MIRA INFORM REPORT
|
Report No. : |
317608 |
|
Report Date : |
15.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LIKPROOF INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.3, Ground Floor, H R Apartment Cooperative Housing Society
Limited, M H, Pathan Road, Pathanwadi, Malad (East), Mumbai – 400097,
Maharashtra |
|
Tel. No.: |
91-22-22851866 |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
29.09.1984 |
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|
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Com. Reg. No.: |
11-034158 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.246 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1984PTC034158 |
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|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUML04388G |
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PAN No.: [Permanent
Account No.] |
AAACL1873B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in business of Construction, Waterproofing, Glazing
and Repairs. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Management of the company has not filed its financials since 2012 with
government department. As per registrar of companies the date of balance sheet i.e financials
filed shown as 31st March, 2012 but the documents related to the
financials for the year 2012 is not available from any sources. As per available financial of
2011, the company’s performance was satisfactory. However, business is active. As per status shown in the registrar of
companies. Payment terms are reported to be unknown. In the absence of latest financial details, subject can be considered
for business dealings on safe and secured 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 (91-22-22851866)
LOCATIONS
|
Registered Office : |
Shop No.3, Ground Floor, H R Apartment Cooperative Housing Society
Limited, M H, Pathan Road, Pathanwadi, Malad (East), Mumbai – 400097,
Maharashtra, India |
|
Tel. No.: |
91-22-22851866 |
|
Fax No.: |
Not Available |
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E-Mail : |
|
|
Website : |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Wahid Gaffarkhan Chowhan |
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Designation : |
Managing director |
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|
Address : |
501/502, West Garden View Cooperative Housing Society Limited, 23,
Meghraj Shetty Marg, Mumbai Central, Mumbai – 400 008, Maharashtra, India |
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Date of Birth/Age : |
03.04.1949 |
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Date of Appointment : |
29.09.1984 |
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DIN No.: |
01346316 |
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Other Directorship:
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Name : |
Mrs. Rukhsana Wahid Chowhan |
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Designation : |
Director |
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|
Address : |
501/502, West Garden View Cooperative Housing Society Limited, 23, Meghraj
Shetty Marg, Mumbai Central, Mumbai – 400 008, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
10.05.1951 |
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Date of Appointment : |
29.09.1984 |
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DIN No.: |
01177211 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Bodies corporate |
15.91 |
|
Directors or relatives of Directors |
84.09 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of Construction, Waterproofing,
Glazing and Repairs. |
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Products : |
Water Proofing and Construction |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institute: |
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Auditors : |
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|
Name : |
V. Muralidharan Chartered Accountants |
|
Address : |
14-A, 401, 4th Floor, Shiv Shankar 'A', Shivshakti Complex, haji malang Road, Kalyan West 421301, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAKPM2695K |
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Memberships : |
-- |
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Collaborators : |
-- |
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Particulars of
Enterprises under common control/significant influence of Key Management
Personnel: |
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Joint Ventures: |
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CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24000 |
Equity Shares |
Rs.100/- each |
Rs. 2.400 Million |
|
1000 |
Preference Shares |
Rs.100/- each |
Rs. 0.100 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 2.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22000 |
Equity Shares |
Rs.100/- each |
Rs. 2.200 Million |
|
461 |
Preference Shares |
Rs.100/- each |
Rs. 0.046 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 2.246
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.246 |
2.223 |
2.205 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
198.434 |
189.229 |
184.414 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
200.680 |
191.452 |
186.619 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
294.168 |
265.901 |
328.537 |
|
|
2] Unsecured Loans |
18.415 |
29.465 |
46.365 |
|
|
TOTAL BORROWING |
312.583 |
295.366 |
374.902 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
513.263 |
486.818 |
561.521 |
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APPLICATION OF FUNDS |
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|
|
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FIXED ASSETS [Net Block] |
381.730 |
408.229 |
371.959 |
|
