MIRA INFORM REPORT
|
Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL RUBBER INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Shravani Gardens, 20, Viman Nagar, Nagar Road, Pune – 411 014,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.01.1949 |
|
|
|
|
Com. Reg. No.: |
11-006875 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 37.275 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199PN1949PLC006875 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEO01206C PNEO00948D PNEO00232B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO1592L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Rubber Products and Conveyor Belts. |
|
|
|
|
No. of Employees
: |
Information Decline by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well-established company having satisfactory track
record. The company possesses an improving financial profile marked by
moderate networth base and debt protection metrics albeit constrained by an aggressive
gearing due to large working capital requirements. Management has seen an increase in its sales volume as well as net
profitability during FY 13. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of established market position supported by diversified
product portfolio and established clientele, the subject 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.
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 wilfully 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: (BBB) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
18.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: (A3+) |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
18.06.2014 |
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. (TEL. NO.: 91-20-66270800)
LOCATIONS
|
Registered Office : |
Shravani Gardens, 20, Viman Nagar, Nagar Road, Pune – 411
014, Maharashtra, India |
|
Tel. No.: |
91-20-66270800 / 842 |
|
Fax No.: |
91-20-26680810/ 26630840 / 66270846 |
|
E-Mail : |
orientalrubber@sm3.sprintrpg.ems.vsnl.net.in mukesh@orientalrubber.com |
|
Website : |
|
|
Area : |
4000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1: |
Gat Nos.519/2, 521/2, 523 and 525, Village Koregaon, Taluka Shirur, Bhima
Nagar Road, District Pune – 412 207, Maharashtra, India |
|
Area : |
9 Acers |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
735, 736, 738 and 1268 Shikrapur, Karandegaon, Chakan, Pune,
Maharashta, India |
|
Area : |
16 Acers |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Makar Vijeynand Vikram |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Cluster 1/8, Kumar City, Kalyani Nagar, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
29.01.1963 |
|
Qualification : |
B. Com and Rubber Technology |
|
Date of Appointment : |
13.08.2012 |
|
PAN No.: |
ABXPM9797J |
|
DIN No.: |
00020284 |
|
|
|
|
Name : |
Mr. Vishal Vijeynand Makar |
|
Designation : |
Managing Director |
|
Address : |
Cluster 1/13 and 14, Kumar City, Kalyani Nagar, Pune – 411 014,
Maharashtra, India |
|
Date of Birth/Age : |
22.08.1965 |
|
Qualification : |
Chemical Engineer, PG in Polymer Sciences and B. Com |
|
Date of Appointment : |
13.08.2012 |
|
PAN No.: |
AAGPM4659K |
|
DIN No.: |
00020253 |
|
|
|
|
Name : |
Mr. Satish Kotian |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No. E-1/401 Madhuban Classics, Vishrantwadi, Pune – 411 015,
Maharashtra, India |
|
Date of Birth/Age : |
28.04.1958 |
|
Date of Appointment : |
13.08.2012 |
|
DIN No.: |
06374939 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vijeynand Sadanand Makar |
5 |
|
Kamlesh Vijeynand
Makar |
138485 |
|
Vishal Vijeynand
Makar |
1793992 |
|
Vikram Vijeynand
Makar |
1793992 |
|
Meetashi
Vishal Makar |
500 |
|
Poonam Vikram Makar |
500 |
|
Punvick Investments Private Limited, India |
25 |
|
Quadrant Trades Private Limited, India |
1 |
|
|
|
|
Total
|
3727500 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rubber Products and Conveyor Belts. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Conveyor and Transmission Belts |
16500 MT |
15300 MT |
911681 Meters |
|
Other Rubber Products |
8500 MT |
2200 MT |
2011390 Kgs |
Installed capacity depends upon the product
mix, which has been certified by the management and accepted by the auditors
without verification, being a technical matter.
