|
Report Date : |
28.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
SACHIN KUMAR NITIN KUMAR |
|
|
|
|
Registered
Office : |
26C, Mandi
Samiti, Etah - 207001, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Year of
Establishment : |
09.05.2007 |
|
|
|
|
Capital
Investment : |
Not Divulged |
|
|
|
|
TIN No.: |
09825803912 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AMSPG3976H |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Dealer, Trader, Wholesaler and Retailer of High quality Rice, Wheat, Corse Crop, Pulse and Oil Seed. |
|
|
|
|
No. of Employees
: |
24 (Approximately) |
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 : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having satisfactory
track. The concern is performing well. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitments. The concern can be considered normal 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 |
|
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.
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 (GENERAL DETAILS)
|
Name : |
Mr. Sachin Kumar |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9897608266 |
|
Date : |
21.10.2014 |
LOCATIONS
|
Registered Office : |
26C, Mandi
Samiti, Etah - 207001, Uttar Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9897608266 [Mr. Sachin Kumar] |
|
Fax No.: |
Not Available |
|
|
|
|
Branch Office : |
Mohalla Kailashganj, Near Kailash Mandir, Etah, Uttar
Pradesh, India |
SOLE PROPRIETOR
|
Name : |
Mr. Nitin Kumar Gupta |
|
Designation : |
Proprietor |
|
Address : |
Etah, Uttar Pradesh, India |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Kumar |
|
Designation : |
Chief Executive Officer |
BUSINESS DETAILS
|
Line of Business : |
Dealer, Trader, Wholesaler and Retailer of High quality Rice, Wheat, Corse Crop, Pulse and Oil Seed. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit [30 days] |
|
|
|
|
Purchasing : |
Cash and Credit [30 days] |
GENERAL INFORMATION
|
Customers : |
Retailers and Others |
|
|
|
|
No. of Employees : |
24 (Approximately) |
|
|
|
|
Bankers : |
· Punjab National Bank Etah, Uttar Pradesh, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
· Gopal and Brothers Address:
Etah, Uttar Pradesh, India Activity: Dealer, Trader,
Wholesaling
and Retailing of High quality Rice, Wheat, Corse Crop, Pulse and Oil Seed |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are in
Rupees Millions]
NOT DIVULGED
The above information has been declined by Mr. Sachin Kumar [Chief
Executive Officer]
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or Registry.
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 |
No |
|
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 |
No |
|
12] |
Profitability for last
three years |
No |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister concerns |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
BORROWER PROFILE
|
Name of Account |
SACHIN KUMAR NITIN KUMAR |
||
|
Constitution |
Proprietorship |
||
|
Business / Activity |
Wholesaling and Trading of Food Grains (Mainly high quality Rice,
Wheat, pulse and oil seeds) |
||
|
Established in |
09.05.2007 |
Occupation Code |
-- |
|
If the account is new , name of the earlier Banker : PNB, Etah |
|||
|
Key person – Mr. Nitin Kumar (Proprietor) |
|||
------------------------------------------------------------------------------------------------------------------------------
ISSUE/S FOR CONSIDERATION
|
Present Request :
Takeover of account from PNB, Etah with enhancement of limit to Rs. 10.000
Millions |
|
Last Sanction /
Review : New Account with them |
------------------------------------------------------------------------------------------------------------------------------
FACILITIES & SECURITY COVER
[RS. IN MILLIONS]
|
LIMITS
(WITH PURPOSE) |
EXISTING |
PROPOSED |
INC. (+) / DEC.(-) IN LIMITS |
PRICING* ROI/ COMMISSION |
PRESENT OUTSTANDING DATE |
OVER-DUES
@ |
|
Term Loan** |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
CC (Hypothecation) |
4.000 With PNB, Etah |
10.000 |
+ 10.000 |
4.40% over B.R
presently 14.60 % P.A with monthly rest |
3.999 |
NIL |
|
CC (B.D) for 90 days At 40% Margin |
- |
1.500 |
1.500 |
4.40% over B.R
presently 14.60 % P.A with monthly rest |
-- |
-- |
|
Non Fund Based |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total (Max.)
|
4.000 |
10.000 |
10.000 |
|
3.999 |
NIL |
@
Break-up of over dues into Principal and interest with date since overdue.
