MIRA
INFORM REPORT
|
Report Date : |
17.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
MRS.BECTORS FOOD SPECIALITIES LIMITED |
|
|
|
|
Registered
Office : |
Theing Road, Phillaur, Jalandhar - 144410 , Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.09.1995 |
|
|
|
|
Com. Reg. No.: |
16-033417 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 298.153 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899PB1995PLC033417 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM9495K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Food Products including Biscuits,
Confectionaries, Sauces etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6580000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. Fundamentals of the company is decent. Financial position of the
company is strong and healthy. Trade relation are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. The company can be considered normal for business dealings 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 |
CRISIL |
|
Rating |
Long term rating: A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
12th March 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
12th March 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 DENIED
Management Non Co-operative
Contact No.: 91-1826-222826
LOCATIONS
|
Registered/ Head Office/ Factory : |
Theing Road, Phillaur, Jalandhar - 144410, Punjab, India |
|
Tel. No.: |
91-1826-502923/ 222826/ 223139/ 225418 |
|
Fax No.: |
91-1826-502902/ 222915 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Postal Address : |
B-XXXIII/ 324, G.T. Road (West), Jalandhar Bye-Pass,, Phillaur -
144409, Punjab, India |
|
Tel. No.: |
91-1826-222826/ 222430/ 502921/ 222430/ 309898/ 502912/ 502910 |
|
Fax No.: |
91-1826-222915/ 502902 |
DIRECTORS
AS ON 23.12.2013
|
Name : |
Mr. Akshay Bector |
|
Designation : |
Managing director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
29.03.1961 |
|
Qualification : |
B.E (Industrial
and Production) |
|
Date of Appointment : |
18.04.2000 |
|
PAN No.: |
ABJPB4769K |
|
DIN No.: |
00058877 |
|
|
|
|
Name : |
Mr. Anoop Bector |
|
Designation : |
Managing director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
05.10.1962 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.09.1995 |
|
PAN No.: |
ABJPB4770G |
|
DIN No.: |
00108589 |
|
|
|
|
Name : |
Mr. Dharamvir Bector |
|
Designation : |
Whole-time director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
01.04.1932 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
30.09.2006 |
|
PAN No.: |
ABXPB2850P |
|
DIN No.: |
00108654 |
|
|
|
|
Name : |
Mr. Ajay Bector |
|
Designation : |
Whole-time director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
17.12.1958 |
|
Date of Appointment : |
19.09.2005 |
|
PAN No.: |
ABWPB7406Q |
|
DIN No.: |
00058904 |
|
|
|
|
Name : |
Mr. Parveen Kumar Goel |
|
Designation : |
Whole-time director |
|
Address : |
230-A, Rishi Balmiki Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
21.08.1963 |
|
Qualification : |
CA |
|
Date of Appointment : |
01.05.2008 |
|
PAN No.: |
ABWPG3304J |
|
DIN No.: |
00007297 |
|
|
|
|
Name : |
Mrs. Rajni Bector |
|
Designation : |
Whole-time director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
02.06.1940 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.09.2006 |
|
PAN No.: |
ABKPB0071B |
|
DIN No.: |
00108730 |
|
|
|
|
Name : |
Mr. Rakesh Sony |
|
Designation : |
Director |
|
Address : |
Flat No. 10, 2nd Floor, Lotus Court J. Tata Road, Mumbai,
Maharashtra, India |
|
Date of Birth/Age : |
02.01.1976 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00363053 |
KEY EXECUTIVES
|
Name : |
Mrs. Jyoti Aggarwal |
|
Designation : |
Secretary |
|
Address : |
Near MC Office, Mandi Harji Ram Malout, Muktsar, Punjab, India |
|
Date of Birth/Age : |
06.12.1984 |
|
Date of Appointment : |
01.09.2012 |
|
PAN No.: |
AQQPA4740H |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.12.2013
|
Names of Shareholders |
|
No. of Shares |
|
Dharamvir Bector |
|
75600 |
|
Dharamvir and Sons (HUF) |
|
88677 |
|
Akshay Bector |
|
75000 |
|
Akshay Bector (HUF) |
|
88685 |
|
Anoop Bector |
|
75000 |
|
Anoop Bector (HUF) |
|
88685 |
|
Ajay Bector |
|
75000 |
|
Ajay Bector (HUF) |
|
88685 |
|
Cremica Foods Limited, India |
