MIRA
INFORM REPORT
|
Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
NAVRAN ADVANCED NANOPRODUTS DEVELOPMENT INTERNATIONAL PRIVATE LIMITED |
|
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|
Registered Office : |
N-59, Greater Kailash, Part-I, New Delhi – 110048, Delhi |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
13.03.2008 |
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Com. Reg. No.: |
55-175334 |
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Capital
Investment / Paid-up Capital : |
Rs. 25.748 Millions |
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CIN No.: [Company
Identification No.] |
U28910DL2008PTC175334 |
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|
TAN No.: [Tax
Deduction & Collection Account No.] |
DEN09056F |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Manufacturing of Nano- Products
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No. of employees : |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The company possesses a weak financial profile marked by high gearing
and weak debt protection metrics. Management has witnessed a further moderation in its financial profile
basis of weak liquidity caused by depressed revenue and cash accruals due to
consecutive losses for past few years. The ratings also take into consideration the intense competition along
with the increased demand for cleaner transportation fuels, which in turn has
resulted in an increased demand for fuel additives to be used by the refiners
in their petroleum products during the current scenario. Business is active. Payment terms are reported as slow. In view of extensive industry experience of the promoters and future
outlook of the industry, the subject can be considered for business dealings
on a safe and secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = D |
|
Rating Explanation |
Default or are expected to be in default soon. |
|
Date |
07.02.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE
CONTACT NO.: 91-11-29247227
LOCATIONS
|
Registered Office : |
N-59, Greater Kailash, Part-I, New Delhi – 110048, Delhi. |
|
Tel. No.: |
91-11-29247227 / 29239817 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
Nand Ipl, 10B, Sectro – 30, Opposite 32nd Milestone,
Gurgaon – 122001, Haryana, India |
|
Tel. No.: |
91-124-4200657 / 58 / 59 |
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|
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Site Office : |
Located at Himachal Pradesh |
DIRECTORS
As on 30.09.2013
|
Name : |
Mrs. Binit Kumar |
|
Designation : |
Whole Time Director |
|
Address : |
Flat No. 18014, Tower-5, Close north, Nirvana Country, Gurgaon -
122001, Haryana, India |
|
Date of Birth/Age : |
17.08.1973 |
|
Date of Appointment : |
10.07.2008 |
|
DIN No.: |
02243303 |
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|
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|
Name : |
Mr. Abhinava Kumar |
|
Designation : |
Director |
|
Address : |
4789, |
|
Date of Birth/Age : |
05.11.1964 |
|
Date of Appointment : |
10.07.2008 |
|
DIN No.: |
02084942 |
|
|
|
|
Name : |
Mr. Prakash Dahyabhai Patel |
|
Designation : |
Nominee Director |
|
Address : |
16 Seabrook, Drive West Wickham - 999999 |
|
Date of Birth/Age : |
16.09.1956 |
|
Date of Appointment : |
31.10.2011 |
|
DIN No.: |
02161671 |
|
Name : |
Mr. Sat Pal Khattar |
|
Designation : |
Nominee Director |
|
Address : |
3-D, Tanglin Hill, Singapore |
|
Date of Birth/Age : |
22.11.1942 |
|
Date of Appointment : |
31.10.2011 |
|
DIN No.: |
00307293 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
Note : Shareholders Details File Attached.
Date of Allottees 24.09.2013
|
Name of
Allottees |
|
No. of Share |
|
Khattar Holdings Private Limited, India |
|
615384 |
|
|
|
|
|
Total |
|
615384 |
Date of Allottees 02.01.2013
|
Name of
Allottees |
|
No. of Share |
|
Khattar Holdings Private Limited, India |
|
102993 |
|
|
|
|
|
Total |
|
102993 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
79.00 |
|
Bodies corporate |
20.00 |
|
Directors or relatives of Directors |
1.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Nano- Products
|
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GENERAL INFORMATION
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No. of employees : |
Information declined by the management. |
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Bankers : |
·
State Bank of Patiala, 91, IDC, MG Road, Gurgaon
– 122001, Haryana, India ·
State Bank of Patiala, UNA Branch, Una - 174303,
Himachal Pradesh, India |
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Facilities : |
LONG TERM
BORROWINGS ** Rupee loans
from Bank is secured by: Primary Security a) 1st charge on
the current assets of the company (both present and future) Collateral
Security a) Extension of
charge on existing properties, corporate office at G-10B, Ground floor, Park
Centra, Gurgaon, Haryana, already mortgaged to the bank in term loan
facility. b) Charge on
pledge of 30% shares of the company. c) Charge on the
