MIRA
INFORM REPORT
|
Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
WELLKNOWN POLYESTERS LIMITED |
|
|
|
|
Registered
Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400 021, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
23.10.1996 |
|
|
|
|
Com. Reg. No.: |
11-103477 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.204.720
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17114MH1996PLC103477 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW1018K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Texturized Polyester Yarns. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 31000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
CARE |
|
Rating |
Long term bank facilities=A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
01.08.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities=A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
10.07.2013 |
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. Anil Katrecha |
|
Designation : |
Manager |
|
Contact No.: |
91-22-66207000 |
|
Date : |
13.09.2014 |
LOCATIONS
|
Registered Office/ Corporate Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22070054/ 66207000 |
|
Fax No.: |
91-22-22070054/ 66207050 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
|
|
|
Factory: |
Plot No.178, 185, Dabhel Industrial Co-operative Society Limited, Nani Daman, Daman – 396210, India |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
D/423 International Trade Centre, Majura Gate, Surat, Gujarat, India |
|
Tel No.: |
91-261-3255945 |
|
Fax No.: |
91-261-3927155 |
|
|
|
|
Branch Office 2 : |
145C, Dr. Viegas Street, 4th Floor, Kalbadevi Road, Mumbai
– 400002, Maharashtra, India |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Anil Madanlal Gupta |
|
Designation : |
Managing Director |
|
Address : |
9/41, |
|
Date of Birth/Age : |
01.09.1964 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
01376458 |
|
|
|
|
Name : |
Mr. Ashok Madanlal Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
2/7, |
|
Date of Birth/Age : |
30.09.1959 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
01510569 |
|
|
|
|
Name : |
Mrs. Latadevi Madanlal Gupta |
|
Designation : |
Director |
|
Address : |
9/41, |
|
Date of Birth/Age : |
12.01.1939 |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
02489852 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Equity Shareholders |
No. of Shares |
|
Anil Kumar Gupta |
2407419 |
|
Charulata Gupta |
1121157 |
|
Madanlal Gupta, Karta Madanlal Gupta- HUF |
38860 |
|
Ashok Kumar Gupta Karta Ashok Kumar Gupta HUF |
37607 |
|
Anil Gupta, Karta Anil Gupta HUF |
123776 |
|
Latadevi Gupta |
542 |
|
Rahul A. Gupta, NG Anil Gupta |
1288560 |
|
Saakshi A. Gupta Ng. Ashok Kumar Gupta |
21310 |
|
Wellknown Hitech Projects Private Limited, |
53049 |
|
Wellknown Technologies Private Limited, India |
1205208 |
|
Wellknown Textiles Industries Private
Limited, |
5913907 |
|
Total
|
12211395 |
|
Names of Preference Shareholders |
No. of Shares |
|
Anil Gupta |
1377 |
|
Charulata Gupta |
245 |
|
Madanlal Gupta, Karta Madanlal Gupta, HUF |
269 |
|
Ashok Gupta, Karta Ashok Gupta HUF |
103 |
|
Anil Gupta, Karta Anil Gupta, HUF |
60 |
|
Rahul A. Gupta NG Anil Gupta |
633 |
|
Saakshi A. Gupta NG Anil Gupta |
435 |
|
Wellknown Technologies Private Limited, India |
167939 |
|
Wellknown Textile Industries Private Limited, India |
255000 |
|
Total
|
426061 |
As on: 31.03.2013
|
Names of Allottees (Preference Shares) |
No. of Shares |
|
Ashtavinayak Agrofarms Private Limited, India |
200000 |
|
Total |
200000 |
As on: 01.02.2013
|
Names of Allottees (Preference Shares) |
No. of Shares |
|
Wellknown Textile Industries Private Limited, India |
100000 |
|
Wellknown Technologies Private Limited, India |
100000 |
|
Total |
200000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
Percentage |
|
Bodies corporate |
58.73 |
|
Directors or relatives of Directors |
41.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Texturised Polyester Yarns. |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Egypt ·
Mexico |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
China ·
Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Indian Oil Corporation, Mumbai, Maharashtra,
India ·
Garden Silk Made Limited, Mumbai, Maharashtra,
India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Others ·
D’Decor Company, Mumbai, Maharashtra, India ·
Sky Industries, Surat, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
300 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India Industrial Finance Branch,
Union Bank Bhavan, 239,Vidhan Bhavan Marg, Nariman Point, Mumbai – 400021,
Maharashtra, India ·
Commonwealth Bank of Australia Mumbai Branch Hoechst House, Level 2 Nariman Point,
