MIRA INFORM REPORT
|
Report Date : |
13.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
STAR WIRE (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
35, Link Road, 2nd Floor, Lajpat Nagar – III, Delhi –
110024 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.07.1963 |
|
|
|
|
Com. Reg. No.: |
55-117600 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.287.203 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109DL1963PLC117600 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALT00276D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS1124Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporters of Steel Castings, Special Steel Rolled
Products. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s established position in the steel
products industry supported by healthy financial risk profile and decent
liquidity position of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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 |
|
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 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=A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
23.07.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
23.07.2014 |
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 PARTED BY
|
Name : |
Mr. Pramod |
|
Designation : |
Account Department |
|
Contact No.: |
91-129-2241264 |
|
Date : |
10.10.2014 |
LOCATIONS
|
Registered/ Head Office : |
35, Link Road, 2nd Floor, Lajpat Nagar – III, Delhi –
110024, India |
|
Tel. No.: |
91-11-29832650/ 29832654 |
|
Fax No.: |
91-11-29832542 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
21/4, Mathura Road, Ballabgarh – 121004, Haryana, India |
|
Tel. No.: |
91-129-2242263/ 2241263/ 2241264/ 2240762 / 2240763/
2246762/ 2246763, 2248262/ 2300462/ 2213365/ 2246463 / 5062143/ 5062144/
5062145/ 5062146/ 5061751/ 5061752 / 5061753 |
|
Fax No.: |
91-129-2241265 |
DIRECTORS
AS ON 07.08.2013
|
Name : |
Mr. Mohindar Kumar Gupta |
|
Designation : |
Managing Director |
|
Address : |
A-11, Nizamuddin West, New
Delhi – 110013, India |
|
Date of Birth/Age : |
01.12.1958 |
|
Date of Appointment : |
16.03.1981 |
|
DIN No.: |
00054110 |
|
|
|
|
Name : |
Mr. Samir Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
A-11, Nizamuddin West, New
Delhi – 110013, India |
|
Date of Birth/Age : |
01.10.1983 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00054308 |
|
|
|
|
Name : |
Ms. Rekha Gupta |
|
Designation : |
Director |
|
Address : |
A-11, Nizamuddin West, New Delhi
– 110013, India |
|
Date of Birth/Age : |
23.10.1963 |
|
Date of Appointment : |
10.11.1993 |
|
DIN No.: |
00054073 |
|
|
|
|
Name : |
Ms. Abhishek Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
A-11, Nizamuddin West, New Delhi – 110013, India |
|
Date of Birth/Age : |
16.04.1987 |
|
Date of Appointment : |
01.11.2010 |
|
DIN No.: |
00054145 |
|
|
|
|
Name : |
Mr. Mahima Gupta |
|
Designation : |
Director |
|
Address : |
A-11, Nizamuddin West, New Delhi
– 110013, India |
|
Date of Birth/Age : |
06.05.1987 |
|
Date of Appointment : |
21.02.2011 |
|
DIN No.: |
02237504 |
KEY EXECUTIVES
|
Name : |
Mrs. Rekha Sharma |
|
Designation : |
Company Secretary |
|
Address : |
E-35, Arya Samaj Road, Uttam Nagar, New Delhi, India |
|
Date of Appointment : |
25.04.2008 |
|
PAN No.: |
AWTPS2736E |
|
|
|
|
Name : |
Mr. Pramod |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS
AS ON 07.08.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Mohinder Kumar Gupta |
42030000 |
|
Minal Gupta |
5000 |
|
Juhi Leasing and Finance Limited, India |
105070000 |
|
Interglobal Steels Private Limited, India |
15335000 |
|
Samir Gupta |
26863125 |
|
Supersigma Alloys and Forggings Private Limited, India |
6680000 |
|
Nipin Steels Private Limited, India |
5431150 |
|
Abhishek Gupta |
15855000 |
|
Rekha Gupta |
6612700 |
|
Murnet India private Limited, India |
7748000 |
|
Padmabh Steel Private Limited, India
|
1350000 |
|
S. J. Tea and Traders Private Limited, India |
1592000 |
|
Polylink Vinimay Private Limited, India |
1350000 |
|
Cornflower Vinimy Private Limited, India |
1250000 |
|
Shares under dispute |
24589375 |
|
Ensol International Private Limited |
36150 |
|
|
|
|
Total |
261797500 |
|
Names of Preference Shareholders |
No. of Shares |