entire fixed assets (both movables and immovables) of the company (both
present and future) including mortgage of land and building measuring 25036
sq. Mtr d)Extension of
charge on land measuring 2889 sqm in the name of co. purchased subsequently
by the company adjoining project site. e) Personal
gurantee of the directors and others f) For working
capital credit facility of cash credit limit of Rs. 30.000 Millions, PCFC/EPC
credit of Rs. 22.500 Millions (within
CC limit) and Non LC foreign bill discount(PSC) limit (within CC limit) of
Rs. 15.000 Millions. g) Non Fund based limits of L/C Rs. Rs. 15.000 Millions (within CC
Limit of Rs. 30. 000 Millions) Rescheduling of Loan Terms of repayment are as
under as per the revised sanction letter dated 31.05.2013 Unpaid interest on
term loan and cc accruing, being converted into funded interest term loan
(fitl) totaling to Rs. 67.000 Millions Revised repayment schedule: Term loan
of Rs. 233.000 Millions to be repaid in 16 Qtly instalments begining frm June
2015 and for FITL of Rs. 67.000 Millions to be repaid in 10 Qtly instalments begining from Oct-Dec 2013. SHORT TERM
BORROWINGS ** Rupee loans
from Bank is secured by: Primary Security a) 1st charge on
the current assets of the company (both present and future) Collateral
Security a) Extension of
charge on existing properties, corporate office at G-10B, Ground floor, Park
Centra, Gurgaon, Haryana, already mortgaged to the bank in term loan
facility. b) Charge on
pledge of 30% shares of the company. c) Charge on the
entire fixed assets (both movables and immovables) of the company (both
present and future) including mortgage of land and building measuring 25036
sq. Mtr d)Extension of
charge on land measuring 2889 sqm in the name of co. purchased subsequently
by the company adjoining project site. e) Personal
gurantee of the directors and others f) For working
capital credit facility of cash credit limit of Rs. 30.000 Millions, PCFC/EPC
credit of Rs. 22.500 Millions (within CC limit) and Non LC foreign bill
discount(PSC) limit (within CC limit) of Rs. 15.000 Millions. g) Non Fund based limits of L/C Rs. 15.000 Millions (within CC Limit
of Rs. . 30.000 Millions) |
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Banking
Relations : |
--- |
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|
|
Financial
Institutions : |
Director Of Industries Through GM DIC, UNA Branch, Una - 174303, Himachal
Pradesh, India |
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|
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Auditors : |
|
|
Name : |
Akar and Associates Chartered Accountants |
|
Address : |
N-59, Greater Kailash, New Delhi-11004, |
|
Pan No.: |
AACFK5444Q |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4,000,000 |
Equity Share |
Rs.10/- Each |
Rs. 40.000Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,902,796 |
Equity Share |
Rs.10/- Each |
Rs. 19.028
Million |
|
|
|
|
|
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2,000,000 |
Equity Share |
Rs.10/- Each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1287412 |
Equity Share |
Rs.10/- Each |
Rs. 12.874
Million |
|
|
|
|
|
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 |
12.874 |
11.159 |
11.041 |
|
(b) Reserves & Surplus |
15.598 |
88.572 |
153.204 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
5.002 |
8.841 |
2.501 |
|
Total
Shareholders’ Funds (1) + (2) |
33.474 |
108.572 |
166.746 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
283.727 |
309.703 |
202.431 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.912 |
0.859 |
0.000 |
|
Total
Non-current Liabilities (3) |
285.639 |
310.562 |
202.431 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
30.160 |
29.410 |
29.693 |
|
(b) Trade payables |
3.764 |
9.021 |
8.258 |
|
(c) Other current liabilities |
105.111 |
19.205 |
57.510 |
|
(d) Short-term provisions |
0.109 |
0.041 |
0.000 |
|
Total
Current Liabilities (4) |
139.144 |
57.677 |
95.461 |
|
|
|
|
|
|
TOTAL |
458.257 |
476.811 |
464.638 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
393.630 |
404.462 |
410.562 |
|
(ii) Intangible Assets |
1.528 |
0.286 |
0.106 |
|
(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 |
0.050 |
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.103 |
2.936 |
1.132 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.188 |
|
Total
Non-Current Assets |
396.311 |
407.734 |
412.038 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
42.193 |
41.780 |
32.275 |
|
(c) Trade receivables |
7.398 |
12.390 |
1.993 |
|
(d) Cash and cash equivalents |
0.298 |
0.839 |
1.126 |
|
(e) Short-term loans and
advances |
5.021 |
6.873 |
8.969 |
|
(f) Other current assets |
7.036 |
7.195 |
8.237 |
|
Total
Current Assets |
61.946 |
69.077 |
52.600 |
|
|
|
|
|
|
TOTAL |
458.257 |
476.811 |
464.638 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
22.614 |
49.672 |
NA |
|
|
Other Income |
2.190 |
1.989 |
NA |
|
|
TOTAL
(A) |
24.804 |
51.661 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
