1. Summary Information
|
|
|
Country |
|
|
Company Name |
NICKUNJ EDM WIRES AND CONSUMABLES PRIVATE LIMITED |
Principal Name 1 |
Mrs. Neelam Nickunj Shah |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Nickunj Gunvant Shah |
|
|
|
Registration # |
11-175365 |
|
Street Address |
Sri Jorawar Bhavan, 4th Floor, 93 Maharshi
Karve Road, Marine Lines, Mumbai – 400020, Maharashtra, India |
||
|
Established Date |
24.10.2007 |
SIC Code |
-- |
|
Telephone# |
91-22-43220300 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-22060415 |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Electric Discharge Machine (EDM) Wire |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Related Accessories and Consumables |
|
Paid up capital |
Rs. 22,900,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors - 100.00% |
Banking |
Bank
of India |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (43) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related Party with whom the company had
transaction |
-- |
Whiton Chem Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
116,128,000 |
Current Liabilities |
59,584,000 |
|
Inventories |
92,459,000 |
Long-term Liabilities |
110,200,000
|
|
Fixed Assets |
35,505,000 |
Other Liabilities |
10,487,000 |
|
Deferred Assets |
112,000 |
Total Liabilities |
180,271,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
41,033,000 |
|
|
|
Net Worth |
63,933,000 |
|
Total Assets |
244,204,000 |
Total Liab. & Equity |
244,204,000 |
|
Total Assets (Previous Year) |
205,489,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
NA |
Net Profit |
8,710,000 |
|
Sales(Previous yr) |
NA |
Net Profit(Prev.yr) |
7,587,000 |
MIRA INFORM REPORT
|
Report Date : |
29.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
NICKUNJ EDM WIRES AND CONSUMABLES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sri Jorawar Bhavan, 4th Floor, 93 Maharshi
Karve Road, Marine Lines, Mumbai – 400020, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.10.2007 |
|
|
|
|
Com. Reg. No.: |
11-175365 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 22.900
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27300MH2007PTC175365 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN15832F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN7254N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Electric Discharge Machine (EDM) Wire and also Trader of
Related Accessories and Consumables like EDM Fluids, Filters, Resins, etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 256000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be decent.
Liquidity position of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit Limit : BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
July, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund Based Limit : A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
July, 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
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-22-43220300)
LOCATIONS
|
Registered/ Head Office : |
Sri Jorawar Bhavan, 4th Floor, 93 Maharshi Karve Road,
Marine Lines, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-43220300/ 22190300 |
|
Fax No.: |
91-22-22060415 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Manufacturing Plants : |
Baddi Phone: 91-1795-245540 Fax: 91-1795-245539 Email: baddi-newcpl@nickunjgroup.com
Umbergaon (Gujarat) Plot No: 115, New GIDC, Umbergaon District Valsad - 396171, Gujarat,
India Fax:91-260-2561076 Email: umbergaon-newcpl@nickunjgroup.com
·
Rabale (Mumbai) |
|
|
|
|
Branch Offices : |
Located at: · Ahmedabad · Bangalore · Jaipur · Kolkata (Domjur) · Hyderabad · Ludhiana · Coimbatore · New Delhi · Chennai · Pune ·
Surat |
|
|
|
|
Showroom : |
Jewellery Manufacturing Solutions F/112 Nahar and Seth Industrial Estate, Chakala, Andheri (East),
Mumbai – 400099, Maharashtra, India |
|
Tel No.: |
91-22-28254218/ 219 |
|
Email : |
|
|
|
|
|
Technical
Support and Service Center |
Metal Cutting
Solutions and Jewellery Manufacturing Solutions Gala No: 4, Cama Industrial Estate, Sunmill Compound, Lower Parel
(West), Mumbai – 400013, Maharashtra, India |
|
Tel No.: |
91-22-43490400 |
|
Email : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mrs. Neelam Nickunj Shah |
|
Designation : |
Director |
|
Address : |
22/23, Krishna Mahal, 63, Netaji Subhash Road, Marine Drive, Mumbai –
400020, Maharashtra, India |
|
Date of Birth/Age : |
03.01.1962 |
|
Date of Appointment : |
24.10.2007 |
|
DIN No.: |
00585888 |
|
|
|
|
Name : |
Mr. Nickunj Gunvant Shah |
|
Designation : |
Director |
|
Address : |
22/23, Krishna
Mahal, 63, Netaji Subhash Road, Marine Drive, Mumbai – 400020, Maharashtra,
India |
|
Date of Birth/Age : |
13.01.1961 |
|
Date of Appointment : |
24.10.2007 |
|
DIN No.: |
00586065 |
|
|
|
|
Name : |
Mishal Nickunj Shah |
|
Designation : |
Director |
|
Address : |
22/23, Krishna
Mahal, 63, Netaji Subhash Road, Marine Drive, Mumbai – 400020, Maharashtra,
India |
|
Date of Birth/Age : |
24.05.1988 |
|
Date of Appointment : |
24.10.2007 |
|
DIN No.: |
00668999 |
|
|
|
|
Name : |
Mr. Anil Kumar Jain |
|
Designation : |
Director |
|
Address : |
22/23, Krishna
Mahal, 63, Netaji Subhash Road, Marine Drive, Mumbai – 400020, Maharashtra,
India |
|
Date of Birth/Age : |
04.01.2009 |
|
Date of Appointment : |
29.09.2009 |
|
DIN No.: |
02655957 |
|
|
|
|
Name : |
Khrisha Nickunj Shah |
|
Designation : |
Director |
|
Address : |
22/23, Krishna Mahal Building, D Road, Marine Drive, Mumbai – 400020, Maharashtra, India |
|
Date of Birth/Age : |
05.05.1991 |
|
Date of Appointment : |
02.08.2012 |
|
DIN No.: |
05293657 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Nickunj Gunvant Shah |
1059125 |
46.25 |
|
Neelam Nickunj Shah |
1059125 |
46.25 |
|
Krisha Nickunj Shah |
28625 |
1.25 |
|
Mishal Nickunj Shah |
143125 |
6.25 |
|
Total |
2290000 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electric Discharge Machine (EDM) Wire and also Trader
