MIRA
INFORM REPORT
|
Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
POOJA METAL PROCESSORS PRIVATE LIMITED |
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Registered
Office : |
89 DLF Industrial Estate – 1, Faridabad – 121003, Haryana |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
20.05.1988 |
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Com. Reg. No.: |
25-030278 |
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Capital
Investment / Paid-up Capital : |
Rs.3.160 Millions |
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CIN No.: [Company Identification
No.] |
U27104HR1988PTC030278 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Sheet Metal Components Rotor, Aluminum and zinc alloy
components. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (41) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 320000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems sharp dip in the profit of the company during the
financial year 2013. However, trade relations are fair. Business is active. Payment terms
are 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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Balvir Singh |
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Designation : |
Accounts Executive |
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Contact No.: |
91-129-4264600 |
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Date : |
26.05.2014 |
LOCATIONS
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Registered Office / Factory 1 : |
89 DLF Industrial Estate – 1, Faridabad – 121003, Haryana, India |
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Tel. No.: |
91-129-4113988 / 4264500 (100 Lines) / 2275977 / 4113999 |
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Fax No.: |
91-129-4062351 |
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E-Mail : |
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Website: |
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Factory 2: |
Plot No. 212, Sector – 58, Faridabad – 121004, Haryana, India |
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Tel. No.: |
0129-4264600 (100 Lines) |
DIRECTORS
As on 30.09.2013
|
Name : |
Mrs. Kavita Gupta |
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Designation : |
Director |
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Address : |
D-12/11, Model Town, Delhi - 110009, India |
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Date of Birth/Age : |
26.11.1949 |
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Date of Appointment : |
20.05.1988 |
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DIN No.: |
01157561 |
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Name : |
Mr. Arun Kumar Gupta |
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Designation : |
Director |
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Address : |
D-12/11, Model Town, Delhi - 110009, India |
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Date of Birth/Age : |
13.08.1952 |
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Date of Appointment : |
28.05.1988 |
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DIN No.: |
01157591 |
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Other Directorship:
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Name : |
Mrs. Hema Gupta |
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Designation : |
Director |
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Address : |
D-12/11, Model Town, Delhi - 110009, India |
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Date of Birth/Age : |
15.01.1953 |
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Date of Appointment : |
20.05.1988 |
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DIN No.: |
01157848 |
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Name : |
Mr. Mukesh Gupta |
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Designation : |
Director |
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Address : |
D-12/11, Model Town, Delhi - 110009, India |
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Date of Birth/Age : |
22.06.1947 |
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Date of Appointment : |
30.09.2011 |
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DIN No.: |
01157901 |
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Other Directorship:
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Name : |
Mr. Rahul Gupta |
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Designation : |
Director |
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Address : |
D-12/11, Model Town, Delhi - 110009, India |
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Date of Birth/Age : |
19.01.1971 |
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Date of Appointment : |
01.10.1991 |
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DIN No.: |
01173447 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Balvir Singh |
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Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Arun Gupta |
|
14983 |
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Kavita Gupta |
|
1053 |
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Hema Gupta |
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1683 |
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Rahul Gupta |
|
6100 |
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Mukesh Gupta |
|
5392 |
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R C Jain |
|
220 |
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Pushpa Jain |
|
230 |
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Pooja Gupta |
|
100 |
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Shilpa Gupta |
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10 |
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Bhavna Gupta |
|
703 |
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A K Gupta and Sons HUF |
|
1000 |
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Aman Gupta |
|
125 |
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Kashmiri Lal Gupta and Sons HUF |
|
1 |
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Total |
|
31600 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
3.17 |
|
Directors or relatives of Directors |
96.83 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing of Sheet Metal Components Rotor, Aluminum and zinc alloy
components. |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (As on 31.03.2013)
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S.No. |
Particulars |
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Unit-I |
Unit-IV |
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1. |
Licensed Capacity |
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2. |
Installed Capacity (as certified by the management Technical Matter relied upon) |
Rotar Slator |
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15000 MT |
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Processing of Steel (STACL) |
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3. |
Actual Production |
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C.R. Coil/ Strip/(Processed) |
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|
7121066 Kqs |
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Stator Stack |
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-- |
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- |
