MIRA
INFORM REPORT
|
Report Date : |
23.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
YUG INTERNATIONAL PRIVATE LIMITED [w.e.f.20.12.2012] |
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|
|
Formerly Known
As : |
YOG INTERNATIONAL PRIVATE LIMITED [w.e.f.04.06.2002] YOG PETRO PRIVATE LIMITED |
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Registered
Office : |
113/131, Swaroop Nagar, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
17.04.1997 |
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Com. Reg. No.: |
20-021784 |
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Capital
Investment / Paid-up Capital : |
Rs. 19.301 Millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U65910UP1997PTC021784 |
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|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
KNPY00215F |
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PAN No.: [Permanent Account No.] |
AAACY0486D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importing,
Exporting and Marketing of Specialty Petro Chemicals for Industrial
Production. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for
business dealings. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company 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.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of Investigation
books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest Euro
100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that it had willfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Rating |
|
Rating |
Fund based limits = BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
June 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 BY
|
Name : |
Mr. Nilesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-30276000 |
|
Date : |
22.09.2014 |
|
Name : |
Mr. Pandey |
|
Designation : |
Purchase Department |
|
Contact No.: |
91-9920811275 |
|
Date : |
22.09.2014 |
LOCATIONS
|
Registered/ Head Office : |
113/131, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2543487/ 2543488 |
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Mobile No.: |
91-9920811275 [Mr. Pandey] |
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Fax No.: |
91-512-2543486 |
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E-Mail : |
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Website : |
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Branch Office : |
38, Jai Laxmi Promoters Society, 338, Narshi Natha Street, Masjid Bunder, Mumbai - 400009, Maharashtra, India |
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Tel. No.: |
91-22-23436878/ 23444980/ 56312098/ 56312097 |
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Fax No.: |
91-22-23425802 |
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Other Branch Offices : |
Located at: · New Delhi Mumbai Kutch Ahmedabad |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Amar Nath Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. 203, Ratan Apartment, 7/154, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.02.1952 |
|
Date of Appointment : |
17.04.1997 |
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PAN No.: |
AAUPG4232E |
|
DIN No.: |
00358060 |
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|
|
|
Name : |
Mr. Amit Agarwal |
|
Designation : |
Director |
|
Address : |
A-3, Delhi Rajdhani Society, IP Extension 80, Patparganj, Delhi – 110092, India |
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Date of Birth/Age : |
07.07.1974 |
|
Date of Appointment : |
30.04.1997 |
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PAN No.: |
ADVPA4903A |
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DIN No.: |
01030057 |
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|
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|
Name : |
Mr. Amit Bansal |
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Designation : |
Director |
|
Address : |
Flat No. 202, Sai Siddhi Apartment, 11th Rd. Chembur, Next To Kukreja, Construction Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
06.10.1973 |
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Date of Appointment : |
12.11.2001 |
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PAN No.: |
ABSPA9157H |
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DIN No.: |
00725678 |
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|
|
|
Name : |
Mr. Mayur Saraf |
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Designation : |
Director |
|
Address : |
46/46, Rajgaddi, Hatia, Kanpur – 208001, Uttar Pradesh, India |
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Date of Birth/Age : |
08.03.1981 |
|
Date of Appointment : |
07.04.2005 |
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PAN No.: |
ATJPS5435K |
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DIN No.: |
00722003 |
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|
|
|
Name : |
Mr. Nishant Vaish |
|
Designation : |
Director |
|
Address : |
Flat No.103, C-Wing, Mount Classic, Yogi Hills, Off Balrajeshwar Road, Mulund (West), Mumbai – 400080, Maharashtra, India |
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Date of Birth/Age : |
17.12.1976 |
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Date of Appointment : |
12.11.2001 |
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PAN No.: |
AAJPV5962D |
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DIN No.: |
01534398 |
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|
|
|
Name : |
Mr. Vijay Kumar Singla |
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Designation : |
Director |
|
Address : |
381, Windsor Greens, F-28, Sector-50, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
12.07.1944 |
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Date of Appointment : |
31.12.2003 |
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PAN No.: |
AKJPS7232F |
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DIN No.: |
00709714 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh |
|
Designation : |
Accountant |
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|
|
|
Name : |
Mr. Pandey |
|
Designation : |
Purchase Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
24.09 |
|
Directors
or relatives of directors |
57.57 |
|
Other
top fifty shareholders |
18.34 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importing,
Exporting and Marketing of Specialty Petro Chemicals for Industrial