|
Saraswati Charitable Trust |
270000 |
|
Shree Radha Krishna Charitable Trust |
465000 |
|
Brijeshwari Dharmath Sansthan |
550000 |
|
Mahawar Charitable Trust |
436000 |
|
Kuber Dharmath Sansthan |
24500 |
|
Mahawar Dharmath Sansthan |
285000 |
|
Juhi Leasing and Finance Limited |
510000 |
|
|
|
|
Total |
2540500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 07.08.2013
|
Category |
Percentage |
|
Bodies corporate |
55.71 |
|
Directors or relatives of Directors |
44.29 |
|
Total |
100.00 |
%20LIMITED%20-%20289581%2013-Oct-2014_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Steel Castings, Special Steel Rolled
Products. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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GENERAL INFORMATION
|
No. of Employees : |
400 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Commercial
Branch, 6th Floor, Palm Court, Mahrauli Gurgaon Road, Gurgaon –
122001, Haryana, India ·
ICICI Limited |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P D Mittal and Company Chartered Accountants |
|
Address : |
70, Daryaganj, New Delhi – 110002, India |
|
PAN No.: |
AAGFP0579D |
|
|
|
|
Enterprises over
which Management Personnel and their relatives are able to exercise
significant influence: |
· Mahawar Dharmarth Sansthan · Supreme Comm. Enterprises Limited · Eagle International Limited · Juhi leasing and Finance limited · Nipin Steel Private Limited · Star Wire Electricity Private Limited · Star Wire (India) Biomass Private Limited · Super Sigma Alloy and Forgings Private Limited · Starwire (India) Engineering Limited · Saraswati charitable Trust · Shree Radha Krishna Charitable Trust · Brijeshwari Dharmath Sansthan · Mahawar charitable Trust · Kuber Dharmarth Sansthan |
CAPITAL STRUCTURE
AS ON 07.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
290000000 |
Equity Shares |
Re.1/- each |
Rs.290.000 Millions |
|
6000000 |
Preference Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.350.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
261797500 |
Equity Shares |
Re.1/- each |
Rs.261.798 Millions |
|
2540500 |
Preference Shares |
Rs.10/- each |
Rs.25.405 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.287.203
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 |
287.203 |
287.203 |
187.203 |
|
(b) Reserves & Surplus |
1822.873 |
1622.744 |
1347.727 |
|
(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) |
2110.076 |
1909.947 |
1534.930 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
981.586 |
1161.622 |
637.029 |
|
(b) Deferred tax liabilities (Net) |
108.215 |
108.215 |
108.216 |
|
(c) Other long term
liabilities |
3.074 |
10.166 |
1.919 |
|
(d) long-term
provisions |
13.393 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1106.268 |
1280.003 |
747.164 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1150.593 |
1077.787 |
825.262 |
|
(b) Trade
payables |
221.060 |
196.312 |
170.972 |
|
(c) Other
current liabilities |
341.489 |
155.641 |
202.668 |
|
(d) Short-term
provisions |
9.745 |
1.181 |
19.986 |
|
Total Current Liabilities
(4) |
1722.887 |
1430.921 |
1218.888 |
|
|
|
|
|
|
TOTAL |
4939.231 |
4620.871 |
3500.982 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2389.049 |
2273.420 |
1533.281 |
|
(ii)
Intangible Assets |
0.060 |
0.120 |
0.180 |
|
(iii)
Capital work-in-progress |
8.870 |
47.012 |
179.257 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.429 |
7.629 |
7.629 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
66.405 |
82.457 |
80.142 |
|
(e) Other
Non-current assets |
0.377 |
3.405 |
24.215 |
|
Total Non-Current
Assets |
2472.190 |
2414.043 |
1824.704 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
2.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1134.693 |
1004.592 |
633.785 |
|
(c) Trade
receivables |
1125.393 |
858.849 |
834.514 |
|
(d) Cash
and cash equivalents |
65.371 |
177.981 |
41.464 |
|
(e)
Short-term loans and advances |
139.124 |
164.712 |
165.643 |
|
(f) Other
current assets |
0.460 |
0.694 |
0.872 |
|
Total
Current Assets |
2467.041 |
2206.828 |
1676.278 |
|
|
|
|
|
|
TOTAL |
4939.231 |
4620.871 |
3500.982 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4336.672 |
3995.192 |
3430.665 |
|
|
|
Other Income |
72.184 |
68.298 |
54.775 |
|
|
|