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information Decline by the management |
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Bankers : |
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Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M L Deshmukh and Associates Chartered Accountants |
|
Address : |
B555, Narayanpeth, Pune, Maharashtra, India |
|
PAN No.: |
ABDPD7455J |
|
|
|
|
Step Down Subsidiary of the company : |
Oriental Rubber Industries (SA) Pty Limited, South Africa |
|
|
|
|
Company in which Directors are directors : |
Quadrant Trades Private Limited |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3727500 |
Equity Shares |
Rs.10/- each |
Rs. 37.275
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 |
37.275 |
14.910 |
14.910 |
|
(b) Reserves & Surplus |
647.031 |
521.439 |
374.938 |
|
(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) |
684.306 |
536.349 |
389.848 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
105.605 |
138.993 |
129.480 |
|
(b) Deferred tax liabilities (Net) |
40.210 |
38.432 |
24.600 |
|
(c) Other long term
liabilities |
3.079 |
2.416 |
2.019 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
148.894 |
179.841 |
156.099 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
850.773 |
764.709 |
746.162 |
|
(b) Trade
payables |
575.024 |
518.403 |
381.824 |
|
(c) Other
current liabilities |
29.007 |
18.642 |
3.540 |
|
(d) Short-term
provisions |
87.283 |
69.830 |
24.730 |
|
Total Current
Liabilities (4) |
1542.087 |
1371.584 |
1156.256 |
|
|
|
|
|
|
TOTAL |
2375.287 |
2087.774 |
1702.203 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
490.722 |
458.525 |
324.994 |
|
(ii)
Intangible Assets |
0.198 |
0.161 |
0.017 |
|
(iii)
Capital work-in-progress |
33.437 |
41.415 |
93.327 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
20.707 |
8.171 |
8.171 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.173 |
3.076 |
3.685 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
550.237 |
511.348 |
430.194 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
474.505 |
468.683 |
442.030 |
|
(c) Trade
receivables |
1185.661 |
909.887 |
647.252 |
|
(d) Cash
and cash equivalents |
56.461 |
36.761 |
33.872 |
|
(e)
Short-term loans and advances |
23.541 |
28.516 |
19.824 |
|
(f) Other
current assets |
84.882 |
132.579 |
129.031 |
|
Total
Current Assets |
1825.050 |
1576.426 |
1272.009 |
|
|
|
|
|
|
TOTAL |
2375.287 |
2087.774 |
1702.203 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3245.600 |
2946.619 |
2027.279 |
|
|
|
Other Income |
8.204 |
2.688 |
5.631 |
|
|
|
TOTAL (A) |
3253.804 |
2949.307 |
2032.910 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
2446.132 |
2257.330 |
1432.468 |
|
|
|
Employee benefit expense |
107.717 |
87.167 |
110.568 |
|
|
|
Other expenses |
257.667 |
214.686 |
270.601 |
|
|
|
TOTAL (B) |
2811.516 |
2559.183 |
1813.637 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
442.288 |
390.124 |
219.273 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
117.635 |
98.290 |
81.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
324.653 |
291.834 |
137.428 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
52.369 |
42.123 |
36.379 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
272.284 |
249.711 |
101.049 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
89.279 |
79.613 |
23.422 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
183.005 |
170.098 |
77.627 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
414.517 |
292.813 |
233.636 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
27.500 |
25.000 |
8.000 |
|
|
|
Dividend |
34.888 |
23.394 |
10.450 |
|
|
|
Capitalized for Bonus Issue |
22.365 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
512.769 |
414.517 |
292.813 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
928.821 |
1032.123 |
1034.097 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
NA |
977.153 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
49.10 |
114.08 |
52.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT/ Sales |
(%) |
5.64 |
5.77 |
3.83 |
|
|
|
|
|
|
|
PBIDT / Sales |
(%) |
13.63 |
13.24 |
10.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.74 |
12.25 |
6.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40 |
0.47 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.40 |
1.69 |
2.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.15 |
1.10 |
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 |
14.910 |
14.910 |
37.275 |
|
Reserves & Surplus |
374.938 |
521.439 |
647.031 |
|
Net
worth |
389.848 |
536.349 |
684.306 |
|
|
|
|
|
|
long-term borrowings |
129.480 |
138.993 |
105.605 |
|
Short term borrowings |
746.162 |
764.709 |
850.773 |
|
Total
borrowings |
875.642 |
903.702 |
956.378 |
|
Debt/Equity
ratio |
2.246 |
1.685 |
1.398 |
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 |
2027.279 |
2946.619 |
3245.600 |
|
|
|
45.348 |
10.147 |
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 |
2027.279 |
2946.619 |
3245.600 |
|
Profit |
77.627 |
170.098 |
183.005 |
|
|
3.83% |
5.77% |
5.64% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
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 |
LITIGATION DETAILS
CASE DETAILS
BENCH:-BOMBAY
|
Lodging No.:- |
ITXAL/2190/2013 |
Filing Date:- |
27/12/2013 |
Reg. No.:- |
ITXA/1057/2014 |
Reg. Date:- |
26/06/2014 |
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX - II, PUNE |
Respondent:- |
ORIENTAL RUBBER INDUSTRIES LIMITED |
|
Petn.Adv.:- |
VIPUL ARUN BAJPAYEE (I4135) |
|
District:- |
MUMBAI |
|
Bench:- |
DIVISION |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
Next Date:- |
25/09/2014 |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
|
Coram:- |
ACCORDING TO SITTING LIST |
|
ACCORDING TO SITTING LIST |
|
Last Date:- |
04/04/2014 |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR.