Mumbai – 400021, Maharashtra, India ·
Andhra Bank 18, Homi Modi Street, Nanavati Mahalaya,
Fort, Mumbai - 400021, Maharashtra, India ·
Axis Bank Limited Corporate Banking Branch, Axis
House, Bombay Dyieng Mills Compound, P B Marg, Worli, Mumbai – 400025,
Maharashtra, India ·
Indian Overseas Bank Nariman Point Branch,
'Bakhtawar', Nariman Point, Mumbai – 400021, Maharashtra, India ·
State Bank of India IFB, Natraj Building, 102,
1st Floor, 194, Sir M V Road Western Express Highway, Andheri (East), Mumbai
– 400069, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||
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|
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|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mittal and Associates Chartered Accountants |
|
Address : |
471/B Astral Centre, N.M. Joshi Marg, Chinchpokli West, Mumbai,
Maharashtra, India |
|
PAN No.: |
AAAFM9559Q |
|
|
|
|
Subsidiary company : |
· Wellknown Synthetics Private Limited CIN No.: U17110MH1997PTC110093 · Wellknown Technologies Private Limited CIN No.: U80220MH2005PTC154131 |
|
|
|
|
Associated Concerns : |
· Wellknown Textile Industries Private Limited · Wellknown Chemicals Private Limited · Wellknown Hitech Projects Private Limited (Formerly known as Wellknown Financial Securities Private Limited). · Wellknown Technologies Private Limited · Wellknown Housing Development Private Limited · Wellknown Logistics Private Limited · Wellknown Landmark Ventures Private Limited · Wellknown Infratech Private Limited · Wellknown Properties Private Limited. · Gupta Villa Limited · Ashtavinayak Agrofarms Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 Millions |
|
1250000 |
Preference Shares |
Rs.100/- each |
Rs.125.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12211395 |
Equity Shares |
Rs.10/- each |
Rs.122.114
Millions |
|
826061 |
Preference Shares |
Rs.100/- each |
Rs.82.606
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.204.720 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
35000.000 |
Expected Sales (2014-2015): Rs.45000.000 Millions
The above information has been parted by Mr. Anil Katrecha (Manager)
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 |
204.720 |
184.720 |
144.945 |
|
(b) Reserves & Surplus |
7699.111 |
5344.611 |
3266.277 |
|
(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) |
7903.831 |
5529.331 |
3411.222 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
12062.562 |
4115.899 |
4235.781 |
|
(b) Deferred tax liabilities (Net) |
1203.257 |
790.401 |
697.565 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
11.631 |
|
(d) long-term provisions |
9.957 |
8.641 |
7.991 |
|
Total Non-current Liabilities (3) |
13275.776 |
4914.941 |
4952.968 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2621.123 |
3280.855 |
1117.107 |
|
(b) Trade payables |
2591.883 |
1539.563 |
1766.200 |
|
(c) Other current
liabilities |
1858.073 |
1493.860 |
998.084 |
|
(d) Short-term provisions |
151.371 |
130.937 |
113.757 |
|
Total Current Liabilities (4) |
7222.450 |
6445.215 |
3995.148 |
|
|
|
|
|
|
TOTAL |
28402.057 |
16889.487 |
12359.338 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
17459.389 |
7685.966 |
6989.568 |
|
(ii) Intangible Assets |
10.993 |
10.188 |
2.947 |
|
(iii) Capital
work-in-progress |
464.847 |
1311.962 |
140.597 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.699 |
191.303 |
193.303 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
331.714 |
192.355 |
159.830 |
|
(e) Other Non-current assets |
577.730 |
317.032 |
318.219 |
|
Total Non-Current Assets |
18847.372 |
9708.806 |
7804.464 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
191.245 |
0.000 |
0.000 |
|
(b) Inventories |
4287.338 |
2649.211 |
1908.902 |
|
(c) Trade receivables |
1541.409 |
561.536 |
707.895 |
|
(d) Cash and cash
equivalents |
2010.129 |
3026.740 |
1287.468 |
|
(e) Short-term loans and
advances |
25.939 |
129.589 |
0.277 |
|
(f) Other current assets |
1498.625 |
813.605 |
650.332 |
|
Total Current Assets |
9554.685 |
7180.681 |
4554.874 |
|
|
|
|
|
|
TOTAL |
28402.057 |
16889.487 |
12359.338 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
18834.452 |
15771.515 |
13256.095 |
|
|
|
Other Income |
355.711 |
231.804 |
143.635 |
|
|
|
TOTAL (A) |
19190.163 |
16003.319 |
13399.730 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
14370.215 |
12384.480 |
9541.991 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(884.976) |
(814.227) |
(337.627) |
|
|
|
Employee benefit expense |
264.472 |
220.729 |
244.434 |
|
|
|
Other expenses |
2695.501 |
1932.952 |
1754.068 |
|
|
|
Exceptional items before tax |
0.000 |
0.001 |
0.314 |
|
|
|
TOTAL (B) |
16445.212 |
