MIRA INFORM REPORT
|
Report No. : |
315931 |
|
Report Date : |
09.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEV PRIYA PRODUCTS LIMITED (19.11.2014) |
|
|
|
|
Formerly Known
As : |
DEV PRIYA PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1ST Floor, 4, Shankar Vihar, 2nd Floor, Vikas Marg, Delhi - 110092 |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.07.1993 |
|
|
|
|
Com. Reg. No.: |
55-054397 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.53.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PLC054397 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD07064B / DELD03686E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD4276C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of Paper and Paper Made Products, Absorbent Paper and Kraft Paper. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a manufacturing unit of Kraft Liner and Coated Board by recycling
of waste paper. It is an established company having satisfactory track
record. The rating reflects its established track record in the industrial
paper segment and promoters extensive in the paper industry. Rating also takes into consideration company’s healthy financial risk
profile marked by adequate liquidity position and decent profitability
margins of the company. Trade relations are fair. Business is active. Payments 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 – 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 |
CRISIL |
|
Rating |
Long Term Rating = “BBB” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
22.05.2014 |
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 PARTED BY
|
Name : |
Mr. Shahed Ansari |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-9917831592 |
|
Date : |
06.04.2015 |
LOCATIONS
|
Registered Office : |
1ST Floor, 4, Shankar Vihar, 2nd Floor, Vikas Marg, Delhi – 110092, India |
|
Tel. No.: |
91-11-22013156/ 22013159/ 22460457 |
|
Mobile no. : |
91-9917831592 (Mr. Shahed Ansari) |
|
Fax No.: |
91-11-22013156/ 22013159 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Admin/
Correspondence Office : |
A-2, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar Pradesh, India |
|
Telefax : |
91-121-2512181 |
|
|
|
|
Factory : |
Village Saini, 8th Km, Mawana Road, Meerut, Uttar Pradesh, India |
|
Tel. No.: |
91-121-2623031/ 2620133/ 2620933 |
|
E-Mail : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Sanjeev Gupta |
|
Designation : |
Whole-time director |
|
Address : |
A-2, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar Pradesh,
India |
|
Date of Birth/Age : |
18.05.1970 |
|
Qualification : |
MBA |
|
Date of Appointment : |
01.04.2010 |
|
PAN No.: |
AARPG1008R |
|
DIN No.: |
00060848 |
|
|
|
|
Name : |
Mr. Rajeev Kumar Gupta |
|
Designation : |
Whole-time director |
|
Address : |
A-2, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar Pradesh,
India |
|
Date of Birth/Age : |
02.04.1965 |
|
Qualification : |
P.G. Mechanical |
|
Date of Appointment : |
01.04.2003 |
|
PAN No.: |
AAQPG8120R |
|
DIN No.: |
00126905 |
|
|
|
|
Name : |
Mr. Manish Gupta |
|
Designation : |
Whole-time director |
|
Address : |
A-2, Shambhu Nagar, Baghpat Road, Meerut – 250002, Uttar Pradesh,
India |
|
Date of Birth/Age : |
11.08.1972 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
AATPG4474F |
|
DIN No.: |
00052876 |
KEY EXECUTIVES
|
Name : |
Mr. Shahed Ansari |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Manish Kumar Gupta |
|
717000 |
|
Rajeev Gupta |
|
520500 |
|
Sanjeev Gupta |
|
750000 |
|
Suresh Chand Goel |
|
25000 |
|
Holy Commercial Private Limited |
|
475000 |
|
Satish Chand Goel |
|
25000 |
|
Benu Gupta |
|
80000 |
|
Devanshu Gupta |
|
150000 |
|
A.S. Papers Private Limited |
|
325000 |
|
V R Port Folio Limited |
|
612500 |
|
RPG Nirman Private Limited |
|
910000 |
|
Kalpana Gupta |
|
200000 |
|
Dhruv Gupta (UG) Manish Gupta |
|
50000 |
|
Manish Dhuv Trust |
|
20500 |
|
Bhavya RPG Trust |
|
23000 |
|
Waitka Nirman Private Limited |
|
424000 |
|
Krish RPG Trust |
|
42500 |
|
Total |
|
5350000 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