MASTER |
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Deferred payment liabilities |
15.843 |
15.644 |
|
Other loans and advances |
30.712 |
30.805 |
|
|
|
|
|
Total |
46.555 |
46.449 |
OPERATIONS
During the year, the Company’s total income increased by 10% over the previous year. The post-tax profit for the year was Rs.183.000 millions as against Rs.170.100 millions for the previous year. The Company performance must be appreciated in the back-drop of economic and industrial slow down seen universally.
OUTLOOK FOR THE
CURRENT YEAR
In view of the continuing slow down in the global economy, there is an effect being felt even in Indian business environment in the current period. The directors therefore are taking a conservative view in our growth estimates. The Company is aggressively pursuing new business opportunities in addition to servicing the existing clients and they should therefore be in preparedness once the economy turns around.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10447083 |
12/08/2013 |
50,000,000.00 |
FIRSTRAND BANK LIMITED |
TCG FINANCIAL CENTRE PLOT NO C 53 G BLOCK, BANDRA KURLA COMPLEX, MUMBAI, MAHARASHTRA - 400051, INDIA |
B84042084 |
|
2 |
10365078 |
21/06/2012 |
50,000,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE BRANCH, 14, PUNE MUMBAI ROAD, |
B43446624 |
|
3 |
10310231 |
15/09/2011 * |
40,000,000.00 |
CORPORATION BANK |
CORPORATE BANKING BRANCH, 14, PUNE MUMBAI ROAD, |
B22971055 |
|
4 |
10234608 |
28/07/2010 |
100,000,000.00 |
FIRST RAND BANK LIMITED |
5TH FLOOR, MISTRY BHAVAN, 122 DINSHAVACHA ROAD, |
A92237056 |
|
5 |
10182396 |
08/09/2009 |
150,000,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE BRANCH, 14# PUNE-MUMBAI ROAD, PUNE, MAHARASHTRA - 411003, INDIA |
A72211725 |
|
6 |
10138369 |
12/01/2009 |
100,000,000.00 |
UNION BANK OF INDIA |
619, SACHAPIR STREET, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
A54606454 |
|
7 |
10046398 |
10/09/2013 * |
2,093,800,000.00 |
UNION BANK OF INDIA INDUSTRIAL FINANCE BRANCH |
619,SACHAPIR STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
B86020500 |
|
8 |
10052617 |
29/03/2007 |
280,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,, SACHIPIR STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
A15391253 |
|
9 |
80028670 |
28/03/2006 |
93,700,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 619, SACHAPIR STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
10 |
80028669 |
18/02/2006 |
482,800,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 619, SACHAPIR STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
11 |
90088776 |
17/09/2004 * |
10,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
12 |
90092533 |
15/02/2005 * |
16,400,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
13 |
90088636 |
15/02/2005 * |
6,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
14 |
90086438 |
15/02/2005 * |
5,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
15 |
90086292 |
29/03/2007 * |
175,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,SACHAPEER STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
A13922950 |
|
16 |
90084986 |
07/12/1999 * |
546,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
17 |
90087900 |
25/06/1995 |
5,000,000.00 |
UNION BANK OF INDIA |
AGA KHAN PALACE BRANCH, PUNE, MAHARASHTRA - 411006, INDIA |
- |
|
18 |
90084033 |
15/03/2002 * |
7,500,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, PUNE CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
19 |
90083994 |
29/03/2007 * |
100,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, SACHAPEER STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
20 |
90093570 |
15/02/1991 |
8,500,000.00 |
THE STATE INDUSTRIAL AND INVESTMENT CORP. OF MAHARAS |
NIRMAL; 1ST FLOOR, NARIMAN POINT, BOMBAY, MAHARASHTRA - 400021, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
- Freehold Land
- Building
- Plant and Machinery
- Electrical Installation
- Furniture and Fixture
- Computer
- 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. 62.10 |
|
|
1 |
Rs. 97.32 |
|
Euro |
1 |
Rs. 77.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.