11.108 |
20.444 |
|
|
|
Purchase stock in trade |
0.000 |
4.153 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.321) |
(5.006) |
|
|
|
Employees benefits expense |
41.239 |
11.407 |
|
|
|
Other expenses |
27.318 |
35.070 |
|
|
|
TOTAL
(B) |
78.344 |
66.068 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(53.540) |
(14.407) |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.224 |
15.504 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(69.764) |
(29.911) |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
41.760 |
40.500 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
(111.524) |
(70.411) |
NA |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
(111.524) |
(70.411) |
(19.120) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
12.844 |
30.025 |
2.026 |
|
|
TOTAL
EARNINGS |
12.844 |
30.025 |
2.026 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials, Components and
Stores parts |
4.074 |
15.531 |
NA |
|
|
Capital Goods |
0.021 |
0.840 |
NA |
|
|
TOTAL
IMPORTS |
4.095 |
16.371 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
|
Basic |
(94.00) |
(64.00) |
-- |
|
|
Diluted
|
(45.00) |
(56.00) |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(449.62) |
(136.29) |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(493.16) |
(141.75) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(24.33) |
(14.76) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(3.33) |
(0.64) |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
9.37 |
3.12 |
1.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.44 |
1.19 |
0.55 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
11.041 |
11.159 |
12.874 |
|
Reserves & Surplus |
153.204 |
88.572 |
15.598 |
|
Share Application money
pending allotment |
2.501 |
8.841 |
5.002 |
|
Net
worth |
166.746 |
108.572 |
33.474 |
|
|
|
|
|
|
long-term borrowings |
202.431 |
309.703 |
283.727 |
|
Short term borrowings |
29.693 |
29.410 |
30.160 |
|
Total
borrowings |
232.124 |
339.113 |
313.887 |
|
Debt/Equity
ratio |
1.392 |
3.123 |
9.377 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
|
49.672 |
22.614 |
|
|
|
|
(54.473) |
NET PROFIT MARGIN
|
Net Profit
Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
|
49.672 |
22.614 |
|
Profit After Tax |
|
(111.524) |
(70.411) |
|
|
|
(224.52%) |
(311.36%) |
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 |
No |
|
9] |
Name of
person contacted |
No |
|
10] |
Designation
of contact person |
No |
|
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 |
Yes |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
No |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
-- |
|
22] |
Litigations
that the firm / promoter involved in |
-- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct of
the banking account |
-- |
|
26] |
Buyer visit
details |
-- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
Note :
The Registered office of the
company has been shifted from 204, Mamram Majestic Mall, Plot No.2, Road No.
43, Guru Harikrishan Marg, Pitam Pura,
New Delhi-110034, New Delhi to the present address w.e.f 02.01.2010.
SUBSIDARY COMPANY
The Company has
one wholly owned Subsidairy, M/s Wiselink International Trading Limited, (a
Company registered in Hongkong) which was incorporated on 02/11/2010, but till
date no activity has been done in the said subsidiary Company and thus no
Balance sheet has been prepared by the Subsidary Company due to which the
Company has not prepared the consolidated Balance Sheet with the Subsidary
Company for the year ended 31.3.2013 as required u/s 212 of the Company Act
1956, is not enclosed or consolidated with your Company.
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties (of the above, Rs. Nil is guaranteed by Directors and / or others) No specific terms of repayment have been decided with lenders) |
5.680 |
6.330 |
|
|
|
|
|
Fully Convertible Debentures 2% Conversion date not later than May 31, 2013 |
0.000 |
69.999 |
|
Loans and advances from others (not being related parties) (of the above, Rs. Nil is guaranteed by Directors and / or others) No specific terms of repayment have been decided with lenders |
0.355 |
0.450 |
|
|
|
|
|
Total |
6.035 |
76.779 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10250223 |
28/10/2010 |
3,000,000.00 |
DIRECTOR OF INDUSTRIES
THROUGH GM DIC |
UNA, UNA,
Himachal Pradesh - 174303, India |
A98756026 |
|
2 |
10250572 |
28/10/2010 |
3,000,000.00 |
DIRECTOR OF
INDUSTRIES THROUGH GM DIC |
UNA, UNA,
Himachal Pradesh - 174303, India |
A98604960 |
|
3 |
10164998 |
31/05/2013 * |
330,000,000.00 |
STATE BANK OF
PATIALA |
91,, IDC, MG.
ROAD, GURGAON, Haryana - 122001, India |
B84043652 |
* Date of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.88 |
|
|
1 |
Rs. 100.98 |
|
Euro |
1 |
Rs. 82.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
--RBI |
|
|
|
--EPF |
YES/NO |
NO |
|
|
YES/NO |
NO |
|
TOTAL |
|
14 |
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 |
No Rating |
|
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.