MIRA INFORM REPORT
|
Report No. : |
315406 |
|
Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
H D WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17-18-19-20,
Sanwer Road, Sector E, Industrial Area, Indore – 452015, Madhya Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.05.1988 |
|
|
|
|
Com. Reg. No.: |
10-004601 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 69.012 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MP1988PTC004601 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLH00664G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH4288C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of G. I. Wire, G.I. Strip, G. I. Weldedmesh,
Barbed Wire, Saw Wire, Saw Flux, Stay Wire. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained due to working capital intensive nature of
operations and the favorable gap between trade receivables and payables of
the company. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits = BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
January 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based limits = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
January 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Dev Dutt |
|
Designation : |
Marketing Executive |
|
Contact No.: |
91-9643335326 |
|
Date : |
30.03.2015 |
LOCATIONS
|
Registered Office/ Factory : |
17-18-19-20, Sanwer
Road, Sector E, Industrial Area, Indore – 452015, Madhya Pradesh, India |
|
Tel. No.: |
91-731-4211199/ 4084093/ 4211111 |
|
Mobile No.: |
91-9893049708 (Mr. Himanshu Dev) |
|
Fax No.: |
91-731-4211111 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Branch Offices : |
Located at: · Vadodara · Hyderabad · Nashik |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Dilip Kumar Dev |
|
Designation : |
Director |
|
Address : |
9/5, Monarama Ganj, Indore – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
21.11.1950 |
|
Date of Appointment : |
19.05.1988 |
|
PAN No.: |
ABWPD7073M |
|
DIN No.: |
00453732 |
|
|
|
|
Name : |
Mr. Dheeraj Dev |
|
Designation : |
Director |
|
Address : |
9/5, Monarama Ganj, Indore – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
29.12.1976 |
|
Date of Appointment : |
07.10.2002 |
|
PAN No.: |
AFYPD1512P |
|
DIN No.: |
00453756 |
|
|
|
|
Name : |
Mrs. Varsha Dev |
|
Designation : |
Director |
|
Address : |
9/5, Monarama Ganj, Indore – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
27.04.1955 |
|
Date of Appointment : |
11.11.2006 |
|
PAN No.: |
ADQPD9037P |
|
DIN No.: |
03234306 |
|
|
|
|
Name : |
Mrs. Anuradha Dev |
|
Designation : |
Director |
|
Address : |
9/5, Monarama Ganj, Indore – 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
17.05.1977 |
|
Date of Appointment : |
11.11.2006 |
|
PAN No.: |
ASJPD5305J |
|
DIN No.: |
03234647 |
KEY EXECUTIVES
|
Name : |
Mr. Dev Dutt |
|
Designation : |
Marketing Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Directors and
Promoters |
|
|
|
Dilip Dev |
|
87702 |
|
Dhiraj Dev |
|
68540 |
|
Himanshu Dev |
|
76793 |
|
Versha Dev |
|
8908 |
|
Anuradha Dev |
|
360539 |
|
Murlidhar Gyanchandani |
|
68269 |
|
Others |
|
|
|
Anusurya Brajbihari Neema |
|
1000 |
|
Braj Bihari Neema |
|
1750 |
|
Bihari Ramesh Chandra |
|
1000 |
|
C. R. Mandhwani |
|
5500 |
|
Monika Neema |
|
750 |
|
R. Ranger |
|
3349 |
|
Prafulya Brajbihari Neema |
|
250 |
|
Rupesh Neema |
|
750 |
|
Ankit Chordia |
|
500 |
|
Anuj Chordia |
|
1500 |
|
Saroj Chordia |
|
1000 |
|
Vinee Chordia |
|
1000 |
|
Abhay Chordia |
|
1000 |
|
Mannalal Nagda and Sons |
|
5 |
|
Prakashji Kala |
|
5 |
|
Rishi Malhotra |
|
5 |
|
Rahul Aahuja |
|
5 |
|
|
|
|
|
Total |
|
690120 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
97.19 |
|
Other
top fifty shareholders |
2.81 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of G. I. Wire, G.I. Strip, G. I. Weldedmesh,
Barbed Wire, Saw Wire, Saw Flux, Stay Wire. |
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|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
|
Countries : |
Nepal |
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Imports : |
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Products : |
Raw Material |
|
Countries : |