|
5964037 |
|
Bector Foods Limited, India |
|
5258675 |
|
Cremica Industries Limited, India |
|
11246706 |
|
IL and FS Trust Company Limited, India |
|
2341680 |
|
India Business Excellence Fund – I, Mauritius |
|
4348860 |
|
|
|
|
|
TOTAL |
|
29815290 |
AS ON 23.12.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
14.58 |
|
Bodies
corporate |
|
83.22 |
|
Directors
or relatives of directors |
|
2.20 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Food Products including Biscuits, Confectionaries,
Sauces etc. |
||||||||||
|
|
|
||||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Biscuits |
MT |
NA |
87600 |
60007 |
|
Bakery Products |
MT |
NA |
5119 |
2961 |
|
Sauces, Syrups and Spreads |
Ltrs |
NA |
13800000 |
11500120 |
|
Food Processing |
MT |
NA |
1100 |
1027 |
|
Namkeen |
MT |
NA |
1326 |
581 |
Note:
*As certified by
management the production of Bakery Products exclude production of Job work of
NIL MT (previous year 10,555 MT). The production of Biscuits exclude production
of Job work of 26,873 MT (Previous year 26,743 MT) Differences in quantitative
tally are on account of breakages and damages.
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Patiala, Commercial Branch, Miller
Ganj, Ludhiana - 141003, Punjab, India ·
Small Industries Development Bank of India, First
Floor, Sco 16 and 17, Feroze Gandhi Market, Opposite Ludhiana Stock Exchange,
Ludhiana - 141001, Punjab, India ·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018,
Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
Hindustan Time
Building, 18-20, Kasturba Gandhi Marg, 6th Floor, New Delhi - 110001, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AALFS0506L |
|
|
|
|
Subsidiary Companies : |
·
Shree Bankey Behari Rice Mills Limited
[U15312DL2010PLC207538] ·
Bakebest Foods Private Limited
[U15412PB2009PLC033442] ·
Cremica Milk Specialities Limited
[U15209PB2011PLC034988] |
|
|
|
|
Enterprises over which person(s) having controlling
interest in Company / Key management personnel (s) along with their relatives are able to
exercise significant influence: : |
·
Cremica Industries Limited
[U15146PB1986PLC006994] ·
Cremica Frozen Foods Limited
[U15205PB1997PLC020826] ·
Cremica Agro Foods Limited
[L15146PB1989PLC009676] ·
Cremica Food Specialities Limited
[U23123PB1999PLC023123] ·
Bector Foods Limited [U15146PB1989PLC009675] |
CAPITAL STRUCTURE
AS ON 23.12.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 300.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29,815,290 |
Equity Shares |
Rs. 10/- each |
Rs. 298.153 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 |
298.153 |
298.153 |
298.153 |
|
(b) Reserves & Surplus |
1,345.833 |
1,108.286 |
945.664 |
|
(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) |
1,643.986 |
1,406.439 |
1,243.817 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
404.444 |
390.594 |
328.276 |
|
(b) Deferred tax liabilities
(Net) |
96.283 |
99.383 |
95.787 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.153 |
6.890 |
5.326 |
|
Total
Non-current Liabilities (3) |
513.880 |
496.867 |
429.389 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
628.413 |
559.450 |
579.919 |
|
(b) Trade payables |
377.573 |
322.714 |
306.000 |
|
(c) Other current liabilities |
285.614 |
316.700 |
309.079 |
|
(d) Short-term provisions |
52.940 |
50.280 |
15.906 |
|
Total
Current Liabilities (4) |
1,344.540 |
1,249.144 |
1,210.904 |
|
|
|
|
|
|
TOTAL |
3,502.406 |
3,152.450 |
2,884.110 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1,846.241 |
1,787.611 |
1,572.217 |
|
(ii) Intangible Assets |
0.287 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
37.248 |
49.115 |
33.188 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
110.508 |
83.008 |
2.408 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
117.436 |
121.532 |
169.723 |
|
(e) Other Non-current assets |
53.424 |
27.873 |
25.513 |
|
Total
Non-Current Assets |
2,165.144 |
2,069.139 |
1,803.049 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
2.913 |
2.670 |
2.370 |
|
(b) Inventories |
456.689 |
411.677 |
419.578 |
|
(c) Trade receivables |
534.287 |
423.395 |
447.765 |
|
(d) Cash and cash equivalents |
115.227 |
50.888 |
60.985 |
|
(e) Short-term loans and
advances |