|
SECURITY |
PARTICULARS |
DATE
OF VALUATION REPORT |
VALUE
(THEIR SHARE) PRESENT
PROPOSED |
|
|
Principal |
Hypothecation of stock of food grain items
Rice, Pulse, Moongfali, and other oil seed items |
31.03.2014 |
5.423 |
13.000 |
|
|
|
|
|
|
|
Collateral |
Already Kept with PNB, Etah |
|
|
|
|
|
a) EQM of residential property at Awas Vikash
Colony, Etah in the name of Smt. Veerwati Devi w/o Sh. Surendra Pal Singh |
12.08.2014 (Valued by M/s Magnet
Consortium) |
-- |
3.240 / 2.916 (Distress Value) |
|
|
b) EQM of House property situated at Mohalla
– Rewari, Etah in the name of Smt Anita Gupta w/o Sh. Rakesh Kumar Gupta |
12.08.2014 (Valued by M/s Magnet
Consortium) |
|
1.308 / 1.177 (Distress Value) |
|
|
c) EQM of residential Plot No.52, at Mauza –
Sheetalpur (Shastripuram), Etah in the name of Sh. Sudhesh Kumar s/o Sh.
Hakim Singh and Sh. Yash Pal Singh s/o Shri Sipahi Lal |
12.08.2014 (Valued by Magnet Consortium) |
|
2.000 / 1.800 (Distress Value) |
|
|
d) Pledge of TDR/RD and Assignment of LIC
policies |
|
0.670 |
Fresh TDR Rs.1.000 |
|
|
|
|
|
|
|
|
Proposed
Additional Collaterals - |
|
|
|
|
|
a) EQM of residential house at Sector-4,
Kailashganj, Etah in the name of Sh. Nitin Kumar Gupta and Sh Rakesh Kumar
Gupta |
12.08.2014 (Valued by Magnet Consortium) |
-- |
4.049 / (Distress value) 3.644 |
|
|
b) EQM of residential plot part of Gata No.
797, Situated at Mauza – Sheetalpur, Etah in the name of Smt. Sharda Devi w/o
Sh. Om Prakash |
12.08.2014 (Valued by Magnet Consortium) |
-- |
1.107 / 0.996 (Distress Value) |
|
|
c) EQM of
plot at Khet No. 566S, Situated at Mauza – Sheetalpur, Etah in the
name of Smt. Anita Gupta w/o Sh. Rakesh Kumar Gupta |
12.08.2014 (Valued by Magnet Consortium) |
-- |
2.400 / 2.160 (Distress Value) |
|
|
Total Collateral |
-- |
-- |
15.104 / 13.693
(Distress value) |
|
|
|
|
|
|
|
|
Total of Principal and collateral security |
|
|
28.104 |
|
|
|
|
|
|
|
|
Asset Coverage Ratio |
|
|
0.281 |
|
|
|
|
|
|
|
|
Collateral Coverage Ratio |
|
|
0.151 |
------------------------------------------------------------------------------------------------------------------------------
NAME
& ADDRESS OF PROPRIETOR / GUARANTORS
[RS. IN MILLIONS]
|
SR. NO. |
PROPRIETOR/
GUARANTORS NAME |
ASSETS |
LIABILITIES |
NET WORTH |
BASIS |
ADDRESS WITH CONTACT NO. |
|
|
Proprietor |
|
|
|
|
|
|
1 |
Sh. Nitin Kumar Gupta s/o Sh. Rakesh Kumar Gupta |
13.559 |
4.000 |
9.559 |
CBD-23 dt.
14.08.2014 |
Kailashganj,
Etah |
|
|
|
|
|
|
|
|
|
|
Guarantors - |
|
|
|
|
|
|
1. |
Smt. Anita Gupta W/o Sh. Rakesh Kumar Gupta |
9.200 |
-- |
9.200 |
CBD-23 dt.
14.08.2014 |
Kailashganj,
Etah |
|
2 |
Smt. Veerwati Devi W/o Sh. Surendra Pal Singh |
2.800 |
-- |
2.800 |
CBD-23 dt.
