MIRA
INFORM REPORT
|
Report Date : |
29.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLASH FORCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11, R.K. Industry House, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.07.1991 |
|
|
|
|
Com. Reg. No.: |
11-187895 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 72.026
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1991PTC187895 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF7428E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Forgings. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a fine track record. Financial position of the company seems to be sound. 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 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 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.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
Subject’s name has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
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.
Subject’s name has been found enlisted as a
defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’
list as of 31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Kamaraju |
|
Designation : |
Account |
|
Contact No.: |
91-9391885111 |
|
Date : |
29.09.2014 |
LOCATIONS
|
Registered Office : |
11, R.K. Industry House, Walbhot Road, Goregaon (East), Mumbai –
400063, Maharashtra, India |
|
Tel. No.: |
91-22-42769656 |
|
Mobile No.: |
91-9397307310 (Mr. A V Prasad) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Head Office / Factory : |
Plot 237, D-Block, Autonagar Industrial Area, Visakhapatnam – 530012,
Andhra Pradesh, India |
|
Tel. No.: |
91-891-3292232/ 2709373 |
|
Fax No.: |
91-891-2768281 |
|
E-Mail : |
|
|
Area : |
50000 Sq. ft |
|
Location : |
Rented |
|
|
|
|
Mumbai Office : |
72, Udyog Bhavan, Sonawala Road, Goregaon (East), Mumbai - 400063, Maharashtra, India |
|
Tel. No.: |
91-22-42769696/ 32447119 |
|
Fax No.: |
91-22-26850341 |
|
E-Mail : |
|
|
|
|
|
Overseas Offices : |
Located at: · Mexico Colombia Brazil |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Gautam Makkar |
|
Designation : |
Managing director |
|
Address : |
101, Jasti Square Apartments, Beach Road, Vishkhapatnam – 530023,
Andhra Pradesh, India |
|
Date of Birth/Age : |
24.09.1969 |
|
Date of Appointment : |
01.10.1999 |
|
PAN No.: |
AGQPM2281D |
|
DIN No.: |
00354956 |
|
|
|
|
Name : |
Mr. Sunil Menon |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 1702, Odyssey 1, Hiranandani Gardens, Powai, Mumbai –
4000063, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1967 |
|
Date of Appointment : |
01.04.1994 |
|
PAN No.: |
AERPM5344Q |
|
DIN No.: |
00409485 |
KEY EXECUTIVES
|
Name : |
Mr. Kamaraju |
|
Designation : |
Account |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Gautam Makker |
|
1814300 |
|
Shalini Menon |
|
970190 |
|
Sunil Menon |
|
1024110 |
|
Navigating Sales Private Limited, India |
|
750000 |
|
Pushpak Advisory Private Limited, India |
|
1250000 |
|
Diplok Advisory Private Limited, India |
|
180000 |
|
Aay Aar Consultancy Services Private Limited, India |
|
500000 |
|
|
|
|
|
Total |
|
6488600 |
Equity Shareholders with Differential Voting Rights
|
Names of Shareholders |
|
No. of Shares |
|
Aay Aar Consultancy Services Private Limited, India |
|
100000 |
|
Lalima Tie-Up Private Limited, India |
|
100000 |
|
Navigating Sales Private Limited, India |
|
100000 |
|
Pushpak Advisory Private Limited, India |
|
200000 |
|
Pagaria Holding Private Limited, India |
|
214000 |
|
|
|
|
|
Total |
|
714000 |
Equity Share Break up (Percentage of Total Equity)
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
47.13 |
|
Directors
or relatives of directors |
52.87 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Forgings. |
|
|
|
|
Exports : |
|
|
Products : |
Heat exchanger |
|
Countries : |
USA |
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|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
China ·
Germany ·
Japan |
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|
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|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
No. of Employees : |
350 (Approximately) |
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Bankers : |
· IDBI Bank Limited Siripuram Branch,
Visakhapatnam - 530003, Andhra Pradesh, India · IDBI Bank Limited IDBI Tower, WTC
Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
--- |
|
|
|
|
Financial Institution : |
· Reliance Capital Limited "H" Block 1st Floor, Dhirubhai Ambani Knowledge
City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
V. Jagannadham and
Associates Chartered Accountants |
|
Address : |
52-8-12/2, 1st Floor, Niharika Enclave, Behind Satyam
Computers, Rasapuvanipalem, Vizag, Vishakhapatnam – 530013, Andhra Pradesh,
India |
|
PAN No.: |
AAIPV3081C |
|
|
|
|
Associate : |
Airotech Profiles (India) Private Limited [CIN: U72200AP2007PTC052863] |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,202,600 |
Equity Shares |
Rs. 10/- each |
Rs. 72.026
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 |
72.026 |
72.026 |
59.800 |
|
(b) Reserves & Surplus |
284.433 |
206.115 |
164.582 |
|
(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) |
356.459 |
278.141 |
224.382 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.626 |
20.766 |
11.644 |
|
(b) Deferred tax liabilities (Net) |
18.416 |
14.000 |
10.343 |
|
(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) |
30.042 |
34.766 |
21.987 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
199.018 |
141.039 |
141.419 |
|
(b)
Trade payables |
349.582 |
333.378 |
214.728 |
|
(c) Other
current liabilities |
282.540 |
92.173 |
70.944 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
831.140 |
566.590 |
427.091 |
|
|
|
|
|
|
TOTAL |
1,217.641 |
879.497 |
673.460 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
268.104 |
203.333 |
