MIRA INFORM REPORT
|
Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SARA INTERNATIONAL LIMITED [w.e.f.29.03.1994] |
|
|
|
|
Formerly Known
As : |
SARA INTERNATIONAL PRIVATE LIMITED SARA TECHNICAL SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-31, Hauz Khas, New Delhi - 110016 |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
21.09.1973 |
|
|
|
|
Com. Reg. No.: |
55-006854 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 200.654 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74140DL1973PLC006854 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS28442B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS1878B |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
Trading of Iron ore fine, Cement, Coal, Industrial Sewing Machine,
Empty Containers, Chrome Ore Lumps, Cold, Rolled Steel Strip in Coils, Copper
Wire Rod, Handicraft Item Thermal Coal and Towels. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2010000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. As per Registrar of Companies the date of balance sheet [i.e.
financial filed] is shown as 31.03.2014 but the documents related to
financial of 2014 are not available from any source. As per financial of 2013, there is a dip in profit of the company.
However, rating takes into consideration extensive experience of the Sara
Group’s promoters in the trading business and decent liquidity position of
the company. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had willfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
May 27, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
May 27, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
[CONTACT NO.: 91-120-4667272]
LOCATIONS
|
Registered Office : |
A-31, Hauz Khas, New Delhi – 110016, India |
|
Tel. No.: |
91-11-26517138/ 26517127/ 26851340/ 26517134 |
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Fax No.: |
91-11-26517127/ 26517241 |
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E-Mail : |
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Website : |
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Corporate Office : |
Sara House, B - 8, Sector - 4, Noida - 201301, U.P, India |
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Tel. No.: |
91-120-4667272 |
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Fax No.: |
91-120-4667299 |
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Branch Offices : |
Located at: ·
Mumbai ·
Vizag ·
Barbil ·
Kolkata ·
Ahmedabad ·
Kandla ·
Amritsar ·
Noida ·
Srinagar ·
Shanghai, China
·
Dubai ·
Tirana, Albania |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Devinder Pal Singh |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Designation : |
Managing director |
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Address : |
S-99, Panchsheel Park, New Delhi – 110017, India |
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Date of Birth/Age : |
07.10.1952 |
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Qualification : |
MA, IIFT Post Graduate |
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Date of Appointment : |
01.01.2013 |
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PAN No.: |
ABHPS8478A |
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DIN No.: |
00035519 |
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Other Directorship :
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|
Name : |
Mr. Deepit Singh |
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Designation : |
Whole-time director |
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|
Address : |
S-99, Panchsheel Park, New Delhi – 110017, India |
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Date of Birth/Age : |
13.10.1978 |
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Qualification : |
ME, MBA |
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Date of Appointment : |
20.08.2014 |
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DIN No.: |
00035623 |
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Other Directorship :
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Name : |
Mrs. Abha Singh |
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Designation : |
Director |
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|
Address : |
S-99, Panchsheel Park, New Delhi – 110017, India |
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Date of Birth/Age : |
20.09.1955 |
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Qualification : |
MA |
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Date of Appointment : |
30.09.1992 |
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PAN No.: |
AMNPS5780Q |