of Related Accessories and Consumables like EDM Fluids, Filters, Resins, etc. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· Bank of India, Kalbadevi Branch, Round Building, Shamaldas Gandhi Marg, (Princess Street), Mumbai - 400002, Maharashtra, India · State Bank of India, Sme Backbay Reclamation Branch, Mittal Court, B-Wing, Nariman Point,, Mumbai - 400021, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India |
|
|
|
|
|
|
|
Auditors : |
|
|
Name : |
Mahendra Zaveri and Company Chartered Accountants |
|
Address : |
Office No. 8/27, 6th Floor, Tardeo Air Conditioned Market, Tardeo,
Mumbai – 400034, Maharashtra, India |
|
Tel. No.: |
91-22-23514112/ 23515045 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPZ2723R |
|
|
|
|
Related Parties with whom the company had transaction: |
· Whiton Chem Private Limited · Nickunj Enterprises (India) · Nickunj Eximp Enterprise Private Limited |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2290000 |
Equity Shares |
Rs. 10/- each |
Rs. 22.900
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
22.900 |
22.900 |
|
(b) Reserves & Surplus |
|
41.033 |
32.329 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
63.933 |
55.229 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
54.603 |
60.305 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
54.603 |
60.305 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
55.597 |
50.064 |
|
(b) Trade payables |
|
55.850 |
23.705 |
|
(c) Other current
liabilities |
|
3.734 |
12.175 |
|
(d) Short-term provisions |
|
10.487 |
4.011 |
|
Total Current Liabilities (4) |
|
125.668 |
89.955 |
|
|
|
|
|
|
TOTAL |
|
244.204 |
205.489 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
35.505 |
39.310 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.112 |
0.112 |
|
(d) Long-term Loan and Advances |
|
0.708 |
4.597 |
|
(e) Other Non-current assets |
|
0.000 |
2.545 |
|
Total Non-Current Assets |
|
36.325 |
46.564 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
92.459 |
63.805 |
|
(c) Trade receivables |
|
81.156 |
59.540 |
|
(d) Cash and cash
equivalents |
|
14.341 |
24.631 |
|
(e) Short-term loans and
advances |
|
19.919 |
10.941 |
|
(f) Other current assets |
|
0.004 |
0.008 |
|
Total Current Assets |
|
207.879 |
158.925 |
|
|
|
|
|
|
TOTAL |
|
244.204 |
205.489 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
22.900 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
24.742 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
47.642 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
37.057 |
|
|
2] Unsecured Loans |
|
|
9.800 |
|
|
TOTAL BORROWING |
|
|
46.857 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
94.499 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
44.694 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.018 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
51.585
|
|
|
Sundry Debtors |
|
|
48.524
|
|
|
Cash & Bank Balances |
|
|
11.030
|
|
|
Other Current Assets |
|
|
0.094
|
|
|
Loans & Advances |
|
|
21.913
|
|
Total
Current Assets |
|
|
133.146
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
27.007
|
|
|
Other Current Liabilities |
|
|
48.791
|
|
|
Provisions |
|
|
7.581
|
|
Total
Current Liabilities |
|
|
83.379
|
|
|
Net Current Assets |
|
|
49.767
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.020 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
94.499 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA
|
176.358 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA
|
167.465 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
8.893 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
2.420 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.710 |
7.587 |
6.473 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
32.323 |
24.742 |
18.074 |
|
|
|
|
|
|
|
|
|
|
EXCESS INCOME
TAX |
0.000 |
0.000 |
0.195 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
41.033 |
32.329 |
24.742 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.80 |
3.31 |
2.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
NA |
3.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
5.00
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.19
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.72 |
2.00 |
0.98
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65 |
1.77 |
1.60
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
|
22.900 |
22.900 |
|
Reserves & Surplus |
|
32.329 |
41.033 |
|
Net
worth |
|
55.229 |
63.933 |
|
|
|
|
|
|
long-term borrowings |
|
60.305 |
54.603 |
|
Short term borrowings |
|
50.064 |
55.597 |
|
Total
borrowings |
|
110.369 |
110.200 |
|
Debt/Equity
ratio |
|
1.998 |
1.724 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
one year |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
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 |
No |
|
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 |
10485329 |
26/06/2014 * |
120,000,000.00 |
BANK OF INDIA |
KALBADEVI BRANCH, ROUND BUILDING, SHAMALDAS GANDHI MARG, (PRINCESS
STREET), MUMBAI, MAHARASHTRA - |
C11927043 |
|
2 |
10474466 |
27/01/2014 |
6,265,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B95038634 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
Loans and advances from related parties |
0.637 |
|
Other loans and advances |
53.966 |
|
Total |
54.603 |
|
PARTICULAR |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
Loans and advances
from related parties Directors and Shareholders |
1.005 |
|
Other loans and
advances Intercorporate |
59.300 |
|
Total |
60.305 |
CONTINGENT
LIABILITIES (AS ON 31.03.2013):
Contingent liabilities not provided for are outstanding bank guarantees
of Rs. 0.400 Million as on 31.03.2013 (Previous year Rs. 0.400 Million)
FIXED ASSETS
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Computers
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 : |
HTL |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--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.