51.34 |
|
Directors or relatives of Directors |
48.66 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Paper and Paper Made Products, Absorbent Paper and Kraft Paper. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
Shiam and Company Chartered Accountants |
|
Address : |
33/46A, 1st Floor, Agarwal Market, Arya Samaj Road,
Muzaffarnagar – 251001, Uttar Pradesh, India |
|
PAN No.: |
AACFS9134R |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5350000 |
Equity Shares |
Rs.10/- each |
Rs.53.500
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 |
53.500 |
53.500 |
53.500 |
|
(b) Reserves & Surplus |
367.261 |
316.901 |
267.945 |
|
(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) |
420.761 |
370.401 |
321.445 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
310.134 |
332.255 |
376.378 |
|
(b) Deferred tax liabilities
(Net) |
103.438 |
89.504 |
65.937 |
|
(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) |
413.572 |
421.759 |
442.315 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
208.280 |
174.191 |
211.231 |
|
(b) Trade payables |
360.357 |
323.693 |
282.387 |
|
(c) Other current liabilities |
142.707 |
100.359 |
89.113 |
|
(d) Short-term provisions |
1.994 |
1.098 |
1.215 |
|
Total
Current Liabilities (4) |
713.338 |
599.341 |
583.946 |
|
|
|
|
|
|
TOTAL |
1547.671 |
1391.501 |
1347.706 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
578.021 |
562.996 |
564.094 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.854 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.996 |
14.907 |
18.366 |
|
(e) Other Non-current assets |
47.094 |
42.530 |
28.840 |
|
Total
Non-Current Assets |
633.111 |
621.287 |
611.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
241.352 |
250.954 |
243.291 |
|
(c) Trade receivables |
601.877 |
451.883 |
400.688 |
|
(d) Cash and cash equivalents |
24.835 |
30.005 |
31.379 |
|
(e) Short-term loans and
advances |
46.496 |
37.372 |
61.048 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
914.560 |
770.214 |
736.406 |
|
|
|
|
|
|
TOTAL |
1547.671 |
1391.501 |
1347.706 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2836.224 |
2340.74 |
2343.069 |
|
|
Other Income |
1.530 |
1.818 |
8.291 |
|
|
TOTAL
(A) |
2837.754 |
2342.558 |
2351.360 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1921.749 |
1608.249 |
1691.488 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(13.331) |
(4.825) |
14.247 |
|
|
Employees benefits expense |
53.951 |
43.252 |
38.646 |
|
|
Other expenses |
679.689 |
498.652 |
428.9 |
|
|
TOTAL
(B) |
2642.058 |
2145.328 |
2173.281 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
195.696 |
197.230 |
178.079 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
62.331 |
67.623 |
67.449 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
133.365 |
129.607 |
110.630 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
57.925 |
57.000 |
59.659 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
75.440 |
72.607 |
50.971 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
20.080 |
23.651 |
15.589 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
55.360 |
48.956 |
35.382 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.41 |
9.15 |
6.61 |
Expected Sales (2014.2015) : Rs. 3000.000 Million
The above information has been parted by Mr. Shahed Ansari
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.95 |
2.09 |
1.51 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
6.90 |
8.43 |
7.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.87 |
5.22 |
3.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.20 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.23 |
1.37 |
1.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.29 |
1.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
53.500 |
53.500 |
53.500 |
|
Reserves & Surplus |
267.945 |
316.901 |
367.261 |
|
Net
worth |
321.445 |
370.401 |
420.761 |
|
|
|
|
|
|
long-term borrowings |
376.378 |
332.255 |
310.134 |
|
Short term borrowings |
211.231 |
174.191 |
208.280 |
|
Total
borrowings |
587.609 |
506.446 |
518.414 |
|
Debt/Equity
ratio |
