MIRA
INFORM REPORT
|
Report Date : |
23.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
PON PURE CHEM PRIVATE LIMITED (w.e.f.
26.06.2008) |
|
|
|
|
Formerly Known
As : |
PURE CHEMICALS AND SOLVENT PRIVATE LIMITED |
|
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Registered
Office : |
No. 77, Perambur High Road, Perambur, Chennai – 600012, Tamilnadu
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
24.07.1998 |
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Com. Reg. No.: |
18-040872 |
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Capital Investment
/ Paid-up Capital : |
Rs.78.800 Millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U24111TN1998PTC040872 |
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TIN No.: |
33241061285 |
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CST No.: |
774396 / 19.09.2001 |
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PAN No.: [Permanent Account No.] |
AACCP3026E |
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Chemicals. |
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|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3289000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems slight dip in the sales of the company in the year 2012 –
2013. However, trade relations are fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered normal for business dealings at usual
trade terms and condition. |
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 |
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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 |
Long term fund based facilities BBB- |
|
Rating Explanation |
Moderate credit quality and average credit
risk |
|
Date |
May 14, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non fund based facilities A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
May 14, 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. Sarvanan |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-44-26161803 |
|
Date : |
23.05.2014 |
LOCATIONS
|
Registered Office : |
No.77, |
|
Tel. No.: |
91-44-26161812 |
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Fax No.: |
91-44-26161813 |
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E-Mail : |
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|
Website : |
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Corporate Office : |
No. 32, H Block, 15th |
|
Tel. No.: |
91-44-26161803 / 26161811 (9 lines) |
|
Fax No.: |
91-44-26161813 /14 |
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E-Mail : |
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Branch : |
129, Creative Industrial Estate, Road No. 2,Sunder Nagar,
Kalina, Santacruz (East),
Mumbai – 400098, Maharashtra, India |
|
Tel. No.: |
91-22-61132500 |
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|
|
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Branch Office : |
Located at: ·
Chandigarh ·
Delhi ·
Kandla ·
Ahmedabad ·
Nagpur ·
Mumbai ·
Pune ·
Hyderabad ·
Bangalore ·
Kochi ·
Tamilnadu ·
Vizag ·
Kolkata |
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Overseas Office : |
Located at: · Australia · Singapore · Sri Lanka · Dubai · Kenya |
DIRECTORS
As on: 12.07.2013
|
Name : |
Mr. Ponnuswami Muthuswamy |
|
Designation : |
Managing Director |
|
Address : |
AA23, 3rd Street, Anna Nagar,
Chennai-600040, Tamilnadu, India |
|
Date of Birth/Age : |
02.03.1953 |
|
Qualification : |
B.Sc. |
|
Date of Appointment : |
24.07.1998 |
|
DIN No.: |
00015847 |
|
|
|
|
Name : |
Mr. Manaoranjitham Nallayagounder
Kaliannan |
|
Designation : |
Director |
|
Address : |
AA23, 3rd Street, Anna Nagar,
Chennai-600040, Tamilnadu, India |
|
Date of Birth/Age : |
15.06.1961 |
|
Date of Appointment : |
24.07.1998 |
|
DIN No.: |
00016775 |
|
|
|
|
Name : |
Mr. Surya Prakas Muthuswamy Ponnuswami |
|
Designation : |
Whole Time Director |
|
Address : |
AA23, 3rd Street, Anna Nagar,
Chennai-600040, Tamilnadu, India |
|
Date of Birth/Age : |
21.12.1980 |
|
Date of Appointment : |
30.07.2008 |
|
PAN No.: |
AAMPS7679E |
|
DIN No.: |
00017891 |
|
|
|
|
Name : |
Mr. Lakshmipathy Muthuswamy
Ponnuswami |
|
Designation : |
Whole Time Director |
|
Address : |
AA23, 3rd Street, Anna Nagar,
Chennai-600040, Tamilnadu, India |
|
Date of Birth/Age : |
25.09.1982 |
|
Date of Appointment : |
30.07.2008 |
|
PAN No.: |
AAACL8212B |
|
DIN No.: |
00021951 |
KEY EXECUTIVES
|
Name : |
Mr. Khusboo Singhvi |
|
Designation : |
Secretary |
|
Address : |
Old No. 30, New No. 6, Govindappa Naicken Street, 3rd Floor, Girnar
Apartments, Chennai - 600001, Tamilnadu, India |
|
Date of Birth/Age : |
24.09.1985 |
|
Date of Appointment : |
01.06.2010 |
|
PAN No.: |
CMRPS2646R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 12.07.2013
|
Names of Shareholders |
No. of Shares |
|
M. Ponnuswami |
664413 |
|
Manaoranjitham |
45075 |
|
M.P. Suryaprakas
|
16700 |
|
M.P. Lakshmipathy |
16700 |
|
M.P. Ponnuswami HUF |
45110 |
|
S. Nithyasree |
2 |
|
|
|
|
Total |
788000 |
As on: 12.07.2013
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 : |
Trader of Chemicals. |