· China · Dubai |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
300 (Approximately) |
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Bankers : |
v Centurion Bank Limited 701-702; Chetak Centre, RNT Marg, Indore - 452001, Madhya Pradesh, India v
State Bank of India SSI Branch, Polo Ground, Indore, Madhya Pradesh, India v Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India,
Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India v State Bank of Hyderabad |
||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
Financial Institution : |
v
SBI Global Factors Limited 6th Floor, Metropolitan Building, Bandra-Kurla,
Complex, Bandra(East), Mumbai - 400051, Maharashtra, India v Madhya Pradesh Financial Corporation Finance House, A. B. Road, Geeta Bhawan Square, Indore - 452001, Madhya Pradesh, India |
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|
|
Auditors : |
|
|
Name : |
Ashok Khasgiwala and Company Chartered Accountants |
|
Address : |
317, Chetak Centre "Annex", 12/2, R.N
.T. Marg, Indore, Madhya Pradesh, India |
|
Tel. No.: |
91-731-2517341/ 4069301 |
|
E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AFAPB2465F |
|
|
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Subsidiary Company : |
Radha Krishna Steel Company Limited
[U27104JH2005PTC012777] |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
Dev’s Bakery and Care |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700,000 |
Equity Shares |
Rs. 100/- each |
Rs. 70.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
690,120 |
Equity Shares |
Rs. 100/- each |
Rs. 69.012 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
69.012 |
51.188 |
28.111 |
|
(b) Reserves & Surplus |
209.384 |
137.915 |
67.057 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
0.000 |
1.800 |
|
Total Shareholders’
Funds (1) + (2) |
278.396 |
189.103 |
96.968 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
114.865 |
200.380 |
260.223 |
|
(b) Deferred tax liabilities (Net) |
21.069 |
17.145 |
12.856 |
|
(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) |
135.934 |
217.525 |
273.079 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
186.430 |
203.165 |
123.669 |
|
(b)
Trade payables |
422.006 |
201.980 |
55.315 |
|
(c)
Other current liabilities |
78.187 |
77.298 |
71.059 |
|
(d)
Short-term provisions |
5.759 |
4.449 |
3.480 |
|
Total
Current Liabilities (4) |
692.382 |
486.892 |
253.523 |
|
|
|
|
|
|
TOTAL |
1106.712 |
893.520 |
623.570 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
183.109 |
156.749 |
131.736 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.723 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
1.587 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
11.732 |
9.429 |
5.661 |
|
(e)
Other Non-current assets |
0.000 |
2.422 |
9.012 |
|
Total
Non-Current Assets |
195.564 |
168.600 |
147.996 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.200 |
5.200 |
0.000 |
|
(b)
Inventories |
412.073 |
322.183 |
186.979 |
|
(c)
Trade receivables |
209.619 |
177.992 |
172.387 |
|
(d)
Cash and cash equivalents |
77.743 |
23.712 |
23.223 |
|
(e)
Short-term loans and advances |
195.104 |
182.499 |
86.707 |
|
(f)
Other current assets |
16.409 |
13.334 |
6.278 |
|
Total
Current Assets |
911.148 |
724.920 |
475.574 |
|
|
|
|
|
|
TOTAL |
1106.712 |
893.520 |
623.570 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
1001.944 |
706.66 |
|
|
|
Other Income |
|
8.682 |
0.823 |
|
|
|
TOTAL (A) |
1198.098 |
1010.626 |
707.483 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
832.871 |
580.502 |
|
|
|
Purchases of Stock-in-Trade |
|
9.109 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(70.732) |
(59.923) |
|
|
|
Employees benefits expense |
|
16.231 |
11.547 |
|
|
|
Other expenses |
|
116.389 |
90.094 |
|
|
|
TOTAL (B) |
1163.330 |
903.868 |
622.220 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial and Depreciation Expenses) |
106.758 |
85.263 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
66.815 |
54.658 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
39.943 |
30.605 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
10.927 |
10.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
34.768 |
29.016 |
