140 |
|
|
|
|
FIXED ASSETS
· Leasehold Land
Buildings
Plant
and Machinery
Furniture
and Fixtures
Computer
Pattern
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
|
|
1 |
Rs.101.68 |
|
Euro |
1 |
Rs.83.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
31 |
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
r3eport. 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.