Rotor |
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-- |
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Stator Lamination |
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1641579 Kqs |
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Rotor Lamination |
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|
1223618 Kqs |
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4. |
Scrap |
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|
3252248 Kqs |
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5, |
Mixi Stator (in Pes.) |
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6. |
Mixi Rotor (in Pes.) |
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GENERAL INFORMATION
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Customers : |
End Users |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
·
Small Industries Development Bank of India, NH
5-R/2, Neelam Badshah Khan Road, NIT, Faridabad – 121001, Haryana, India ·
Standard Chartered Bank, 10, Parliament Street,
New Delhi – 110001, India ·
Axis Bank Limited ·
HDFC Bank Limited ·
Bank of India ·
Oriental Bank of Commerce |
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Facilities : |
Notes: ·
Term Loan from SlDBl a/c 1 and a/c 2 secured against personal guarantee of
directors, Hypothecation of Plant and Machinery and mortgage of residential
property 891, sector 17, Faridabad belonging to directors Smt. Kavita Gupta
and Smt. Hema Gupta ·
Term Loan from SIDBI A/c 3 is secured against
hypothecation of all the movable items of plant and machinery and other
equipments acquired under the scheme. Further secured collaterally by way of
first charge on equitable mortgage of leasehold rights of factory land and
building situated at plot no. 96, Sector-7, Industrial Estate, SIDCUL,
Haridwar and extension of mortgage of residential in the name of Mrs. Kavita
Gupta and Mrs. Hema Gupta. ·
Credit facilities from Axis Bank Limited are
secured against personal guarantee of directors and mortgage of industrial
property 89 DLF Industrial Area,
Faridabad, belonging to M/s Pooja
Metal Processors Private Limited ·
Term Loan from SIDBI a/c 3,4,5 and a/c 6 are
secured against personal guarantee of directors, hypothecation of plant and
machinery and mortgage of residential property 891, scoter 17 Faridabad ,
belonging to director Smt Kavita Gupta, and Smt Hema Gupta |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Bajaj and Associates Chartered Accountants |
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Address : |
559, Sector – 16A, Faridabad – 121003, Haryana, India |
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Tel. No.: |
91-129-4044369 / 4048898 |
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E-Mail : |
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PAN No.: |
AAHFB9171G |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160000 |
Equity Shares |
Rs.100/- each |
Rs.16.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
31600 |
Equity Shares |
Rs.100/- each |
Rs.3.160 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 |
3.160 |
2.260 |
1.845 |
|
(b) Reserves & Surplus |
76.279 |
63.007 |
37.234 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
1.400 |
|
Total
Shareholders’ Funds (1) + (2) |
79.439 |
65.267 |
40.479 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
121.097 |
74.285 |
84.600 |
|
(b) Deferred tax liabilities (Net) |
6.004 |
4.637 |
4.859 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
127.101 |
78.922 |
89.459 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
16.900 |
21.435 |
51.059 |
|
(b) Trade payables |
93.827 |
70.177 |
64.787 |
|
(c) Other current
liabilities |
32.452 |
30.448 |
37.265 |
|
(d) Short-term provisions |
6.859 |
7.923 |
5.136 |
|
Total Current Liabilities (4) |
150.038 |
129.983 |
158.247 |
|
|
|
|
|
|
TOTAL |
356.578 |
274.172 |
288.185 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
203.292 |
165.736 |
170.355 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
1.256 |
1.256 |
0.465 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.074 |
0.074 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.630 |
3.307 |
21.539 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
207.252 |
170.373 |
192.359 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
51.464 |
31.158 |
4.924 |
|
(c) Trade receivables |
62.621 |
52.858 |
38.234 |
|
(d) Cash and cash
equivalents |
1.360 |
1.405 |
51.344 |
|
(e) Short-term loans and
advances |
32.855 |
18.326 |
1.246 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
148.300 |
103.747 |
95.748 |
|
|
|
|
|
|
Miscellaneous Expenses
|
0.026 |
0.052 |
0.078 |
|
|
|
|
|
|
TOTAL |
355.578 |
274.172 |
288.185 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
513.508 |
441.597 |
356.632 |
|
|
|
Other Income |
1.246 |
14.919 |
1.438 |
|
|
|
TOTAL |
514.754 |
456.516 |
358.070 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
486.128 |
415.852 |
333.034 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION) |
28.626 |
40.664 |
25.036 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
20.478 |
20.790 |
16.324 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
8.148 |
19.874 |
8.712 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.976 |
3.098 |
4.075 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX |
5.172 |
16.776 |
4.637 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods on FOB Basis |
NA |
296393 GBP 80475 USD |
346173 GBP |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
163.66 |
743.33 |
251.34 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.00 |
3.67 |
1.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.59 |
4.50 |
2.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.30 |
7.29 |
3.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.30 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.74 |
1.47 |
3.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.80 |
0.61 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
1.845 |
2.260 |
3.160 |
|
Reserves & Surplus |
37.234 |
63.007 |
76.279 |
|
Share Application money
pending allotment |
1.400 |
0.000 |
0.000 |
|
Net
worth |
40.479 |
65.267 |
79.439 |
|
|
|
|
|
|
long-term borrowings |
84.600 |
74.285 |
121.097 |
|
Short term borrowings |
51.059 |
21.435 |
16.900 |
|
Total
borrowings |
135.659 |
95.720 |
137.997 |
|
Debt/Equity
ratio |
3.351 |
1.467 |
1.737 |
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 |
356.632 |
441.597 |
513.508 |
|
|
|
23.824 |
16.284 |
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
|
356.632 |
441.597 |
513.508 |
|
Profit |
4.637 |
16.776 |
5.172 |
|
|
1.30% |
3.80% |
1.01% |
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
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
From Directors |
|
|
|
Arun Gupta |
5.199 |
6.999 |
|
Rahul Gupta |
26.650 |
0.997 |
|
Hema Gupta |
0.200 |
0.200 |
|
Kavita Gupta |
0.200 |
0.500 |
|
From Members |
|
|
|
Mukesh Gupta |
4.949 |
2.849 |
|
Bhavna Gupta |
0.415 |
0.315 |
|
From Relative Of
Directors |
|
|
|
Aman Gupta |
0.375 |
0.275 |
|
Arun Gupta and Sons HUF |
0.205 |
0.205 |
|
Kashmiri Lal Gupta and Sons (HUF) |
0.400 |
0.240 |
|
Total |
38.593 |
12.580 |
CORPORATE
INFORMATION:
The company was incorporated in India on May, 25 1988 to carry on the business
of Manufacturing of Sheet Metal Components Rotor, Aluminum and zinc alloy
components. The company has started its commercial operation in the month of
May 1988.
