|
Report Date : |
07.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
GALLIUM INDUSTRIES LIMITED |
|
|
|
|
Formerly Known
As : |
GALLIUM EQUIPMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
24, Ishwar Nagar, New Friends Colony, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.07.1985 |
|
|
|
|
Com. Reg. No.: |
55-021377 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1985PLC021377 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTG03616E / RTKG03939F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG0108J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Tube Mill, Tube Mill Equipments, Tube Mill Rolls, Shafts and Undertake Installation on Turnkey Basis. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 38000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Exists |
|
|
|
|
Comments : |
Subject is a well-established company having a moderate track record. There seem accumulated losses recorded by the company during 2013. However, trade relations are fair. Business is active. Payment terms
are slow. The company can be considered for business dealings with great
caution. |
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
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. Kiran Aroro |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-129-2309934 |
|
Date : |
18.03.2014 |
LOCATIONS
|
Registered Office : |
24, Ishwar Nagar, New Friends Colony, |
|
Tel. No.: |
91-129-2309933 |
|
Mobile No: |
91-9818109861 (Mr. Angshuman Dutta) |
|
Fax No.: |
91-129-2309619 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2 Acres |
|
Location : |
Owned |
|
|
|
|
Corporate Office / Factory 1: |
Plot No. 117, Sector
59, HSIDC Industrial Estate, Ballabgarh, |
|
Tel. No.: |
91-129-2309933/ 34/ 4150117 |
|
Fax No.: |
91-129-2309619 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 2: |
Palwal District |
|
Area : |
1 Acres |
|
Location : |
Owned |
|
|
|
|
Factory 3: |
Noida |
|
Area : |
800 Sq. yds |
|
Location : |
Leased |
DIRECTORS
AS ON 28.10.2013
|
Name : |
Mr. Morihiro Kusakabe |
|
Designation : |
Director |
|
Address : |
8-3, Noda- Dori, Tarumi-Ku, Kobe, 6512241,
Japan |
|
Date of Appointment : |
28.07.2001 |
|
DIN No.: |
00110063 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74899DL1985PLC021377
|
GALLIUM
INDUSTRIES LIMITED |
Director |
28/07/2001 |
28/07/2001 |
- |
Active |
NO |
|
2 |
U27109HR2003PTC035250
|
MARUICHI KUMA STEEL
TUBE PRIVATE LIMITED |
Director |
25/11/2003 |
25/11/2003 |
27/10/2009 |
Active |
NO |
|
3 |
U29253HR2009FTC039557
|
KUSAKABE INDIA
PRIVATE LIMITED |
Director |
01/10/2009 |
01/10/2009 |
- |
Active |
NO |
|
Name : |
Ms. Rajesh Meena |
|
Designation : |
Director |
|
Address : |
D‐I I /2 Sanchar Path, Bhagat Singh Marg Cscheme, Jaipur-302001,
Rajasthan, India |
|
Date of Appointment : |
20.06.2013 |
|
Date amd Cessation : |
23.12.2013 |
|
DIN No.: |
00834499 |
|
|
|
|
Name : |
Mr. Yogesh Kumar Bhatia |
|
Designation : |
Managing Director |
|
Address : |
H.No.24, IInd Floor, Ishwar Nagar, New Friends Colony, New Delhi,
110065, Delhi, India |
|
Date of Appointment : |
01.07.1985 |
|
DIN No.: |
00856648 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74899DL1985PLC021377
|
GALLIUM
INDUSTRIES LIMITED |
Managing
director |
01/04/2009 |
01/07/1985 |
- |
Active |
NO |
|
2 |
U27109HR2003PTC035250
|
MARUICHI KUMA
STEEL TUBE PRIVATE LIMITED |
Director |
25/11/2003 |
25/11/2003 |
27/10/2009 |
Active |
NO |
|
3 |
U29253DL2006PTC155375
|
SAMCO MACHINERY
INDIA PRIVATE LIMITED |
Director |
10/11/2006 |
10/11/2006 |
29/09/2008 |
Active |
NO |
|
4 |
U27107DL2008PTC184665
|
PROLIFIQUE ROLLS
PRIVATE LIMITED |
Director |
04/11/2008 |
04/11/2008 |
- |
Active |
NO |
|
5 |
U74999HR2013PTC050779
|
GALLIUM
ENGINEERING AND MANAGEMENT SERVICE PRIVATE LIMITED |
Director |
21/01/2014 |
21/01/2014 |
- |
Active |
NO |
|
Name : |
Mr. Yukio Kusakabe |
|
Designation : |
Director |
|
Address : |
1‐13,3 Sakagami Tarumi Kukobejapan, Kobe, 6580084, Japan |
|
Date of Appointment : |
28.07.2001 |
|
DIN No.: |
01448754 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74899DL1985PLC021377
|
GALLIUM
INDUSTRIES LIMITED |
Director |
28/07/2001 |
28/07/2001 |
- |
Active |
NO |
|
2 |
U27109HR2003PTC035250
|
MARUICHI KUMA
STEEL TUBE PRIVATE LIMITED |
Director |
25/11/2003 |
25/11/2003 |
25/10/2011 |
Active |
NO |
|
3 |
U29253DL2006PTC155375
|
SAMCO MACHINERY
INDIA PRIVATE LIMITED |
Director |
29/09/2007 |
31/01/2007 |
29/09/2008 |
Active |
NO |
|
4 |
U29253HR2009FTC039557
|
KUSAKABE INDIA
PRIVATE LIMITED |