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Products : |
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Exports : |
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Products : |
Chemicals |
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Countries : |
·
Bangladesh ·
Dubai ·
Sri Lanka ·
Nepal |
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Imports : |
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Products : |
Chemicals |
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Countries : |
·
Singapore ·
Korea ·
China |
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Terms : |
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Selling : |
Cash and Advance Payments |
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Purchasing : |
Cash and Advance Payments |
GENERAL INFORMATION
|
Suppliers : |
Exxon Mobile |
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Customers : |
End Users ·
Berger Paints India Limited ·
Pedilite India Limited |
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No. of Employees : |
600 (Approximately) |
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Bankers : |
·
Standard Chartered Bank, 19, Rajaji
Salai, Chennai-600001, Tamilnadu,
India ·
IDBI Bank Limited, 115, Anna Salai, Chennai- 600015, Tamilnadu,
India ·
Axis Bank Limited, Corporate Banking Branch,
Ground Floor, Karumuthu Nilayam,
No.192, Anna Salai, Chennai-600002, Tamilnadu, India ·
The Karnataka Bank Limited, Kodambakkam
Branch, Kodambakkam, Chennai - 600024, Tamilnadu, India ·
ICICI Bank Limited, Land Mark Race Cource Circle, Alkapuri, Baroda
- 390015, Gujarat, India ·
Bank of Baroda, International Business Branch,
Justice Basheer Ahmed Building,45 Moore Street,
Chennai - 600001, Tamil Nadu, India ·
State Bank of India, Overseas Branch,
No.86.Rajaji Salai, Chennai - 600001, Tamilnadu, India ·
Ing Vysya Bank
Limited, 185 Anna Salai, Near TVS, Chennai -
600006, Tamilnadu, India ·
UTI Bank Limited, No. 82, Dr. Radhakrishnan
Salai, Mylapore, Chennai
– 600004, Tamilnadu, India ·
Punjab National Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Financial
Institution : |
3 Infotech Trusteeship Services Limited, 3rd
to 6th Floor, International Infotech
Park, Tower No. 5, Vashi Railway Station Complex, Vashi, Navi Mumbai – 400703, Maharashtra, India |
|
|
|
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Auditors : |
|
|
Name : |
Suri and Company Chartered Accountant |
|
Address : |
No.4 (Old No.55 A), |
|
PAN No. : |
AABFS5023Q |
|
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|
|
Subsidiary
Companies : |
·
Pon Pure Chemm
(FZE), Dubai ·
Pon Pure Chemical Lanka Private Limited, Srilanka ·
Pure Chemicals Pte
Limited, Singapore ·
Pure Chemicals Pty Limited, Australia |
|
|
|
|
Enterprises in
which Key Management Personnel and their Relatives have significant influence
: |
·
Color Chemicals ·
Color Chemicals and Dyes Private Limited ·
Manchester Textiles (Private) Limited ·
Pure Chemicals Company ·
Pure Organic Industries ·
Pon Pure Logistics Private Limited ·
Muthusamy Chemical Agency |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
788000 |
Equity Shares |
Rs.100/- each |
Rs.78.800 Millions |
|
|
|
|
|
After 12.07.2013
Authorised Capital : Rs. 90.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 85.405 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 |
|
78.800 |
66.752 |
|
(b) Reserves & Surplus |
|
743.517 |
630.616 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
822.317 |
697.368 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
62.590 |
70.750 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
62.590 |
70.750 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
1555.358 |
2762.987 |
|
(b) Trade payables |
|
2036.946 |
904.730 |
|
(c) Other current
liabilities |
|
92.412 |
86.886 |
|
(d) Short-term provisions |
|
8.823 |
7.631 |
|
Total Current Liabilities (4) |
|
3693.539 |
3762.234 |
|
|
|
|
|
|
TOTAL |
|
4578.446 |
4530.352 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
515.361 |
481.686 |
|
(ii) Intangible Assets |
|
3.029 |
3.167 |
|
(iii) Capital
work-in-progress |
|
23.329 |
11.629 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
74.200 |
63.234 |
|
(c) Deferred tax assets (net) |
|
49.492 |
49.157 |
|
(d) Long-term Loan and Advances |
|
16.630 |
16.096 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
682.041 |
624.969 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1062.563 |
1032.404 |
|
(c) Trade receivables |
|
2412.389 |
2527.140 |
|
(d) Cash and cash
equivalents |
|
276.606 |
237.908 |
|
(e) Short-term loans and
advances |
|
71.981 |
59.714 |
|
(f) Other current
assets |
|
72.866 |
48.217 |
|
Total Current Assets |
|
3896.405 |
3905.383 |
|
|
|
|
|
|
TOTAL |
|
4578.446 |
4530.352 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
36.752 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
773.521 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
810.273 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2093.816 |
|
|
2] Unsecured Loans |
|
|
21.400 |
|
|
TOTAL BORROWING |
|
|
2115.216 |
|
|
DEFERRED TAX LIABILITIES |