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Capital work-in-progress |
0.011 |
5.088 |
51.494 |
|
|
|
|
|
|
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INVESTMENT |
5.313 |
5.313 |
5.335 |
|
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DEFERREX TAX ASSETS |
5.669 |
0.992 |
15.420 |
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
250.498
|
170.643
|
142.010
|
|
|
Sundry Debtors |
304.453
|
387.574
|
306.936
|
|
|
Cash & Bank Balances |
58.685
|
29.457
|
45.137
|
|
|
Other Current Assets |
10.136
|
10.136
|
4.745
|
|
|
Loans & Advances |
86.849
|
68.078
|
55.977
|
|
Total
Current Assets |
710.621
|
665.888
|
554.805
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
294.423
|
332.245
|
213.859
|
|
|
Other Current Liabilities |
287.335
|
258.539
|
214.728
|
|
|
Provisions |
8.323
|
7.908
|
8.905
|
|
Total
Current Liabilities |
590.081
|
598.692
|
437.492
|
|
|
Net Current Assets |
120.540
|
67.196
|
117.313
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
513.263 |
486.818 |
561.521 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SALES |
|
|
|
|
|
Turnover |
1034.296 |
937.739 |
1587.652 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
49.636 |
40.014 |
149.451 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
45.356 |
51.075 |
79.057 |
|
|
|
|
|
|
|
|
PRIOR
PERIOD EXPENSES |
3.517 |
35.588 |
0.110 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
7.797 |
24.527 |
70.504 |
|
|
|
|
|
|
|
|
TAX |
(2.241) |
18.882 |
29.822 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
10.038 |
5.645 |
40.573 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
NA |
0.000 |
21.562 |
|
|
TOTAL
IMPORTS |
NA |
0.000 |
21.562 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
456.09 |
256.51 |
1844.21 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.71
|
2.28 |
7.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.13 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.56
|
1.54 |
2.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20
|
1.11 |
1.27 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.205 |
2.223 |
2.246 |
|
Reserves & Surplus |
184.414 |
189.229 |
198.434 |
|
Net
worth |
186.619 |
191.452 |
200.680 |
|
|
|
|
|
|
Secured Loans |
328.537 |
265.901 |
294.168 |
|
Unsecured Loans |
46.365 |
29.465 |
18.415 |
|
Total
borrowings |
374.902 |
295.366 |
312.583 |
|
Debt/Equity
ratio |
2.009 |
1.543 |
1.558 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
1587.652 |
937.739 |
1034.296 |
|
|
|
(40.935) |
10.297 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
1587.652 |
937.739 |
1034.296 |
|
Profit |
40.573 |
5.645 |
10.038 |
|
|
2.56% |
0.60% |
0.97% |
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
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 |
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 |
No |
|
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 |
OPERATIONS:
During the year, the Company’s Core activity of Construction, Waterproofing, Glazing and Repairs turnover has increased from Rs. 937.739 Million to Rs. 1034.296 Million, growth in sales is of 10% over previous year due to the upswing in the industry .The Company is optimistic to achieve a very good turnover during the year 2011-12 with its present order book position.
UNSECURED LOAN
|
PARTICULARS |
31.03.2011 (Rs.
in Million) |
31.03.2010 (Rs.
in Million) |
|
Rupee term loans banks |
0.451 |
11.451 |
|
Rupee term loans others |
17.004 |
14.930 |
|
Loans directors |
0.960 |
3.085 |
|
Total |
18.415 |
29.466 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10342182 |
15/03/2012 |
4,218,975.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,,KOLKATA, WEST BENGAL - 700046, INDIA |
B35024009 |
|
2 |
10339557 |
15/01/2012 |
3,500,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B33856816 |
|
3 |
10339595 |
15/01/2012 |
10,295,878.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B33875485 |
|
4 |
10339555 |
15/01/2012 |
36,496,181.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B33855917 |
|
5 |
10275065 |
15/03/2011 |
32,500,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B08923997 |
|
6 |
10274137 |
15/03/2011 |
65,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B08347841 |
|
7 |
10274081 |
15/02/2011 |
16,963,670.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B08319543 |
|
8 |
10234562 |
12/08/2010 |
7,678,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D,, NARIMAN POINT,, M |
A91829291 |
|
9 |
10197459 |
12/01/2010 |
5,377,004.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C,
TOPSIA ROAD,, KOLKATA, WEST BE |
A77712040 |
|
10 |
10127588 |
07/05/2014 * |
650,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL
INFOTECH PARK,, T |
C04009809 |
* Date of charge modification
CONTINGENT
LIABILITIES (AS ON 31.03.2011):
The Guarantee given by the bank on behalf of the company as on 31st March 2011 Rs. -344. 023 Million
b. The Guarantee given by the company in respect of borrowings by directors and by joint-venture Company Rs. NIL.
c. Claims against the company not acknowledged as debts :
i) Income tax demand - Rs. NIL.
ii) The company has paid Rs. 13.432 Million in respect of disallowances of set-off taken earlier year against which assessments are pending. The Management is contesting to claim back as set off claimed by the company is correct.
FIXED ASSETS
- Land
- Building
- Plant machinery
- Office equipments
- Computer equipments
- Furniture fixtures
- Vehicles
- Livestock
- Computer software,
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 records 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 records 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.62.39 |
|
|
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
15 |
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.