Director |
01/10/2009 |
01/10/2009 |
- |
Active |
NO |
|
Name : |
Mr. Sanjay Naveen Gowan |
|
Designation : |
Nominee Director |
|
Address : |
House of Shri
S.C.Gupta, 68‐B, First Floor, Rajpur Road, Dehradun,
248001, Uttarakhand, India |
|
Date of Appointment : |
22.01.2013 |
|
Date of Cessation |
22.01.2013 |
|
DIN No.: |
02306942 |
|
|
|
|
Name : |
Mr. Angshuman Dutta |
|
Designation : |
Director |
|
Address : |
H. No. 760, I Floor, Sector 21A, Faridabad, 121004, Haryana, India |
|
Date of Appointment : |
06.07.2011 |
|
DIN No.: |
02345044 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U72900DL2008PTC184661
|
CYBERKNOTS
SOLUTIONS PRIVATE LIMITED |
Director |
04/11/2008 |
04/11/2008 |
Active |
NO |
|
2 |
U74899DL1985PLC021377
|
GALLIUM
INDUSTRIES LIMITED |
Director |
06/07/2011 |
06/07/2011 |
Active |
NO |
|
3 |
U74999HR2013PTC050779
|
GALLIUM
ENGINEERING AND MANAGEMENT SERVICE PRIVATE LIMITED |
Director |
21/01/2014 |
21/01/2014 |
Active |
NO |
|
Name : |
Ms. Antara Dutta |
|
Designation : |
Director |
|
Address : |
4 Lake Shore Ln,
Landenberg Pa, Landenberg Pa, 19350, , United States of America |
|
Date of Appointment : |
22.06.2007 |
|
DIN No.: |
03494410 |
KEY EXECUTIVES
|
Name : |
Mr. Kiran Aroro |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.10.2013
|
Names of Shareholders |
No. of Shares |
|
Yogesh Kumar
Bhatia |
45000 |
|
Arun Dutta |
2800 |
|
Aniq Husain |
29800 |
|
Rekha Bhatia |
40000 |
|
Sabiha Husain |
55000 |
|
Neeta Batra |
40000 |
|
Angsuman Dutta |
10000 |
|
Kusakabe
Electric Machine Company Limited |
765000 |
|
Sushil Gupta |
130000 |
|
Seshagari
Natarajan |
31000 |
|
Sarda Natarajan |
4000 |
|
Subhanker Dutta |
177200 |
|
Antra Dutta |
170000 |
|
SIDBI |
200 |
|
TOTAL
|
1500000 |
AS ON 23.12.2013
|
Names of Allottees |
No. of Shares |
|
Rare Worldwide
Fze, UAE |
1500000 |
|
TOTAL |
1500000 |
AS ON 28.10.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
51.01 |
|
Directors or relatives of Directors |
48.99 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Tube Mill, Tube Mill Equipments, Tube Mill Rolls, Shafts and Undertake Installation on Turnkey Basis. |
||||||||
|
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|
Products : |
|
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Exports : |
|
||||||||
|
Products : |
|
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Imports : |
|
||||||||
|
Products : |
Raw Material |
||||||||
|
Countries : |
|
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
L/C |
||||||||
|
|
|
||||||||
|
Purchasing : |
L/C, T/T |
GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P Swarup and Company Chartered Accountant |
|
Address : |
Plot No-108, Garg Plaza, Bhera Enclave, New Delhi-110087, India |
|
Tel. No.: |
91-11-25264890 |
|
Mobile No.: |
91-9810540577 |
|
PAN No.: |
AAFPC2723B |
|
|
|
|
Holding Company : |
Kusakabe Electric Machine Company Limited |
|
|
|
|
Subsidiaries : |
Prolifique Rolls Private Limited CIN No.:
U27107DL2008PTC184665 |
CAPITAL STRUCTURE
AS ON 28.10.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000
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 |
15.000 |
15.000 |
15.000 |
|
(b) Reserves & Surplus |
(5.411) |
(5.982) |
77.943 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
9.589 |
9.018 |
92.943 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
104.194 |
107.511 |
111.758 |
|
(b) Deferred tax liabilities
(Net) |
6.072 |
4.582 |
9.091 |
|
(c) Other long term
liabilities |
299.701 |
0.000 |
0.000 |
|
(d) long-term provisions |
8.958 |
11.407 |
6.347 |
|
Total
Non-current Liabilities (3) |
418.925 |
123.500 |
127.196 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
315.321 |
334.475 |
316.250 |
|
(b) Trade payables |
44.415 |
68.621 |
117.547 |
|
(c) Other current liabilities |
298.876 |
375.402 |
324.379 |
|
(d) Short-term provisions |
1.294 |
1.069 |
1.239 |
|
Total
Current Liabilities (4) |
659.906 |
779.567 |
759.415 |
|
|
|
|
|
|
TOTAL |
1088.420 |
912.085 |
979.554 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
111.661 |
116.911 |
126.326 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
1.866 |
1.866 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.419 |
0.405 |
|
(e) Other Non-current assets |
12.508 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
124.169 |
119.196 |
128.597 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
711.484 |
615.484 |
545.065 |
|
(c) Trade receivables |
62.646 |
58.452 |
151.939 |
|
(d) Cash and cash equivalents |
34.107 |
24.891 |
18.105 |