TOTAL (A) |
4408.856 |
4063.490 |
3485.440 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1547.273 |
1384.302 |
1056.927 |
|
|
|
Purchase of Stock-in-trade |
250.753 |
511.433 |
301.735 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and stock-in-trade |
(133.113) |
(313.176) |
40.773 |
|
|
|
Employee Benefits Expenses |
263.204 |
213.730 |
167.373 |
|
|
|
Other Expenses |
1896.981 |
1640.574 |
1348.234 |
|
|
|
Extraordinary Items |
(33.575) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
3791.523 |
3436.863 |
2915.042 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
617.333 |
626.627 |
570.398 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
230.136 |
165.960 |
125.351 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
387.197 |
460.667 |
445.047 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
143.386 |
115.203 |
77.862 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
243.811 |
345.464 |
367.185 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
42.500 |
69.200 |
121.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
201.311 |
276.264 |
245.285 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.64 |
1.47 |
1.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.57 |
6.80 |
7.04 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.62 |
8.65 |
10.70 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.95 |
7.57 |
11.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.18 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.01 |
1.17 |
0.95 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.54 |
1.38 |
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 |
187.203 |
287.203 |
287.203 |
|
Reserves & Surplus |
1347.727 |
1622.744 |
1822.873 |
|
Net
worth |
1534.930 |
1909.947 |
2110.076 |
|
|
|
|
|
|
long-term borrowings |
637.029 |
1161.622 |
981.586 |
|
Short term borrowings |
825.262 |
1077.787 |
1150.593 |
|
Total
borrowings |
1462.291 |
2239.409 |
2132.179 |
|
Debt/Equity
ratio |
0.953 |
1.172 |
1.010 |
%20LIMITED%20-%20289581%2013-Oct-2014_files/image015.gif)
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 |
3430.665 |
3995.192 |
4336.672 |
|
|
|
16.455 |
8.547 |
%20LIMITED%20-%20289581%2013-Oct-2014_files/image017.gif)
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
|
3430.665 |
3995.192 |
4336.672 |
|
Profit |
245.285 |
276.264 |
201.311 |
|
|
7.15% |
6.91% |
4.64% |
%20LIMITED%20-%20289581%2013-Oct-2014_files/image019.gif)
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The Registered office of the company has been shifted
from A-11, Nizammuddin West ND-13, New Delhi, India, to the present address
w.e.f. 01.06.2007.
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and advances
from related parties |
298.245 |
301.919 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Foreign currency
term loans from banks |
0.000 |
17.596 |
|
|
|
|
|
Total |
298.245 |
319.515 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10509202 |
28/03/2014 |
350,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSE, SENAPATI BAPAT MARG,, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013,
INDIA |
C11434123 |
|
2 |
10512360 |
29/07/2014
* |
200,000,000.00 |
HDFC
BANK LIMITED |
HDFC
BANK HOUSE, SENAPATI BAPAT MARG,, LOWER PAREL WEST, MUMBAI, MAHARASHTRA -
400013, INDIA |
C15294531 |
|
3 |
10389335 |
06/08/2014
* |
200,000,000.00 |
STANDARD
CHARTERED BANK |
CREDIT
RISK CONTROL, NARAIN MANZIL, 23 BARAKHAMBA |
C19670488 |
|
4 |
10321997 |
06/08/2014
* |
550,000,000.00 |
STANDARD
CHARTERED BANK |
(ACTING
AS AN SECURITY AGENT) CDU,, NARAIN MANZIL, 23 BARAKHAMBA ROAD, NEW DELHI,
DELHI - 110001, INDIA |
C19712652 |
|
5 |
10305453 |
01/07/2013
* |
320,800,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, 6TH FLOOR, PALM COURT BUILDING, M.G. ROAD, GURGAON, HARYANA - 122001,
INDIA |
B80502057 |
|
6 |
80007937 |
26/09/2012
* |
2,216,800,000.00 |
SATE
BANK OF INDIA |
COMMERCIAL
BRANCH, 6TH FLOOR, PALM COURT ,MEHRAU |
B60345972 |
*Date of modification Charges
FIXED ASSETS:
· Land
· Building
· Factory
·
Plant and Machinery
·
Other Equipments
·
Furniture and Fixtures
·
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.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
54 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.