Production. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
· Standard Chartered Bank 10, Parliament Street, New Delhi - 110001, Delhi, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Bank of Baroda Civil Lines Branch, Civil Lines, Kanpur - 208001, Uttar Pradesh, India · Citibank N.A Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, India · Centurion Bank of Punjab M -39 Outer Circle, Connaught Circus, Delhi - 110001, Delhi, India · ABN Amro Bank Barakhamba Road, New Delhi - 110001, Delhi, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Hiren and Jain Chartered Accountants |
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Address : |
27/81, Birhana Road, Kanpur – 208001, Uttar Pradesh, India
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Income-tax
PAN of auditor or auditor's firm : |
AAAFH9738G |
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Subsidiary company
: |
Yug Trading Pte Limited |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,036,145 |
Equity Shares |
Rs. 10/- each |
Rs. 20.361 Millions |
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AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,930,135 |
Equity Shares |
Rs. 10/- each |
Rs. 19.301 Millions |
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|
|
|
|
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 |
19.301 |
17.966 |
17.966 |
|
(b) Reserves & Surplus |
168.864 |
131.074 |
103.889 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
28.501 |
46.935 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
216.666 |
195.975 |
121.855 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
113.193 |
64.608 |
52.977 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
113.193 |
64.608 |
52.977 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
108.819 |
139.912 |
61.674 |
|
(b)
Trade payables |
1065.316 |
929.319 |
891.887 |
|
(c)
Other current liabilities |
45.545 |
42.942 |
34.729 |
|
(d) Short-term
provisions |
1.694 |
1.604 |
1.571 |
|
Total Current
Liabilities (4) |
1221.374 |
1113.777 |
989.861 |
|
|
|
|
|
|
TOTAL |
1551.233 |
1374.360 |
1164.693 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
20.193 |
19.620 |
17.903 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.426 |
2.426 |
2.426 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.067 |
5.067 |
5.067 |
|
(c) Deferred tax assets (net) |
0.532 |
0.330 |
0.231 |
|
(d) Long-term Loan and Advances |
22.309 |
20.067 |
15.589 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
50.527 |
47.510 |
41.216 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
342.406 |
344.297 |
285.725 |
|
(c)
Trade receivables |
1006.298 |
915.369 |
808.498 |
|
(d) Cash
and cash equivalents |
79.066 |
18.701 |
10.884 |
|
(e)
Short-term loans and advances |
72.936 |
48.483 |
18.370 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1500.706 |
1326.850 |
1123.477 |
|
|
|
|
|
|
TOTAL |
1551.233 |
1374.360 |
1164.693 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
30.135 |
28.789 |
20.456 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
0.933 |
22.269 |
NA |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.61 |
16.02 |
11.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.02 |
1.04 |
0.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.19 |
1.13 |
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 |
17.966 |
17.966 |
19.301 |
|
Reserves & Surplus |
103.889 |
131.074 |
168.864 |
|
Share Application money pending allotment |
0.000 |
46.935 |
28.501 |
|
Net
worth |
121.855 |
195.975 |
216.666 |
|
|
|
|
|
|
Long-term borrowings |
52.977 |
64.608 |
113.193 |
|
Short term borrowings |
61.674 |
139.912 |
108.819 |
|
Total
borrowings |
114.651 |
204.520 |
222.012 |
|
Debt/Equity ratio |
0.941 |
1.044 |
1.025 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
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 |
-- |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10474945 |
30/01/2014 |
170,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI
BUILDING, 4TH FLOOR, 124, CONNAUGHT |
B95234472 |
|
2 |
10458804 |
07/11/2013 |
564,300,000.00 |
STANDARD
CHARTERED BANK |
10, PARLIAMENT STREET,
NEW DELHI, DELHI - 110001, INDIA |
B89000442 |
|
3 |
10434801 |
14/05/2013 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA
- 400018, INDIA |
B78720463 |
|
4 |
10414916 |
05/11/2013 * |
270,000,000.00 |
STANDARD
CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, INDIA |
B88999685 |
|
5 |
10290863 |
28/05/2013 * |
294,300,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B77796811 |
|
6 |
10272869 |
24/02/2011 |
22,200,000.00 |
BANK OF BARODA |
CIVIL LINES
BRANCH, CIVIL LINES, KANPUR, UTTAR PRADESH - 208001, INDIA |
B08470478 |
|
7 |
10196631 |
22/01/2010 |
11,450,000.00 |
RELIANCE CAPITAL
LIMITED |
"H"
BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI,
MAHARASHTRA - 400710, INDIA |
A77336527 |
|
8 |
10108007 |
28/05/2013 * |
294,300,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B77930766 |
|
9 |
10108015 |
28/05/2013 * |
294,300,000.00 |
HDFC BANK
LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B78079175 |
|
10 |
10093347 |
19/11/2007 * |
95,000,000.00 |
CENTURION BANK
OF PUNJAB LIMITED |
M-39,CONNAUGHT
CIRCUS, NEW DELHI, NEW DELHI, DELHI - 110001, INDIA |
A39426044 |
|
11 |
90277914 |
21/04/2005 |
3,375,540.00 |
ABN AMRO BANK |
BARAKHAMBA ROAD,
NEW DELHI, DELHI -110001, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
35.030 |
35.500 |
|
Deposits from Directors |
29.049 |
19.529 |
|
|
|
|
|
Total |
64.079 |
55.029 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from 123/1, Fkalpi
Road, Kanpur - 208012, Uttar Pradesh, India to the present address
w.e.f.22.12.2012.
GENERAL INFORMATION
Subject is engaged in
Import, Export and Marketing of specialty petro chemicals for industrial
production. The company has Head office at Kanpur and four branches in various
states of the country.
FIXED ASSETS:
· Land
Buildings
Office
building
Other
building
Furniture
and fixtures
Vehicles
Motor
vehicles
Office
equipment
Other
equipments
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. 60.79 |
|
|
1 |
Rs. 99.30 |
|
Euro |
1 |
Rs. 78.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
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 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
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 |
|
43 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.