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DIN No.: |
00035566 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mrs. Aakanksha Kashyap |
|
Designation : |
Secretary |
|
Address : |
150, Model Town (East), Ghaziabad – 201001, Uttar Pradesh, India |
|
Date of Birth/Age : |
13.08.1982 |
|
Date of Appointment : |
12.05.2014 |
|
PAN No.: |
APZPG9471P |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Deepit Singh |
|
35200 |
|
Abha Singh |
|
4905190 |
|
Devinder Singh |
|
12682795 |
|
Tushar Singh |
|
2200 |
|
Anand Julka |
|
303054 |
|
Appreciated Exim Private Limited, India |
|
416500 |
|
Celebration Infrabuild Private Limited, India |
|
523500 |
|
Chandan Singh |
|
17600 |
|
H S Banga |
|
13200 |
|
In Style Infrastructure Private Limited, India |
|
446500 |
|
Indra Banga |
|
327200 |
|
Sarthi Infrabuild Private Limited, India |
|
392500 |
|
|
|
|
|
Total |
|
20065439 |
AS ON 30.09.2014
|
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] |
3.21 |
|
Bodies
corporate |
8.87 |
|
Directors
or relatives of directors |
87.92 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Iron ore fine, Cement, Coal, Industrial Sewing Machine,
Empty Containers, Chrome Ore Lumps, Cold, Rolled Steel Strip in Coils, Copper
Wire Rod, Handicraft Item Thermal Coal and Towels. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Punjab National Bank CC 21, Nehru Enclave, Opposite Nehru Place, New Delhi - 110019, Delhi, India · Corporation Bank Overseas Branch M-93,Connaught Place, New Delhi - 110001, Delhi, India |
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Facilities : |
|
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sunil K. Khanna and Company Chartered Accountants |
|
Address : |
606, Chiranjiv Tower, 43, Nehru Place, Delhi, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AIHPK2572J |
|
|
|
|
Subsidiary Company : |
· Sara Textiles Limited [U18101DL2003PLC123708] · Sara Minerco DMCC, Dubai · Sara Albania SHPK · Sara Minerco Pte. Limited ·
Sara Textiles Unit 2 (Home Textiles Division)
Limited [U17210DL2011PLC225661] |
|
|
|
|
Enterprise over which significant influence
exists : |
· Gopalpur Ports Limited · Sara Universal Private Limited · Magnum Resources Private Limited · Sara Star Shipping and Logistics Limited · Sara Developers Private Limited · Star Global Resources Limited · KJM Minerals · Kriti International ·
Rishi Sara Barge Jetty Terminal Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,065,439 |
Equity Shares |
Rs. 10/- each |
Rs. 200.654 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 |
200.654 |
197.997 |
197.997 |
|
(b) Reserves & Surplus |
503.142 |
481.998 |
446.131 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
9.300 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
703.796 |
689.295 |
644.128 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.820 |
28.619 |
94.299 |
|
(b) Deferred tax liabilities (Net) |
65.747 |
1.435 |
2.707 |
|
(c)
Other long term liabilities |
2256.636 |
869.509 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2324.203 |
899.563 |
97.006 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1393.048 |
2008.926 |
1222.183 |
|
(b)
Trade payables |
534.086 |
454.772 |
498.180 |
|
(c)
Other current liabilities |
483.545 |
621.118 |
69.340 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
2410.679 |
3084.816 |
1789.703 |
|
|
|
|
|
|
TOTAL |
5438.678 |
4673.674 |
2530.837 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
280.196 |
306.698 |
328.276 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1043.494 |
520.654 |
414.609 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1323.690 |
827.352 |
742.885 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
228.345 |
701.133 |
24.649 |
|
(b)
Inventories |
1397.848 |
999.741 |
591.498 |
|
(c)
Trade receivables |
812.647 |
581.711 |
488.909 |
|
(d)
Cash and cash equivalents |
315.040 |
530.675 |
185.274 |
|
(e)
Short-term loans and advances |
1361.108 |
1033.062 |
497.622 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
4114.988 |
3846.322 |
1787.952 |
|
|
|
|
|
|
TOTAL |
5438.678 |
4673.674 |
2530.837 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5682.186 |
7164.432 |
6036.913 |
|
|
|
Other Income |
622.708 |
331.939 |
39.346 |
|
|
|
TOTAL (A) |
6304.894 |
7496.371 |
6076.259 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
5778.877 |
7040.465 |
4941.743 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(398.107) |
(408.243) |
79.645 |
|
|
|
Employees benefits expense |
50.149 |
51.142 |
43.043 |
|
|
|
Other expenses |
508.047 |
429.587 |
826.491 |
|
|
|
TOTAL (B) |
5938.966 |
7112.951 |
5890.922 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
