MIRA INFORM REPORT
|
Report No. : |
317600 |
|
Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
YUG INTERNATIONAL PRIVATE LIMITED [w.e.f. 20.12.2012] |
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|
|
|
Formerly Known
As : |
YOG INTERNATIONAL PRIVATE LIMITED [w.e.f.04.06.2002] YOG PETRO PRIVATE LIMITED |
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Registered
Office : |
113/131, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh |
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Tel. No.: |
91-512-2543487 |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
17.04.1997 |
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Com. Reg. No.: |
20-021784 |
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Capital
Investment / Paid-up Capital : |
Rs. 19.301 Millions |
|
|
|
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CIN No.: [Company Identification
No.] |
U65910UP1997PTC021784 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPY00215F |
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PAN No.: [Permanent Account No.] |
AAACY0486D |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importing,
Exporting and Marketing of Specialty Petro Chemicals for Industrial
Production. |
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|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 619000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Management of the company has not filed its latest financial i.e. 2014
with the government department As per available financial 2013, general financial of the company seems
normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
India Rating |
|
Rating |
Fund based limits = BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
June 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 BY
|
Name : |
Mr. Nitu |
|
Designation : |
Accountant |
|
Contact No.: |
91-512-2543487 |
|
Date : |
15.04.2015 |
|
Name : |
Mr. Pankaj Agrawal |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-512-2543487 |
|
Date : |
15.04.2015 |
LOCATIONS
|
Registered/ Head Office : |
113/131, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Tel. No.: |
91-512-2543487/ 2543488 |
|
Mobile No.: |
91-9920811275 [Mr. Pandey] |
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Fax No.: |
91-512-2543486 |
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E-Mail : |
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Website : |
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Branch Office : |
38, Jai Laxmi Promoters Society, 338, Narshi Natha Street, Masjid Bunder, Mumbai - 400009, Maharashtra, India |
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Tel. No.: |
91-22-23436878/ 23444980/ 56312098/ 56312097 |
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Fax No.: |
91-22-23425802 |
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|
|
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Other Branch Offices : |
Located at: · New Delhi · Mumbai · Kutch ·
Ahmedabad |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Amar Nath Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. 203, Ratan Apartment, 7/154, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.02.1952 |
|
Date of Appointment : |
17.04.1997 |
|
PAN No.: |
AAUPG4232E |
|
DIN No.: |
00358060 |
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|
|
|
Name : |
Mr. Amit Agarwal |
|
Designation : |
Director |
|
Address : |
A-3, Delhi Rajdhani Society, IP Extension 80, Patparganj, Delhi – 110092, India |
|
Date of Birth/Age : |
07.07.1974 |
|
Date of Appointment : |
30.04.1997 |
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PAN No.: |
ADVPA4903A |
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DIN No.: |
01030057 |
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|
|
|
Name : |
Mr. Amit Bansal |
|
Designation : |
Director |
|
Address : |
Flat No. 202, Sai Siddhi Apartment, 11th Rd. Chembur, Next To Kukreja, Construction Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
06.10.1973 |
|
Date of Appointment : |
12.11.2001 |
|
PAN No.: |
ABSPA9157H |
|
DIN No.: |
00725678 |
|
|
|
|
Name : |
Mr. Mayur Saraf |
|
Designation : |
Director |
|
Address : |
46/46, Rajgaddi, Hatia, Kanpur – 208001, Uttar Pradesh, India |
|
Date of Birth/Age : |
08.03.1981 |
|
Date of Appointment : |
07.04.2005 |
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PAN No.: |
ATJPS5435K |
|
DIN No.: |
00722003 |
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|
|
|
Name : |
Mr. Nishant Vaish |
|
Designation : |
Director |
|
Address : |
Flat No.103, C-Wing, Mount Classic, Yogi Hills, Off Balrajeshwar Road, Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
17.12.1976 |
|
Date of Appointment : |
