1. Summary Information
|
|
|
Country |
|
|
Company Name |
SRI VAARU
METALLURGICALS PRIVATE LIMITED |
Principal Name 1 |
Mr. Narayanan |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Pushpa Rani |
|
|
|
Registration # |
08-052824 |
|
Street Address |
Plot No. 84 & 85, Road No. 3, Industrial area, 2nd
Phase, Malur – 563130, Dist: Kolar,
Karnataka |
||
|
Established Date |
10.03.2010 |
SIC Code |
-- |
|
Telephone# |
91-80-22223994 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-80-22223994 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Leads |
|
|
# of employees |
50
(Approximately) |
Product Name 2 |
Lead Alloys |
|
Paid up capital |
Rs. 40,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of
directors 100.00 % |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
No |
Business Period |
4 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associate |
-- |
M/s. Sri Sai Traders |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
348,336,000 |
Current Liabilities |
57,909,000 |
|
Inventories |
104,594,000 |
Long-term Liabilities |
292,237,000
|
|
Fixed Assets |
30,095,000 |
Other Liabilities |
21,366,000 |
|
Deferred Assets |
000 |
Total Liabilities |
371,512,000 |
|
Invest& other Assets |
000 |
Retained Earnings |
57,001,000 |
|
|
|
Net Worth |
111,513,000 |
|
Total Assets |
483,025,000 |
Total Liab. &
Equity |
483,025,000 |
|
Total Assets (Previous Year) |
178,501,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1,947,522,000 |
Net Profit |
31,622,000 |
|
Sales(Previous yr) |
843,854,000 |
Net Profit(Prev.yr) |
22,573,000 |
MIRA INFORM
REPORT
|
Report Date : |
16.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SRI VAARU METALLURGICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 84 & 85, Road No. 3, Industrial area, 2nd
Phase, Malur – 563130, Dist: Kolar,
Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.03.2010 |
|
|
|
|
Com. Reg. No.: |
08-052824 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 40.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29253KA2010PTC052824 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS35136D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAOCS1693Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Leads and Lead Alloys. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 440000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. 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 dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
ICRA |
|
Rating |
Cash credit= BB |
|
Rating Explanation |
Have moderate risk of default |
|
Date |
October 2013 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Letter of Credit= A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk |
|
Date |
October 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
|
Name : |
Mr. Jayaram |
|
Designation : |
Export Manager |
|
Contact No.: |
91-9902169169 |
|
Date : |
14.05.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 84&85, Road No. 3, Industrial area, 2nd Phase,
Malur – 563130, Dist: Kolar,
Karnataka, India |
|
Tel. No.: |
91-80-22223994 |
|
Mobile No.: |
91-9902169169 (Mr. Jairam) |
|
Fax No.: |
91-80-22223994 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Narayanan |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
No. 1668/A, 1st Floor, 2nd Cross, Cross, Bangalore –
560021, Karnataka, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.07.1974 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
10.03.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
02873547 |
|||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Ms. Pushpa Rani |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
No. 1668/A, 1st Floor, 2nd Cross, Cross, Bangalore – 560021, Karnataka, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.01.1975 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
10.03.2010 |
|||||||||||||||||||||||||||
|
DIN No.: |
02865487 |
|||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Jayaram |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.203
|
Names of Shareholders |
|
No. of Shares |
|
Narayanan |
|
3994400 |
|
Pushpa Rani |
|
283800 |
|
E. Rathannam |
|
151800 |
|
Narayanan (HUF) |
|
130000 |
|
Total |
|
4560000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Leads and Lead Alloys. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Alloys |
||||
|
Countries : |
Korea |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
LC and Cheque |
||||
|
|
|
||||
|
Purchasing : |
LC and Cheque |
GENERAL INFORMATION
|
Customers : |
Retailers v Chloride Alloys
India limited v Agent Batteries Limites |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
v ING Vyasya Bank, Chamber of Commerce Building, Kempegowda Road, Bangalore, Karnataka, India v State Bank of
India, Commercial branch C.D. Building, 78/79, Park Road, Erode-638003, Tamil
Nadu, India v Punjab National
Bank, Anandnagar Branch, No. 01, HMT Layout, 50
Feet Road, Anandnagar, Bangalore – 560024,
Karnataka, India. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
BVC and Company Chartered Accountant |
|
Address : |
No.371, 1St floor, 8th Main road, Sadashivnagar, Bangalore-560080, Karnataka, India |
|
Tel. No.: |
91-80-67589918 |
|
E-Mail : |
|
|
PAN No.: |
AAIFB6437A |
|
|
|
|
Associates/Subsidiaries : |
M/s. Sri Sai Traders (Mr. E. Rathanam – Proprietor) |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4560000 |
Equity Shares |
Rs.10/- each |
Rs.45.600
Millions |
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 |
|
40.000 |
26.000 |
|
(b) Reserves & Surplus |
|
57.001 |
25.380 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
14.512 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
111.513 |
51.380 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
7.674 |
10.326 |
|
(b) Deferred tax liabilities (Net) |
|
1.351 |
1.042 |
|