|
|
13.274 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2938.763 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
474.848 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
22.680 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1227.447
|
|
|
Sundry Debtors |
|
|
2183.213
|
|
|
Cash & Bank Balances |
|
|
208.926
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
96.754
|
|
Total
Current Assets |
|
|
3716.340
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1261.661
|
|
|
Other Current Liabilities |
|
|
9.142
|
|
|
Provisions |
|
|
4.302
|
|
Total
Current Liabilities |
|
|
1275.105
|
|
|
Net Current Assets |
|
|
2441.235
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2938.763 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.212 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
TURNOVER |
13959.450 |
14609.000 |
10338.060 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
NA |
NA |
|
|
|
|
TOTAL |
|
|
|
|
|
|
|
|
NA |
|
|
|
PROFIT BEFORE
TAX |
8.960 |
NA |
|
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
NA |
NA |
224.153 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
466.494 |
861.725 |
592.334 |
|
|
TOTAL EARNINGS |
466.494 |
861.725 |
592.334 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
769.735 |
8821.084 |
6713.516 |
|
|
TOTAL IMPORTS |
769.735 |
8821.084 |
6713.516 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.00 |
(257.00) |
610.00 |
|
|
Particulars |
|
|
31.03.2014 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
15000.000 |
|
|
|
|
|
The above information has been parted by Mr. Sarvanan
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.06
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.20
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
NA
|
NA
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.97
|
4.06 |
2.61
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.04 |
2.91
|
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 |
66.752 |
78.800 |
|
Reserves & Surplus |
630.616 |
743.517 |
|
Net
worth |
697.368 |
822.317 |
|
|
|
|
|
long-term borrowings |
70.750 |
62.590 |
|
Short term borrowings |
2762.987 |
1555.358 |
|
Total
borrowings |
2833.737 |
1617.948 |
|
Debt/Equity
ratio |
4.063 |
1.968 |
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) |
|
Total Turnover |
10338.060 |
14609.000 |
13959.450 |
|
|
|
41.313 |
(4.446) |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
one years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
----------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN:
|
Particulars |
31.03.2013 [Rs. in Millions] |
31.03.2012 [Rs. in Millions] |
|
Long Term
Borrowing |
|
|
|
Loans and advances from related parties |
0.843 |
11.400 |
|
|
|
|
|
Total |
0.843 |
11.400 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10279539 |
04/08/2011 * |
40,000,000.00 |
IDBI Bank Limited |
115, Anna Salai,
Chennai, Tamil Nadu - 600015, INDIA |
B18802074 |
|
2 |
10261467 |
29/12/2010 |
70,000,000.00 |
PUNJAB NATIONAL BANK |
4/2, FIRST FLOOR, NOLAMBUR MAIN ROAD,,
WEST MOGAP PAIR, CHENNAI, Tamil Nadu 600037, INDIA |
B03845286 |
|
3 |
10235346 |
20/08/2010 |
450,000,000.00 |
IDBI Bank Limited |
IDBI Towerwtc
Complex, Cuffe Parade, Mumbai, Maharashtra
- 400005,India |
A92988864 |
|
4 |
10199776 |
25/01/2010 * |
130,000,000.00 |
Punjab National Bank |
T.Nagar Branch, No.10.
Raja Street, Chennai, Tamil Nadu - 600017, INDIA |
A81468803 |
|
5 |
10193612 |
15/12/2011 * |
420,000,000.00 |
ING VYSYA BANK LIMITED |
185,ANNA SALAI ,, NEAR TVS,, CHENNAI,
Tamil Nadu - 600006, INDIA |
B30890164 |
|
6 |
10159095 |
22/08/2011 * |
850,000,000.00 |
Standard Chartered Bank |
19, Rajaji Salai, Chennai, Tamil Nadu -
600001, INDIA |
B19324540 |
|
7 |
10149738 |
28/09/2012 * |
120,000,000.00 |
KARNATAKA BANK LTD |
KODAMBAKKAM BRANCH, KODAMBAKKAM,CHENNAITamil
Nadu - 600024, INDIA |
B61770111 |
|
8 |
10137237 |
27/01/2012 * |
350,000,000.00 |
Bank of Baroda |
International Business Branch, Justice Basheer Ahmed Building,45 Moore Street, Chennai, Tamil Nadu |
B32873432 |
|
9 |
10128909 |
07/02/2012 * |
550,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, Gujarat - 390015, INDIA |
B33822446 |
|
10 |
10126361 |
22/04/2013 * |
1,620,000,000.00 |
State Bank of India |
Overseas Branch, No.86.Rajaji Salai, Chennai, Tamil Nadu -
600001, INDIA |
B77301760 |
|
11 |
80028476 |
09/02/2012 * |
650,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch, Ground Floor, Karumuthu |
B73936460 |
* Date of charge modification
FIXED ASSETS
Ø
Land
Ø
Building
Ø
Plant and Machinery
Ø
Furniture and Fixtures
Ø
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a
proceedings for violating money-laundering, anti-corruption or bribery or
international economic or anti-terrorism sanction laws or whose assets were
seized, blocked, frozen or ordered forfeited for violation of money laundering
or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.57 |
|
|
1 |
Rs.98.88 |
|
Euro |
1 |
Rs.80.05 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
46 |
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.