12.11.2001 |
|
PAN No.: |
AAJPV5962D |
|
DIN No.: |
01534398 |
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|
|
|
Name : |
Mr. Vijay Kumar Singla |
|
Designation : |
Director |
|
Address : |
381, Windsor Greens, F-28, Sector-50, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
12.07.1944 |
|
Date of Appointment : |
31.12.2003 |
|
PAN No.: |
AKJPS7232F |
|
DIN No.: |
00709714 |
KEY EXECUTIVES
|
Name : |
Mr. Nitu |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Pankaj Agrawal |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
24.09 |
|
Directors or relatives of Directors |
57.57 |
|
Other top fifty shareholders |
18.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importing,
Exporting and Marketing of Specialty Petro Chemicals for Industrial
Production. |
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|
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|
Products : |
Specialty Petro
Chemicals |
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Brand Names : |
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Agencies Held : |
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Exports : |
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Imports : |
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Terms : |
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PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Standard Chartered Bank, 10, Parliament Street, New Delhi - 110001, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India · Bank of Baroda, Civil Lines Branch, Civil Lines, Kanpur - 208001, Uttar Pradesh, India · Citibank N.A., Jeevan Bharti Building, 4th Floor, 124 Connaught Circus, Connaught Place, New Delhi - 110001, India · Centurion Bank of Punjab, M -39 Outer Circle, Connaught Circus, Delhi - 110001, India · ABN Amro Bank, Barakhamba Road, New Delhi - 110001, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Hiren and Jain Chartered Accountants |
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Address : |
27/81, Birhana Road, Kanpur – 208001, Uttar Pradesh, India
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|
Income-tax
PAN of auditor or auditor's firm : |
AAAFH9738G |
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Memberships : |
-- |
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Collaborators : |
--- |
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Subsidiary Company
: |
Yug Trading Pte Limited, Singapore |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,036,145 |
Equity Shares |
Rs. 10/- each |
Rs. 20.361 Millions |
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AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,930,135 |
Equity Shares |
Rs. 10/- each |
Rs. 19.301 Millions |
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|
|
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
19.301 |
17.966 |
17.966 |
|
(b) Reserves & Surplus |
168.865 |
131.074 |
103.889 |
|
(c) Money
received against Share Warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application Money Pending Allotment |
28.501 |
46.935 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
216.667 |
195.975 |
121.855 |
|
|
|
|
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|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term Borrowings |
113.193 |
64.608 |
52.977 |
|
(b) Deferred Tax Liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
113.193 |
64.608 |
52.977 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term Borrowings |
108.819 |
139.912 |
61.674 |
|
(b) Trade Payables |
1065.316 |
929.319 |
891.887 |
|
(c) Other
Current Liabilities |
45.545 |
42.942 |
34.729 |
|
(d) Short-term
Provisions |
1.693 |
1.604 |
1.571 |
|
Total Current
Liabilities (4) |
1221.373 |
1113.777 |
989.861 |
|
|
|
|
|
|
TOTAL |
1551.233 |
1374.360 |
1164.693 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-Current Assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible Assets |
20.193 |
19.620 |
17.903 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
2.426 |
2.426 |
2.427 |
|
(iv)
Intangible assets under Development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.067 |
5.067 |
5.067 |
|
(c) Deferred Tax Assets (net) |
0.532 |
0.330 |
0.231 |
|
(d) Long-term Loan and Advances |
22.309 |
20.067 |
15.589 |
|
(e) Other
Non-Current Assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
50.527 |
47.510 |
41.217 |
|
|
|
|
|
|
(2) Current Assets |
|
|
|
|
(a)
Current Investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
342.406 |
344.297 |
285.725 |
|
(c) Trade
Receivables |
1006.298 |
915.369 |
808.498 |
|
(d) Cash
and Cash Equivalents |
79.066 |
18.700 |
10.883 |
|
(e)
Short-term Loans and Advances |