14.08.2014 |
Awas Vikash
Colony, Etah |
|
3. |
Sh. Sudesh Kumar s/o Sh Hakim Singh |
3.225 |
|
3.225 |
CBD-23 dt.
14.08.2014 |
Narhara, Etah |
|
4 |
Sh. Yash Pal Singh S/o Sh. Sipahi Lal |
9.500 |
0.200 KCC with
PNB |
9.300 |
CBD-23 dt. 14.08.2014 |
Narhara, Etah |
|
5 |
Smt. Sharda Devi W/o Sh. Om Prakash |
1.500 |
-- |
1.500 |
CBD-23 dt.
14.08.2014 |
Kalyanpur,
Pathora, Etah |
|
6. |
Sh. Rakesh Kumar Gupta S/o Sh. Om Prakash Gupta |
9.000 |
-- |
9.000 |
CBD-23 dt.
14.08.2014 |
Kailashganj,
Etah |
|
|
|
|
|
|
|
|
|
|
TOTAL |
35.225 |
0.200 |
35.025 |
|
|
------------------------------------------------------------------------------------------------------------------------------
CONDUCT/ VALUE OF ACCOUNT
[RS. IN MILLIONS]
|
UTILISATION OF : FACILITY WITH PNB, ETAH |
LAST YEAR |
CURRENT YEAR |
||
|
|
Amt. in Millions |
% |
Amt. in Millions |
% |
|
a) Fund Based limits |
4.000 |
100% |
4.000 |
100% |
|
b) Non Fund Based Limits |
NIL |
-- |
NIL |
-- |
|
i) Export
Turnover ii) Import Turnover |
NIL |
-- |
NIL |
-- |
|
|
|
|
||
|
EARNING |
LAST YEAR
(APRIL-MARCH) |
CURRENT YEAR
(ESTIMATES) UPTO JUNE14 |
||
|
Interest |
0.524 |
0.160 |
||
|
Non-interest income |
0.003 |
0.001 |
||
|
|
|
|
||
|
Total |
0.527 |
0.161 |
||
|
|
|
|
||
|
Yield % |
13.17% |
4.02% |
||
------------------------------------------------------------------------------------------------------------------------------
SACHIN KUMAR NITIN
KUMAR
FINANCIAL POSITION
[RS. IN MILLIONS]
|
SR. NO. |
PARTICULARS |
AUDITED |
AUDITED |
AUDITED |
ESTIMATED |
PROJECTED |
|
|
|
31.03.2012 |
31.03.2013 |
31.03.2014 |
31.03.2015 |
31.03.2016 |
|
a) |
Proprietor Capital |
1.014 |
1.308 |
2.659 |
3.549 |
4.677 |
|
|
|
|
|
|
|
|
|
b) |
Tangible Net worth |
1.014 |
1.308 |
2.659 |
3.549 |
4.677 |
|
|
|
|
|
|
|
|
|
c) |
Investment in Co |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
d) |
Unsecured Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
e) |
Medium & Long Term Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
f) |
Capital Employed |
1.014 |
1.308 |
2.659 |
3.549 |
4.677 |
|
|
|
|
|
|
|
|
|
g) |
Current Assets |
3.087 |
5.836 |
6.691 |
13.530 |
14.658 |
|
|
|
|
|
|
|
|
|
h) |
Current Liabilities |
2.079 |
4.547 |
4.051 |
10.000 |
10.000 |
|
|
|
|
|
|
|
|
|
|
NWC |
1.008 |
1.289 |
2.640 |
3.530 |
4.658 |
|
|
|
|
|
|
|
|
|
f) |
Net Block |
0.007 |
0.019 |
0.019 |
0.019 |
0.019 |
|
|
|
|
|
|
|
|
|
g) |
Net Sales/Receipts |
24.308 |
61.915 |
74.174 |
81.520 |
89.850 |
|
|
|
|
|
|
|
|
|
h) |
Other Income |
0.000 |
0.090 |
0.099 |
0.245 |
0.376 |
|
|
|
|
|
|
|
|
|
i) |
EBIDTA / PBIDTA |
0.306 |
0.840 |
0.981 |
2.269 |
2.715 |
|
|
|
|
|
|
|
|
|
j) |
Interest |
0.070 |
0.443 |
0.492 |
1.250 |
1.461 |
|
|
|
|
|
|
|
|
|
k) |
Gross Profit/Loss (PBDT) |
0.236 |
0.397 |
0.489 |
1.019 |
1.254 |