(c) Other long term liabilities |
|
24.749 |
0.000 |
|
(d) long-term provisions |
|
0.086 |
0.000 |
|
Total Non-current Liabilities (3) |
|
33.860 |
11.368 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
284.563 |
52.011 |
|
(b) Trade payables |
|
19.929 |
26.322 |
|
(c) Other current
liabilities |
|
17.894 |
28.254 |
|
(d) Short-term provisions |
|
15.266 |
9.166 |
|
Total Current Liabilities (4) |
|
337.652 |
115.753 |
|
|
|
|
|
|
TOTAL |
|
483.025 |
178.501 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
30.095 |
29.402 |
|
(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) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.484 |
0.843 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
32.579 |
30.245 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
104.594 |
84.429 |
|
(c) Trade receivables |
|
184.798 |
24.566 |
|
(d) Cash and cash
equivalents |
|
52.141 |
2.588 |
|
(e) Short-term loans and
advances |
|
108.913 |
36.673 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
450.446 |
148.256 |
|
|
|
|
|
|
TOTAL |
|
483.025 |
178.501 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.000 |
|
|
2] Share Application Money |
|
|
0.707 |
|
|
3] Reserves & Surplus |
|
|
2.807 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
13.514 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
56.015 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
56.015 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.483 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
70.012 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
23.001 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
15.117
|
|
|
Sundry Debtors |
|
|
35.986
|
|
|
Cash & Bank Balances |
|
|
0.038
|
|
|
Other Current Assets |
|
|
1.169
|
|
|
Loans & Advances |
|
|
15.141
|
|
Total
Current Assets |
|
|
67.451
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
19.666
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
0.984
|
|
Total
Current Liabilities |
|
|
20.650
|
|
|
Net Current Assets |
|
|
46.801
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.210 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
70.012 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1947.522 |
843.854 |
231.467 |
|
|
|
Other Income |
5.656 |
0.771 |
0.132 |
|
|
|
TOTAL (A) |
1953.178 |
844.625 |
231.599 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1806.095 |
779.529 |
221.011 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(21.544) |
(14.036) |
(1.665) |
|
|
|
Employees benefits expense |
14.115 |
9.460 |
1.998 |
|
|
|
Other expenses |
72.058 |
23.227 |
2.924 |
|
|
|
TOTAL (B) |
1870.724 |
798.180 |
224.268 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
82.454 |
46.445 |
7.331 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
31.129 |
10.149 |
2.478 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
51.325 |
36.296 |
4.853 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.744 |
1.770 |
0.708 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
48.581 |
34.526 |
4.145 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
16.959 |
11.953 |
1.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
31.622 |
22.573 |
2.806 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
31.622 |
22.573 |
2.806 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.540 |
22.460 |
2.810 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2220.000 (Due to market faluction) |
The above information has been parted by Mr. Jayaram
(Export Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.62 |
2.67 |
1.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.49 |
4.09 |
1.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.06 |
19.34 |
4.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.44 |
0.67 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.62 |
1.21 |
4.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.28 |
3.27 |
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 |
|
26.000 |
40.000 |
|
Reserves & Surplus |
|
25.380 |
57.001 |
|
Net
worth |
|
51.380 |
97.001 |
|
|
|
|
|
|
long-term borrowings |
|
10.326 |
7.674 |
|
Short term borrowings |
|
52.011 |
284.563 |
|
Total
borrowings |
|
62.337 |
292.237 |
|
Debt/Equity
ratio |
|
1.213 |
3.013 |
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 |
231.467 |
843.854 |
1947.522 |
|
|
|
264.568 |
130.789 |
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 |
231.467 |
843.854 |
1947.522 |
|
Profit |
2.806 |
22.573 |
31.622 |
|
|
1.21% |
2.67% |
1.62% |
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% |
Yes |
|
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 |
Yes |
|
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 |
No |
|
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 |
UNSECURED
LOAN
(Rs. In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM BORROWINGS |
|
|
|
Term loans from member |
1.842 |
3.332 |
|
Total |
1.842 |
3.332 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10463276 |
13/03/2014 * |
466,000,000.00 |
ING VYSYA BANK LIMITED |
CHAMBER OF COMMERCE BUILDING,, KEMPEGOWDA ROAD,, |
C00620237 |
|
2 |
10385136 |
11/10/2012 |
875,000.00 |
Punjab National Bank |
1, 50 Feet Road,, Anandnagar,
Bangalore, Karnatak |
B61608584 |
* Date of charge modification
FIXED ASSETS
v
Land
v
Building
v
Plant and Machinery
v
Furniture and Fixtures
v
Computer
v
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.59.47 |
|
|
1 |
Rs.99.70 |
|
Euro |
1 |
Rs.81.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RSH |
|
|
|
|
Report Prepared
by : |
SBN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
Yes |
|
--LITIGATION |
YES/NO |
No |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
No |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
No |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
42 |
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.