72.936 |
48.484 |
18.370 |
|
(f) Other Current
Assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1500.706 |
1326.850 |
1123.476 |
|
|
|
|
|
|
TOTAL |
1551.233 |
1374.360 |
1164.693 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
4410.588 |
|
|
|
Other Income |
|
|
14.949 |
|
|
|
TOTAL (A) |
|
|
4425.537 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
4179.854 |
|
|
|
Salaries and Wages |
|
|
16.480 |
|
|
|
Sales Tax and Vat |
|
|
112.222 |
|
|
|
Administrative and Financial Expenses |
|
|
82.985 |
|
|
|
TOTAL (B) |
NA |
NA |
4391.541 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
33.996 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
2.524 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
|
|
31.472 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
11.016 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
30.135 |
28.789 |
20.456 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
81.109 |
53.924 |
35.039 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Provision for Proposed Dividend |
1.448 |
1.347 |
1.347 |
|
|
|
Provision for Tax on Proposed Dividend |
0.246 |
0.257 |
0.224 |
|
|
BALANCE CARRIED
TO THE B/S |
109.550 |
81.109 |
53.924 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
0.933 |
22.269 |
24.605 |
|
|
TOTAL EARNINGS |
0.933 |
22.269 |
24.605 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
604.598 |
NA |
134.142 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
15.61 |
16.02 |
11.39 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
NA |
0.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA |
2.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.02 |
1.04 |
0.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.19 |
1.13 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
17.966 |
17.966 |
19.301 |
|
Reserves & Surplus |
103.889 |
131.074 |
168.865 |
|
Share Application Money
Pending Allotment |
0.000 |
46.935 |
28.501 |
|
Net
worth |
121.855 |
195.975 |
216.667 |
|
|
|
|
|
|
Long-term Borrowings |
52.977 |
64.608 |
113.193 |
|
Short-term Borrowings |
61.674 |
139.912 |
108.819 |
|
Total
borrowings |
114.651 |
204.520 |
222.012 |
|
Debt/Equity
ratio |
0.941 |
1.044 |
1.025 |
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
two year |
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 |
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 |
10535207 |
29/09/2014 |
13,000,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT
STREET, NEW DELHI, DELHI - 110001, |
C36141398 |
|
2 |
10474945 |
30/01/2014 |
170,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI
BUILDING, 4TH FLOOR, 124, CONNAUGHT |
B95234472 |
|
3 |
10458804 |
07/11/2013 |
564,300,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT STREET,
NEW DELHI, DELHI - 110001, |
B89000442 |
|
4 |
10434801 |
14/05/2013 |
100,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
B78720463 |
|
5 |
10414916 |
10/10/2014 * |
250,000,000.00 |
STANDARD CHARTERED BANK |
10, PARLIAMENT STREET, NEW DELHI - 110001, INDIA |
C36142784 |
|
6 |
10290863 |
28/05/2013 * |
294,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B77796811 |
|
7 |
10272869 |
24/02/2011 |
22,200,000.00 |
BANK OF BARODA |
CIVIL LINES BRANCH, CIVIL LINES, KANPUR, UTTAR PRADESH - 20800, INDIA |
B08470478 |
|
8 |
10196631 |
22/01/2010 |
11,450,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
A77336527 |
|
9 |
10108007 |
28/05/2013 * |
294,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
B77930766 |
|
10 |
10108015 |
28/05/2013 * |
294,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B78079175 |
|
11 |
10093347 |
19/11/2007 * |
95,000,000.00 |
CENTURION BANK OF PUNJAB LIMITED |
M-39,CONNAUGHT CIRCUS, NEW DELHI, NEW DELHI, DELHI - 110001, INDIA |
A39426044 |
|
12 |
90277914 |
21/04/2005 |
3,375,540.00 |
ABN AMRO BANK |
BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
35.030 |
35.500 |
|
Deposits from Directors |
29.049 |
19.529 |
|
Total |
64.079 |
55.029 |
CHANGE OF ADDRESS
The Registered Office of the company has been shifted from 123/1, Fkalpi
Road, Kanpur - 208012, Uttar Pradesh, India to the present address
w.e.f.22.12.2012.
GENERAL INFORMATION
Subject is engaged
in Import, Export and Marketing of specialty petro chemicals for industrial
production. The company has Head office at Kanpur and four branches in various
states of the country.
FIXED ASSETS
· Land
· Buildings
· Office Building
· Other Building
· Furniture and Fixtures
· Vehicles
· Motor vehicles
· Office Equipment
· 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.62.40 |
|
|
1 |
Rs.92.15 |
|
Euro |
1 |
Rs.66.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
42 |
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.