|
|
|
|
|
|
|
|
|
l) |
Taxes |
0.015 |
0.012 |
0.038 |
0.115 |
0.121 |
|
|
|
|
|
|
|
|
|
m) |
Cash Accruals |
0.221 |
0.385 |
0.451 |
0.904 |
1.133 |
|
|
|
|
|
|
|
|
|
n) |
Depreciation |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
o) |
Net Profit/Loss |
0.221 |
0.385 |
0.451 |
0.904 |
1.133 |
|
|
|
|
|
|
|
|
|
p) |
NP/Cap Employed % |
21.79 |
29.43 |
16.96 |
25.47 |
24.22 |
|
|
|
|
|
|
|
|
|
|
RATIOS : |
|
|
|
|
|
|
s) |
Current Ratio |
1.48 |
1.28 |
1.65 |
1.35 |
1.47 |
|
|
|
|
|
|
|
|
|
t) |
Debt/Equity : |
|
|
|
|
|
|
|
Term Liab/TNW |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
Total Outside Liab./ TNW |
2.05 |
3.48 |
1.52 |
2.82 |
2.14 |
|
|
TOL/ TNW+QE |
2.05 |
3.48 |
1.52 |
2.82 |
2.14 |
|
|
|
|
|
|
|
|
|
u) |
PAT/Net Sales % |
0.91 |
0.62 |
0.61 |
1.11 |
1.26 |
|
|
|
|
|
|
|
|
|
w) |
Interest Coverage |
4.37 |
1.90 |
1.99 |
1.82 |
1.86 |
|
|
|
|
|
|
|
|
|
x) |
Inv.+ Rece./ Sales (%)
|
12.04 |
9.24 |
8.71 |
12.21 |
11.57 |
------------------------------------------------------------------------------------------------------------------------------
AUDIT / INSPECTION/MEETINGS
|
Particulars |
Last 3 Dates |
Remarks/ observations & Br./ Z.O. comments on
rectification |
|
Stock inspection |
12.08.2014 |
No adverse remark
by RBI / Statutory Audit Last 3 Inspection: This is new account for their Branch although pre sanction inspection findings are satisfactory and proposed collaterals are marketable and easily realisable. |
|
|
|
|
|
Any adverse comments of Statutory/ Internal/ Concurrent/ Revenue/ RBI Auditors and Borrower's Auditors (as extracted from the Balance sheet) |
-- |
|
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT/JUSTIFICATION
[RS. IN MILLIONS]
WORKING CAPITAL
ASSESSMENT (SHOULD COVER ACCEPTABILITY OF PROJECTED SALES)
|
SR. NO. |
PARTICULARS |
PREVIOUS YEAR (2013-14) |
CURRENT YEAR (2014-15) |
|
a. |
Gross Sales |
74.174 |
81.520 |
|
|
|
|
|
|
b. |
25% of Gross Sales |
18.543 |
20.380 |
|
|
|
|
|
|
c. |
5% of Gross Sales |
3.708 |
4.076 |
|
|
|
|
|
|
d. |
Actual /Projected Net Working Capital |
2.640 |
3.530 |
|
|
|
|
|
|
e. |
(b-c) |
14.835 |
16.304 |
|
|
|
|
|
|
f. |
(b-d) |
15.903 |
16.850 |
|
|
|
|
|
|
g. |
Permissible Bank Finance* (Lower of e & f) |
14.835 |
16.304 |
|
|
|
|
|
|
|
Max. Limit
recommended |
4.000 |
10.000 |
Gross
Sale of the firm was Rs. 74.174 Millions during F.Y ending Mar’14 which is
estimated to increase upto Rs. 81.520 Millions. Also the Turnover in the
account from 01.04.2013 to 31.03.2014 was Rs. 74.200 Millions with PNB, Etah,
which is justifying for actual sale and also achievement of estimated and
projected sale and also looking the sale position and turn over in the account
justify the requested facility as genuine which is 20% of the projected sale
for current year.