132.181 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.698 |
0.000 |
23.969 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
19.622 |
3.925 |
0.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
288.424 |
207.258 |
156.650 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
219.500 |
152.543 |
115.909 |
|
(c)
Trade receivables |
262.845 |
425.959 |
311.242 |
|
(d) Cash
and cash equivalents |
207.408 |
80.164 |
55.538 |
|
(e)
Short-term loans and advances |
239.464 |
13.573 |
34.121 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
929.217 |
672.239 |
516.810 |
|
|
|
|
|
|
TOTAL |
1,217.641 |
879.497 |
673.460 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL
(A) |
1476.706 |
813.677 |
546.811 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
1279.127 |
686.308 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
197.579 |
127.369 |
(Including
Financial Expense) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
62.166 |
50.309 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
135.413 |
77.060 |
56.649 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.316 |
10.717 |
6.464 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
122.097 |
66.343 |
50.185 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
43.779 |
24.810 |
18.537 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
78.318 |
41.533 |
31.648 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
USD11498597 |
USD 2093579 |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.87 |
5.77 |
NA
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.30
|
5.10 |
5.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.20
|
7.58 |
7.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34
|
0.24 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.59
|
0.58 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12
|
1.19 |
1.21 |
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 |
59.800 |
72.026 |
72.026 |
|
Reserves & Surplus |
164.582 |
206.115 |
284.433 |
|
Net
worth |
224.382 |
278.141 |
356.459 |
|
|
|
|
|
|
long-term borrowings |
11.644 |
20.766 |
11.626 |
|
Short term borrowings |
141.419 |
141.039 |
199.018 |
|
Total
borrowings |
153.063 |
161.805 |
210.644 |
|
Debt/Equity
ratio |
0.682 |
0.582 |
0.591 |
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) |
|
TOTAL INCOME |
546.811 |
813.677 |
1476.706 |
|
|
|
48.804 |
81.486 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
in Millions) |
(Rs.
in Millions) |
(Rs.
in Millions) |
|
Total Income |
546.811 |
813.677 |
1476.706 |
|
Profit |
31.648 |
41.533 |
78.318 |
|
|
5.79% |
5.10% |
5.30% |
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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
10.361 |
17.715 |
|
|
|
|
|
Total |
10.361 |
17.715 |
CHANGE OF ADDRESS:
The Registered address of the company has been changed from IDA 237, D
Block, Auto Naggar, Visakhapatnam, Andhra Pradesh, India to the present address
w.e.f.09.10.2008.
REVIEW OF OPERATIONS:
During the year, the company has earned an income of Rs 1476.706 Millions as compared to Rs 813.677 Millions during the previous year and incurred operating expenditure of Rs 1279.127 Millions as compared to Rs 686.308 Millions during the previous year.
Company has earned Net Profit of Rs 78.318 Millions as compared to Rs 41.533 Millions during the previous year.
As per the plans conceived, during the year under review,
Turnover of the company increased by 82% (Approx.). The Company has been
identifying viable customers and also taken all the requisite steps for effective
operations and increasing the business of the company. Hence the Company
expects more business and profits in the years to come.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
|
|
|
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* Date of charge modification
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10515530 |
27/06/2014 |
11,603,845.00 |
SIEMENS FINANCIAL SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR
MARG,, WORLI, MUMBAI, MAHA |
C16870123 |
|
2 |
10493545 |
01/03/2014 |
35,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
C04335907 |
|
3 |
10378809 |
31/08/2012 |
12,300,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
B58998436 |
|
4 |
10378794 |
31/08/2012 |
12,700,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
B58992553 |
|
5 |
10363566 |
26/05/2012 |
9,423,104.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
B42842328 |
|
6 |
10336354 |
31/01/2012 |
1,809,900.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
B32465007 |
|
7 |
10333734 |
31/12/2011 |
1,308,332.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
B31330046 |
|
8 |
10247758 |
29/09/2010 |
40,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC
COMPLEX, CUFFE PARADE, MUMBAI, MAHA |
A97368385 |
|
9 |
90263068 |
28/02/2013 * |
770,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWERWTC COMPLEX,
CUFFE PARADE, MUMBAI, MAHA |
B72621519 |
|
10 |
90134407 |
23/11/2000 |
33,300,000.00 |
STATE BANK OF INDIA |
B. H. P. V. BRANCH,
VISAKHAPATNAM, ANDHRA PRADESH |
- |
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
CHARGE HOLDER |
ADDRESS |
Service Request Number (SRN) |
|
11 |
90133909 |
19/03/1998 * |
6,828,000.00 |
ORIENTAL BANK OF COMMERCE |
ASILMETTA JUNCTION,
OPP. R. T. C. COMPLEX, VISAKH |
- |
|
12 |
90135527 |
01/06/1996 * |
5,000,000.00 |
ORIENTAL BANK OF COMMERCE |
ASILMETTU JUNCTION,
VISAKHAPATNAM, ANDHRA PRADESH |
- |
|
13 |
90135393 |
14/11/1995 * |
2,000,000.00 |
ORIENTAL BANK OF COMMERCE |
ASILMETTA JUNCTION,
VISAKHAPATNAM, ANDHRA PRADESH |
- |
TRADE REFERENCES
· Prakash Steel Limited, Mumbai
BHEL
FIXED ASSETS
· Land
Buildings
Plant
and equipment
Furniture
and fixtures
Vehicles
Office
equipment
Computer
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.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JAY |
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
51 |
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.