20.101 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.423 |
10.081 |
7.457 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
23.345 |
18.935 |
12.644 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
92.771 |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
45.43 |
57.38 |
51.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
1.89 |
1.79 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA
|
10.66 |
12.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.14 |
3.25 |
3.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.15 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.08 |
2.13 |
3.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.49 |
1.88 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
28.111 |
51.188 |
69.012 |
|
Reserves & Surplus |
67.057 |
137.915 |
209.384 |
|
Share Application money pending allotment |
1.800 |
0.000 |
0.000 |
|
Net
worth |
96.968 |
189.103 |
278.396 |
|
|
|
|
|
|
Long-term borrowings |
260.223 |
200.380 |
114.865 |
|
Short term borrowings |
123.669 |
203.165 |
186.430 |
|
Total
borrowings |
383.892 |
403.545 |
301.295 |
|
Debt/Equity
ratio |
3.959 |
2.134 |
1.082 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
707.483 |
1010.626 |
1198.098 |
|
|
|
42.848 |
18.550 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
707.483 |
1010.626 |
1198.098 |
|
Profit |
12.644 |
18.935 |
23.345 |
|
|
1.79% |
1.87% |
1.95% |
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
three 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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10545972 |
06/01/2015 |
200,000,000.00 |
STATE BANK OF HYDERABAD |
U.G. - 3, CORPORATE HOUSE, 169, RNT MARG,
INDORE, |
C41880642 |
|
2 |
10482866 |
25/03/2014 * |
200,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, A.B. ROAD, NEAR G.P.O.,
INDORE, MADHYA PRADESH - 452001, INDIA |
C06033617 |
|
3 |
10433914 |
20/05/2013 |
27,500,000.00 |
MADHYA PRADESH FINANCIAL CORPORATION |
FINANCE HOUSE, A. B. ROAD, GEETA BHAWAN
SQUARE, INDORE, MADHYA PRADESH - 452001, INDIA |
B78314671 |
|
4 |
10277327 |
24/02/2011 |
34,000,000.00 |
BANK OF BARODA |
SIYAGANJ BRANCH INDORE, 15/16, JAWAHAR
MARG, SIYA |
B09585951 |
|
5 |
10265789 |
12/03/2014 * |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF
INDIA, DR. ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA - |
C10010767 |
|
6 |
10242036 |
17/09/2010 |
37,500,000.00 |
MADHYA PRADESH FINANCIAL CORPORATION |
A. B. ROAD, GEETA BHAWAN SQUARE, INDORE,
MADHYA PRADESH - 452001, INDIA |
A95796942 |
|
7 |
10229039 |
31/05/2010 |
2,000,000.00 |
BANK OF BARODA |
SIYAGANJ BRANCH, JAWAHAR MARG, INDORE,
MADHYA PRADESH - 452001, INDIA |
A89927305 |
|
8 |
10092347 |
28/12/2010 * |
165,976,000.00 |
BANK OF BARODA |
SIYAGANJ BRANCH, JAWAHAR MARG, INDORE,
MADHYA PRADESH - 452001, INDIA |
B02929073 |
|
9 |
90210617 |
29/08/2006 * |
45,000,000.00 |
MADHYA PRADESH FINANCIAL CORPORATION
LIMITED |
A.B. ROAD,, INDORE, MADHYA PRADESH -
452001, INDIA |
- |
|
10 |
90201600 |
09/03/1994 |
1,330,000.00 |
M. P. FINANCIAL CORPORATION |
INDORE, INDORE, MADHYA PRADESH, INDIA |
- |
|
11 |
90202925 |
25/09/1997 * |
1,330,000.00 |
M. P. FINANCIAL CORPORATION |
INDORE, INDORE, MADHYA PRADESH, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate deposits |
1.504 |
0.000 |
|
Loans and advances from directors |
8.760 |
85.330 |
|
Loans and advances from others |
19.604 |
22.979 |
|
|
|
|
|
Total |
29.868 |
108.309 |
GENERAL INFORMATION
Subject is a private limited company incorporated under The Companies
Act, 1956 on 19/05/1988 having registered office at 20, Sanwer Road, Sector E,
Industrial Area Indore. Company is presently engaged in the business of trading
of various commodities.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Outstanding Bank Guarantee |
23.740 |
23.740 |
|
Bill Discounted |
132.643 |
84.832 |
|
|
|
|
|
Total |
156.383 |
108.572 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Factory equipments
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
Other equipments
·
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. 62.59 |
|
|
1 |
Rs. 92.46 |
|
Euro |
1 |
Rs. 67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
32 |
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.