------------------------------------------------------------------------------------------------------------------------------
PROJECT
APPRAISAL BY
[RS. IN MILLIONS]
PROJECT PARTICULARS
Firm is presently enjoying cash credit limit of Rs.4.000 Millions with PNB, Etah and dealing with trading and whole selling of Food grains Like – High quality Rice, Wheat, Pulse crop and Oil Seed crop ROI charged by PNB, Etah is 14.75% and therefore they have submitted their request for takeover of account with enhancement of limit to Rs.10.000 Millions. Firm is complying all the norms of takeover of account as under
|
SR. NO |
PARAMETERS FOR TAKEOVER OF ACCOUNTS |
MARCH’12 |
MARCH’13 |
MARCH’14 |
REMARK |
|
1 |
Profitability |
0.221 |
0.385 |
0.451 |
Increasing trend |
|
|
|
|
|
|
|
|
2 |
Sale Trend |
24.308 |
61.915 |
74.174 |
Increasing trend |
|
|
|
|
|
|
|
|
3 |
Debt Equity Ratio |
2.05 |
3.48 |
1.52 |
Always less than 4 |
|
|
|
|
|
|
|
|
4 |
Current Ratio |
1.48 |
1.28 |
1.65 |
C.R is more than 1.25:1 |
|
|
|
|
|
|
|
|
5 |
ISCR |
4.37 |
1.90 |
1.99 |
ISCR is continuously more than 1.75 |
|
|
|
|
|
|
|
|
6 |
Collateral coverage Ratio |
-- |
-- |
151.04 |
>1.50% |
COMPLIANCE WITH HO C&IC DIRECTIVES AS PER IOM NO. HO: LC: HS: 3845
DATED 26.03.2012.
[RS. IN MILLIONS]
|
SR. NO. |
HO DIRECTIVES |
BRANCH REMARKS |
|
1. |
Banking arrangements
for last 3 years to be reviewed for assessing the reasons for switch over. |
They have reviewed the
reason of switch over from PNB to their BOI is as under – ROI charged by PNB –
14.75% Applicable ROI for
SBS-5 (Entry level) account with them is 4.40% above B.R presently 14.60% P.A
(Difference in ROI of 0.15% is costing much higher. |
|
2. |
Latest sanction of previous
bank to be perused and securities provided to earlier bank should not be
diluted while considering for takeover. |
They have perused the
latest sanction of previous bank and security provided is intact. They are ready to
provide fresh TDR of Rs.1.000 Million instead of liquid security provided to
PNB, Etah of Rs. 0.670 Million due to loss of interest on prematurity payment
of TDR and RD account. |
|
3. |
Bank statements for
last 12 months to be reviewed. While scrutinizing the bank statement, among
others, certain parameters are to be looked into as follows: |
Bank statement for
last 12 months reviewed and turn over found satisfactory, (Turn over for the
period 01.04.13 to 31.03.14 with PNB is Rs.74.200 Million) and also CD
account maintained with them is satisfactory, |
|
1. Cheque returns, if
any. |
No cheque returned due
to paucity of fund |
|
|
2. LC devolvement, if
any. |
NA |
|
|
3. Whether turnover in
the account is commensurate with the sales mentioned in audited balance
sheet. |
Yes |
|
|
4. Frequent cash
withdrawals if any. |
Very less cash
withdrawal is being done, most of the
transaction is being done through RTGS / NEFT |
|
|
|
5. Frequent
overdrawings / exceeding if any. |
No TOD / TOL is
requested |
------------------------------------------------------------------------------------------------------------------------------
POSITION
OF ACCOUNTS AS ON 30.08.2014
[RS. IN MILLIONS]
|
FACILITY |
SANC. LIMIT |
VALUE OF SECURITY AS
ON |
DRAWING POWER |
DRAWING LIMIT |
O/S AMT. |
|
Fund Based PNB, Etah |
4.000 |
Principal-Rs.
5.200 Collateral-Rs.7.218 |
4.000 |
4.000 |
3.999 |
------------------------------------------------------------------------------------------------------------------------------
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 records 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 records 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. 61.23 |
|
|
1 |
Rs. 98.53 |
|
Euro |
1 |
Rs. 77.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
DEFAULTERS |
|
|
|
--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.