365.928 |
383.420 |
185.337 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
238.205 |
310.063 |
133.511 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
127.723 |
73.357 |
51.826 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
28.617 |
32.376 |
36.924 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
99.106 |
40.981 |
14.902 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
84.605 |
5.114 |
5.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
14.501 |
35.867 |
9.873 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
47.910 |
232.207 |
4637.247 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
5103.080 |
2086.966 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.73 |
1.81 |
0.59 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.26 |
0.50 |
0.16 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.44 |
5.35 |
3.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.25 |
0.99 |
0.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.06 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.98 |
2.96 |
2.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
1.25 |
1.00 |
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 |
197.997 |
197.997 |
200.654 |
|
Reserves & Surplus |
446.131 |
481.998 |
503.142 |
|
Share Application money pending allotment |
0.000 |
9.300 |
0.000 |
|
Net
worth |
644.128 |
689.295 |
703.796 |
|
|
|
|
|
|
long-term borrowings |
94.299 |
28.619 |
1.820 |
|
Short term borrowings |
1222.183 |
2008.926 |
1393.048 |
|
Total
borrowings |
1316.482 |
2037.545 |
1394.868 |
|
Debt/Equity ratio |
2.044 |
2.956 |
1.982 |
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 |
6036.913 |
7164.432 |
5682.186 |
|
|
|
18.677 |
(20.689) |
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 |
6036.913 |
7164.432 |
5682.186 |
|
Profit |
9.873 |
35.867 |
14.501 |
|
|
0.16% |
0.50% |
0.26% |
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) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
No |
|
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 |
LITIGATION
DETAILS
IN
THE HIGH COURT OF DELHI AT NEW DELHI
O.M.P. 530/2014
JINDAL STEEL and POWER LIMITED ..... Petitioner
Through: Mr Rajiv Nayyar, Sr. Adv with Mr Sanjeev
Kapoor, Adv.
versus
SARA INTERNATIONAL LIMITED and ANR ..... Respondents
Through: Mr Gyanendra Kumar and Mr Anuradha Mukherjee
and Mr Abhijit Mittal, Advs.
CORAM:
HON'BLE MS. JUSTICE DEEPA SHARMA
O R D E R
14.08.2014
Learned counsel for the respondents seeks an
adjournment on the ground that since the client was outside the country, he
could not submit the requisite information and undertakes to provide it within
five days.
List on 11th November, 2014.
Interim order to continue, till next date of
hearing.
In the meantime, reply be filed within four weeks
and rejoinder thereto, if any, be filed before the next date of hearing.
DEEPA SHARMA, J
AUGUST 14, 2014
BG
$ 40
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10494707 |
31/03/2014 |
1,000,000,000.00 |
PUNJAB NATIONAL BANK |
PUNJAB NATIONAL BANK, NEHRU ENCLAVE, NEW DELHI, DELHI - 110019, INDIA |
C03408242 |
|
2 |
10382259 |
23/10/2012 |
520,000,000.00 |
STANDARD CHARTERED BANK |
CREDIT
DOCUMENTATION UNIT, NARAIN MANZIL, 23 BARA |
B60372893 |
|
3 |
10346743 |
28/02/2012 |
250,000,000.00 |
PUNJAB NATIONAL BANK |
CC 21, NEHRU ENCLAVE, OPP. NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B36697654 |
|
4 |
10316733 |
28/09/2011 |
85,000,000.00 |
CORPORATION BANK OVERSEAS BRANCH |
M-93,CONNAUGHT
PLACE, NEW DELHI, DELHI - 110001, I |
B24962359 |
|
5 |
10197684 |
18/07/2012 * |
2,160,000,000.00 |
PUNJAB NATIONAL BANK |
CC 21, NEHRU ENCLAVE, OPP. NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
B45561099 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
0.000 |
148.848 |
|
Other loans and advances |
155.023 |
78.786 |
|
|
|
|
|
Total |
155.023 |
227.634 |
GENERAL INFORMATION
The company is having its registered office at A-31, Hauz Khas, New
Delhi-110016, Delhi and is engaged in the Trading of Iron ore fine, Cement,
Coal, Industrial Sewing Machine, Empty Containers, Chrome Ore Lumps, Cold,
Rolled Steel Strip in Coils, Copper Wire Rod, Handicraft Item Thermal Coal and
Towels.
FUTURE OUTLOOK
The Company is looking for new avenues to increase its
turnover as well as revenue and also venturing into new products.
FIXED ASSETS:
· Land
· Buildings
· Residential building
· Factory building
· Furniture and fixtures
· Vehicles
· Office equipment
· Aircrafts helicopters
·
Railway sidings
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. 61.39 |
|
|
1 |
Rs. 98.00 |
|
Euro |
1 |
Rs. 76.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.