13723.935 |
11203.180 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2744.951 |
2279.384 |
2196.550 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
485.217 |
431.659 |
387.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2259.734 |
1847.725 |
1809.345 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
480.351 |
372.953 |
345.636 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1779.383 |
1474.772 |
1463.709 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
421.035 |
339.591 |
394.301 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1358.348 |
1135.181 |
1069.408 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.000 |
0.000 |
1794.442 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
1794.442 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
NA |
51.780 |
|
|
|
RM / Stores |
NA |
NA |
3769.371 |
|
|
TOTAL IMPORTS |
NA |
NA |
3821.151 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
108.35 |
90.96 |
85.83 |
|
|
|
Diluted |
81.25 |
77.33 |
74.66 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
7.08
|
7.09
|
7.98
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.45
|
9.35
|
11.02
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.37
|
9.59 |
11.88
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.27 |
0.43
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.86
|
1.34 |
1.76
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32
|
1.11 |
2.10
|
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 |
144.945 |
184.720 |
204.720 |
|
Reserves & Surplus |
3266.277 |
5344.611 |
7699.111 |
|
Net
worth |
3411.222 |
5529.331 |
7903.831 |
|
|
|
|
|
|
long-term borrowings |
4235.781 |
4115.899 |
12062.562 |
|
Short term borrowings |
1117.107 |
3280.855 |
2621.123 |
|
Total
borrowings |
5352.888 |
7396.754 |
14683.685 |
|
Debt/Equity
ratio |
1.569 |
1.338 |
1.858 |
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 |
13,256.095 |
15,771.515 |
18,834.452 |
|
|
|
18.976 |
19.421 |
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
|
13,256.095 |
15,771.515 |
18,834.452 |
|
Profit |
1,069.408 |
1,135.181 |
1,358.348 |
|
|
8.07% |
7.20% |
7.21% |
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 four years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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: Registered office
of the company has been shifted from 46, Swadeshi Market, First Floor,
Kalbadevi Road, Mumbai – 400 002, Maharashtra, India to the present address w.e.f.
02.04.2007.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10458104 |
10/10/2013 |
1,050,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH,UNION BANK BHAVAN, 239, |
B88726138 |
|
2 |
10457018 |
09/10/2013 |
200,000,000.00 |
COMMONWEALTH
BANK OF AUSTRALIA |
MUMBAI BRANCH HOECHST
HOUSE, LEVEL 2 NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B88247325 |
|
3 |
10432400 |
18/05/2013 |
500,000,000.00 |
ANDHRA BANK |
18, HOMI MODI
STREET, NANAVATI MAHALAYA, FORT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B77648004 |
|
4 |
10429740 |
11/05/2013 |
600,000,000.00 |
AXIS BANK
LIMITED |
CORPORATE
BANKING BRANCH, AXIS HOUSE, BOMBAY DYIENG MILLS COMPOUND, P B MARG, WORLI,
MUMBAI, MAHARASHTRA - 400025, INDIA |
B76584945 |
|
5 |
10420050 |
23/03/2013 |
780,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL
FINANCE BRANCH,UNION BANK BHAVAN, 239, |
B73284937 |
|
6 |
10419528 |
21/03/2013 |
1,000,000,000.00 |
STATE BANK OF
INDIA |
IFB, NATRAJ BUILDING,
102, 1ST FLOOR, 194,, SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI (E),
MUMBAI, MAHARASHTRA - 400069, INDIA |
B73116147 |
|
7 |
10407746 |
27/02/2013 |
996,900,000.00 |
AXIS BANK
LIMITED |
CORPORATE BANKING
BRANCH, AXIS HOUSE,, BOMBAY DYIENG MILLS COMPOUND, P B MARG, WORLI, MUMBAI,
MAHARASHTRA - 400025, INDIA |
B69511764 |
|
8 |
10395688 |
30/11/2012 |
1,400,000,000.00 |
INDIAN OVERSEAS
BANK |
NARIMAN POINT
BRANCH, BHAKTAWAR , NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B65392797 |
|
9 |
10365857 |
05/02/2013 * |
340,000,000.00 |
BANK OF INDIA |
ANDHERI LARGE
CORPORATE BRANCH , MDI BUILDING, 28, S. V. ROAD, ANDHERI (WEST), MUMBAI,
MAHARASHTRA - 400058, INDIA |
B68761253 |
|
10 |
10334665 |
08/02/2012 |
3,045,996,275.00 |
LANDESBANK
BADEN-WURTTEMBERG |
AM HAUPTBAHNHOF
2, 70173 STUTTGART, FEDERAL REPUBLIC OF GERMANY, STUTTGART, - NA, GERMANY |
B31722473 |
* Date of charge modification
FIXED ASSETS:
· Land Freehold
· Building
· Plant and Machinery
· Motor Vehicle
· Office Equipment
· Furniture and Fixtures
· Computers
· Computer Software
· Trade Mark
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.60.84 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
50 |
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.