1.828 |
1.367 |
1.232 |
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) |
|
Sales |
2343.069 |
2340.740 |
2836.224 |
|
|
|
(0.099) |
21.168 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2343.069 |
2340.740 |
2836.224 |
|
Profit |
35.382 |
48.956 |
55.360 |
|
|
1.51% |
2.09% |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
OPERATIONS:
The Company has produced during the year 95055.749M.T High B.F Kraft Paper and Coated Duplex Board as against 85854.41M.T during the Previous Year. The total realization from Sales is Rs. 3001.672 Million during the year as against Rs. 2485.357 Million during the previous year. The company has earned a Profit before Tax of Rs. 75.440 Million as against a profit of Rs. 72.608 Million during the previous years. The Directors expect better result in the coming years.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM BORROWING |
|
|
|
Intercorporate borrowing |
163.511 |
138.852 |
|
Loan and Advances from related parties |
36.612 |
28.929 |
|
|
|
|
|
Total |
200.123 |
167.781 |
INDEX OF CHARGES
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10375465 |
07/09/2012 |
1,125,000.00 |
Punjab National
Bank |
Retail Asset Branch,
Meerut, Meerut - 250001, Uttar Pradesh, India |
B57672933 |
|
2 |
10323585 |
26/06/2013 * |
415,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
B80110174 |
|
3 |
10305609 |
18/08/2011 |
650,000.00 |
Punjab National
Bank |
E.K. Road,
Meerut - 250001, Uttar Pradesh, India |
B20236568 |
|
4 |
10248635 |
16/09/2010 |
675,000.00 |
Punjab National
Bank |
E.K. Road,
Meerut - 250001, Uttar Pradesh, India |
A97953442 |
|
5 |
10219577 |
21/04/2010 |
50,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A85387397 |
|
6 |
10219581 |
21/04/2010 |
200,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A85387900 |
|
7 |
10188065 |
09/11/2009 |
5,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A74093592 |
|
8 |
10188064 |
26/10/2009 |
380,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A74092925 |
|
9 |
10155596 |
30/03/2009 |
1,500,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A61640975 |
|
10 |
10146537 |
25/02/2009 |
550,000.00 |
Punjab National
Bank |
Sports Complex, Meerut
- 250001, Uttar Pradesh, India |
A58220369 |
|
11 |
10101279 |
02/04/2008 |
30,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A37374469 |
|
12 |
10095802 |
09/08/2007 |
28,700,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A35350412 |
|
13 |
10288805 |
09/08/2007 |
28,700,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A21760988 |
|
14 |
10038149 |
22/01/2007 |
1,700,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A10869790 |
|
15 |
10013410 |
26/06/2006 |
600,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
A02334506 |
|
16 |
90055409 |
06/12/2006 * |
10,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
- |
|
17 |
90055265 |
16/04/2004 |
30,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
- |
|
18 |
90055242 |
25/03/2004 |
4,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
- |
|
19 |
90054037 |
25/10/2000 |
618,400.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
- |
|
20 |
90053886 |
10/04/2000 |
370,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
- |
|
21 |
90053856 |
21/03/2000 |
525,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
- |
|
22 |
90053673 |
11/08/1999 |
495,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
- |
|
23 |
90053230 |
31/12/1997 |
44,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
- |
|
24 |
90053177 |
02/08/2012 * |
300,000,000.00 |
Punjab National
Bank |
Sports Complex,
Meerut - 250001, Uttar Pradesh, India |
B56399827 |
|
25 |
90053064 |
23/07/2002 * |
29,000,000.00 |
U.P.F.C |
14/88; Civil
Lines, Kanpur, Uttar Pradesh, India |
- |
* Date of charge modification
FIXED ASSETS:
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Factory equipments
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer 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.62.32 |
|
|
1 |
Rs.92.52 |
|
Euro |
1 |
Rs.67.59 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.