FINANCIAL RESULTS
/ COMPANY PROGRESS:
The company has achieved a turnover of Rs.513.508 Millions during the
year. The company was able to mark a growth of 16.28%. The operating profit of
the company increased from Rs.3.230 Millions during FY 2011-2012 to Rs.5.172
Millions during FY 2012-2013 thereby making an increase of 60%. The director
are confident that the performance of the company shall further improve during
the coming financial year. The company is constantly working o generating
better profitable business from its customers and also to expand its customer
base to ncash the lucrative business opportunities available in the industry.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10401016 |
04/02/2013 |
45,000,000.00 |
Small Industries Development Bank of India |
NH 5-R/2, Neelam Badshah Khan Road, Nit, Faridabad, Haryana - 121001, India |
B67246942 |
|
2 |
10322958 |
15/12/2011 |
7,500,000.00 |
Small Industries Development Bank of India |
NH 5-R/2, Neelam Badshah Khan Road, Nit, Faridabad, Haryana - 121001, India |
B27797745 |
|
3 |
10283518 |
05/05/2011 |
2,460,000.00 |
Small Industries Development Bank of India |
NH 5-R/2, Neelam Badshah Khan Road, Nit, Faridabad, Haryana - 121001, India |
B11871092 |
|
4 |
10221405 |
02/05/2011 * |
12,500,000.00 |
Small Industries Development Bank of India |
NH 5-R/2, Neelam Badshah Khan Road, Nit, Faridabad, Haryana - 121001, India |
B13201587 |
|
5 |
10215068 |
30/03/2010 |
6,000,000.00 |
RELIANCE CAPITAL LIMITED |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India |
A83611442 |
|
6 |
10203825 |
02/05/2011 * |
62,500,000.00 |
Small Industries Development Bank of India |
NH 5-R/2, Neelam Badshah Khan Road, Nit, Faridabad, Haryana - 121001, India |
B13204839 |
|
7 |
10281036 |
20/11/2009 |
35,000,000.00 |
Axis Bank Limited |
Plot No.40, SCO, Sector 7, Ballabhgarh, Haryana - 121006, India |
B03789591 |
|
8 |
10191119 |
19/11/2009 |
15,000,000.00 |
Axis Bank Limited |
Plot No.40, SCO, Sector 7, Ballabhgarh, Haryana - 121006, India |
A75422006 |
|
9 |
10191120 |
19/12/2012 * |
39,000,000.00 |
Axis Bank Limited |
Plot No.40, Sco Huda Main Market, Sector 7, Faridabad, Haryana - 121006, India |
B65844441 |
|
10 |
10178742 |
02/05/2011 * |
5,000,000.00 |
Small Industries Development Bank of India |
NH 5-R/2, Neelam Badshah Khan Road, Nit, Faridabad, Haryana - 121001, India |
B13206917 |
|
11 |
10097329 |
02/05/2011 * |
5,000,000.00 |
Small Industries Development Bank of India |
NH 5-R/2, Neelam Badshah Khan Road, Nit, Faridabad, Haryana - 121001, India |
B13203401 |
|
12 |
10085543 |
02/05/2011 * |
13,200,000.00 |
Small Industries Development Bank of India |
NH 5-R/2, Neelam Badshah Khan Road, Nit, Faridabad, Haryana - 121001, India |
B13202494 |
|
13 |
10032636 |
24/01/2007 |
5,000,000.00 |
Small Industries Bank of India Limited |
Head Office, Sidbi Tower, 15, Ashok Marg, Lucknow, Uttar Pradesh - 226001, India |
A09405648 |
|
14 |
10017921 |
02/05/2011 * |
7,700,000.00 |
Small Industries Development Bank of India |
NH 5-R/2, Neelam Badshah Khan Road, Nit, Faridabad, Haryana - 121001, India |
B13205364 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.58.58 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
4 |
|
--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 |
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 |
|
41 |
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.