144.346 |
148.214 |
115.012 |
|
(f) Other current assets |
83.800 |
46.467 |
35.351 |
|
Total
Current Assets |
1,337.262 |
1,083.311 |
1,081.061 |
|
|
|
|
|
|
TOTAL |
3,502.406 |
3,152.450 |
2,884.110 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
6043.800 |
5608.897 |
4699.196 |
|
|
|
Other Income |
43.967 |
9.778 |
36.270 |
|
|
|
TOTAL (A) |
6087.767 |
5618.675 |
4735.466 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3447.165 |
3258.842 |
2953.577 |
|
|
|
Purchases of stock-in-trade |
372.831 |
402.194 |
310.771 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(25.225) |
(8.891) |
(36.399) |
|
|
|
Employee benefit
expense |
556.822 |
461.424 |
354.641 |
|
|
|
Other expenses |
1107.611 |
1012.548 |
805.301 |
|
|
|
TOTAL (B) |
5459.204 |
5126.117 |
4387.891 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
628.563 |
492.558 |
347.575 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
137.590 |
122.219 |
94.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
490.973 |
370.339 |
253.479 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
160.006 |
131.405 |
109.910 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
330.967 |
238.934 |
143.569 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
93.420 |
69.382 |
47.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
237.547 |
169.552 |
95.926 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
488.500 |
325.848 |
236.822 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
Proposed Dividend |
0.000 |
6.900 |
6.900 |
|
|
|
BALANCE CARRIED
TO THE B/S |
726.047 |
488.500 |
325.848 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
957.906 |
1149.080 |
823.988 |
|
|
|
Other Earnings |
1.141 |
0.090 |
0.036 |
|
|
TOTAL EARNINGS |
959.047 |
1149.170 |
824.024 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
134.672 |
98.409 |
140.888 |
|
|
|
Stores & Spares |
|
2.694 |
1.470 |
|
|
|
Capital Goods |
|
25.886 |
18.377 |
|
|
TOTAL IMPORTS |
134.672 |
126.989 |
160.735 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.97 |
5.69 |
2.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.90
|
3.02
|
2.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.48
|
4.26
|
3.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.87
|
7.91
|
5.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.17
|
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.63
|
0.68
|
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.87
|
0.89 |
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 |
298.153 |
298.153 |
298.153 |
|
Reserves & Surplus |
945.664 |
1,108.286 |
1,345.833 |
|
Net
worth |
1,243.817 |
1,406.439 |
1,643.986 |
|
|
|
|
|
|
long-term borrowings |
328.276 |
390.594 |
404.444 |
|
Short term borrowings |
579.919 |
559.450 |
628.413 |
|
Total
borrowings |
908.195 |
950.044 |
1,032.857 |
|
Debt/Equity
ratio |
0.730 |
0.675 |
0.628 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Sales |
4,699.196 |
5,608.897 |
6,043.800 |
|
|
|
19.359 |
7.754 |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Sales |
4,699.196 |
5,608.897 |
6,043.800 |
|
Profit After Tax |
95.926 |
169.552 |
237.547 |
|
|
2.04% |
3.02% |
3.93% |
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
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 |
No |
|
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 |
Yes |
Note: The registered
address of the company has been shifted from Plot No. 2/539, Pipal Wala
Mohalla, Badli, New Delhi – 110042, India to the present w.e.f. 23.11.2009.
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10230788 |
26/09/2011 * |
100,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B25483520 |
|
2 |
10067480 |
21/03/2013 * |
1,077,200,000.00 |
STATE BANK OF
INDIA |
Industrial
Finance Branch, Golden Tower, Dholewal |
B73020554 |
|
3 |
80008181 |
25/03/2014 * |
736,300,000.00 |
STATE BANK OF
PATIALA |
Commercial
Branch, Miller Ganj, Ludhiana, Punjab |
C00927228 |
* Date of charge
modification
FIXED ASSETS:
·
Land Freehold
·
Land Leasehold
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts, India Prisons Service, Interpol, etc.
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.58.86 |
|
UK Pound |
1 |
Rs.98.82 |
|
Euro |
1 |
Rs.80.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.