|
(e) Short-term loans and
advances |
156.014 |
94.062 |
135.540 |
|
(f) Other current assets |
0.000 |
0.000 |
0.308 |
|
Total
Current Assets |
964.251 |
792.889 |
850.957 |
|
|
|
|
|
|
TOTAL |
1088.420 |
912.085 |
979.554 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
548.461 |
411.844 |
359.668 |
|
|
Other Income |
12.757 |
2.772 |
15.684 |
|
|
TOTAL
(A) |
561.218 |
414.616 |
375.352 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
414.371 |
381.409 |
219.931 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(76.001) |
(134.993) |
(48.204) |
|
|
Employees benefits expense |
73.581 |
74.988 |
49.172 |
|
|
Other expenses |
67.676 |
103.198 |
85.952 |
|
|
TOTAL
(B) |
479.627 |
424.602 |
306.851 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
81.591 |
-9.986 |
68.501 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
72.377 |
71.164 |
61.547 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.214 |
(81.150) |
6.954 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
6.653 |
7.285 |
4.980 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
2.561 |
(88.435) |
1.974 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
1.990 |
(4.510) |
(0.640) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
0.571 |
(83.925) |
2.614 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
22.723 |
102.579 |
131.434 |
|
|
TOTAL
EARNINGS |
22.723 |
102.579 |
131.434 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
5.399 |
24.787 |
29.157 |
|
|
TOTAL
IMPORTS |
5.399 |
24.787 |
29.157 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.38 |
(55.95) |
1.74 |
Expected Sales (2013-2014) : Rs. 700.000 Millions
The above information has been parted by Mr. Kiran Arora .
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
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 |
LITIGATION
DETAILS:
|
IN
THE HIGH COURT OF DELHI AT NEW DELHI |
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
Term Loan from
Banks |
|
|
|
Debentures |
97.500 |
100.000 |
|
|
|
|
|
TOTAL |
97.500 |
100.000 |
|
NOTES LONG TERM
BORROWINGS A)
Debenture OCDRs shall be redeemed/repaid by the borrower to SIDBI
in 25 quarterly installments comprising first 5 installments of Rs. 25 lac
each, next 8 installments of Rs. 35 lac each. Next 4 installments of Rs. 45
lac each, next 7 installments of Rs 50 lac each an final installment of Rs.
65 lac commencing from March, 10, 2013. OCDRs shall be secured by residual charge by way of
hypothecation on all movable assets of the borrower, both present and future,
including but not limiting to (a) plant and machinery, equipment, miscellaneous
fixed assets etc., (b) the current assets, including but not limiting to. all
stocks of raw materials, work-in-progress, semi-finished goods, finished
goods, packing materials, stores etc. and (c) book debts, receivables and
other actionable claims due to the borrower, in such form as may be required
by SIDBI. Personal guarantee of Shri yogesh Kumar bhatia and Shri Aniq Husain
is given against OCDR's |
||
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10332755 |
16/01/2012 |
100,000,000.00 |
Small Industries Development Bank of India
(SIDBI) |
Videocon Tower, Ground Floor,, E- 1, Rani
Jhansi |
B30908776 |
|
2 |
10151731 |
25/03/2009 |
1,500,000.00 |
Small Industries Development Bank of India
(SIDBI) |
Ground floor, Videocon Tower, Rani Jhansi Road,
Jhandewalan Extn., New Delhi, Delhi - 110055, India |
A60182706 |
|
3 |
10083598 |
16/04/2013 * |
305,000,000.00 |
STATE BANK OF PATIALA |
Mid Corporate Branch,, Shubham Complex,
Neelam BATA Road, Nit, Faridabad, Haryana - 121002, India |
B74396540 |
|
4 |
10065902 |
22/08/2007 |
10,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
Sidbi Tower, 15 Ashok Marg, Lucknow, Uttar
Pradesh - 226001, India |
A22061774 |
|
5 |
10066615 |
22/08/2007 |
100,000,000.00 |
INDUSIND BANK LTD. |
Nehru Place Branch, Nehru Place, New
Delhi, Delhi - 110019, India |
A22433585 |
|
6 |
10042308 |
10/07/2008 * |
50,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru Centre, Discovery Of
India, Dr. Annie Besant Road, Worli,, Mumbai, Maharashtra - |
A59949289 |
|
* Date of charge modification |
||||||
NATURE OF
OPERATION
Subject hereafter referred to as ‘the company’ is a Manufacturing of
Tube Mill Equipments and Its Allied Parts.
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. 60.20 |
|
|
1 |
Rs. 101.68 |
|
Euro |
1 |
Rs. 83.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
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.