MIRA INFORM REPORT
|
Report No. : |
318650 |
|
Report Date : |
21.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL ENGINEERING WORKS PRIVATE LIMITED (w.e.f. 13.01.2004) |
|
|
|
|
Formerly Known
As : |
THE ORIENTAL ENGINEERING WORKS PRIVATE LIMITED THE ORIENTAL ENGINEERING WORKS LIMITED |
|
|
|
|
Registered
Office : |
E-4/A, Industrial Area, Oriental Crossing, Yamuna Nagar – 135 001,
Haryana |
|
Tel. No.: |
91-1732-251750 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
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|
|
Date of
Incorporation : |
17.12.1938 |
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Com. Reg. No.: |
05-001923 |
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Capital
Investment / Paid-up Capital : |
Rs.20.000 million |
|
|
|
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CIN No.: [Company Identification
No.] |
U36492HR1938PTC001923 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTLO10225F |
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|
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PAN No.: [Permanent Account No.] |
AAAFT5768N |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of High Pressure Cylinders. |
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|
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|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 186000 |
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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 an established company having satisfactory track record. The rating reflects company’s satisfactory financial risk profile
marked by acceptable networth position and fair profitability of the company.
Trade relations are reported as fair. Payment terms are reported to be
usually 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 |
ICRA |
|
Rating |
Long Term Fund Based Facilities: BB+ (Suspended) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
January, 2015 |
Reason for suspension:
Inability to carry out rating in absence of
requisite information from the company.
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. Rajesh Mehta |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9215551763 |
|
Date : |
20.04.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
E-4/A, Industrial Area, Oriental Crossing, Yamuna Nagar – 135 001,
Haryana, India |
|
Tel. No.: |
91-1732-251750/ 290750/ 261750/ 251755/ 651750 |
|
Mobile No.: |
91-9215551763 (Mr. Rajesh Mehta) |
|
Fax No.: |
91-1732-251757 |
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E-Mail : |
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|
Website : |
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Area : |
25000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
E-14, Industrial Area, Yamuna Nagar – 135 001, Haryana, India |
DIRECTORS
AS ON 17.09.2014
|
Name : |
Mr. Raman Saluja |
|
Designation : |
Managing Director |
|
Address : |
Oriental House, Yamuna Nagar – 135 001, |
|
Date of Birth/Age : |
01.05.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
25.01.1996 |
|
DIN No.: |
00827097 |
|
|
|
|
Name : |
Mr. Satish Chandra Saluja |
|
Designation : |
Director |
|
Address : |
Oriental House, Yamuna Nagar – 135 001, |
|
Date of Birth/Age : |
16.12.1936 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
10.06.1983 |
|
DIN No.: |
00827144 |
|
|
|
|
Name : |
Ms. Gayatri Saluja |
|
Designation : |
Director |
|
Address : |
Oriental House, Yamuna Nagar – 135 001, |
|
Date of Birth/Age : |
28.12.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
06.11.2002 |
|
DIN No.: |
01310630 |
|
|
|
|
Name : |
Ms. Divya Khanna |
|
Designation : |
Director |
|
Address : |
49, Friends Colony, Mathura Road, Delhi –
110 065, India |
|
Date of Birth/Age : |
12.08.1970 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
06.11.2002 |
|
DIN No.: |
01310677 |
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|
|
|
Name : |
Dr. Sunita Saluja |
|
Designation : |
Director |
|
Address : |
Oriental House, Yamuna Nagar – 135 001, |
|
Date of Birth/Age : |
02.10.1935 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
25.01.1995 |
|
DIN No.: |
01310707 |
|
|
|
|
Name : |
Mrs. Samira Saluja |
|
Designation : |
Director |
|
Address : |
Oriental House, Yamuna Nagar – 135 001, |
|
Date of Birth/Age : |
15.09.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
28.12.2002 |
|
DIN No.: |
01310726 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh Mehta |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 17.09.2014
Note:
Shareholding details file attached.
AS ON 17.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of High Pressure Cylinders. |
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|
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|
Products : |
·
Cylinders ·
Pumps ·
System Components ·
Presses ·
Tools ·
Pullers ·
Bolting Technology |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
USA ·
UAE ·
Germany |
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Imports : |
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Products : |
Raw Material |
|
Countries : |
·
China ·
Taiwan |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, End Users and Manufacturer
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Moudgil and Company Chartered Accountants |
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Address : |
Khera Bazar, Jagadhri, Yamuna Nagar– 135 001, Haryana, India |
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Tel. No. : |
91-1732-242481/ 242139/ 242135/ 241081/ 236717 |
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PAN
No.: |
AAQPM8956P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Other Related Parties : |
Oriental
Impulse Engineering Private Limited |
CAPITAL STRUCTURE
AS ON 17.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1780000 |
Ordinary Equity Shares |
Rs.10/- each |
Rs.17.800 million |
|
22000 |
Preference Shares |
Rs.100/- each |
Rs.2.200 million |
|
|
Total
|
|
Rs.20.000
million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1780000 |
Ordinary Equity Shares |
Rs.10/- each |
Rs.17.800 million |
|
22000 |
Preference Shares |
Rs.100/- each |
Rs.2.200 million |
|
|
Total
|
|
Rs.20.000
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 |
20.000 |
20.000 |
10.000 |
|
(b) Reserves & Surplus |
45.034 |
34.929 |
41.156 |
|
(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) |
65.034 |
54.929 |
51.156 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
36.895 |
31.576 |
38.452 |
|
(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) |
36.895 |
31.576 |
38.452 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
14.862 |
7.156 |
19.985 |
|
(b) Trade
payables |
32.685 |
28.642 |
26.909 |
|
(c) Other
current liabilities |
23.694 |
23.633 |
24.220 |
|
(d) Short-term
provisions |
7.259 |
3.508 |
3.080 |
|
Total Current
Liabilities (4) |
78.500 |
62.939 |
74.194 |
|
|
|
|
|
|
TOTAL |
180.429 |
149.444 |
163.802 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
76.335 |
76.910 |
83.407 |
|
(ii)
Intangible Assets |
0.170 |
0.170 |
0.067 |
|
(iii)
Capital work-in-progress |
4.861 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.004 |
0.004 |
0.004 |
|
(c) Deferred tax assets (net) |
0.784 |
2.257 |
0.733 |
|
(d) Long-term Loan and Advances |
8.858 |
3.565 |
2.690 |
|
(e) Other Non-current
assets |
0.040 |
0.045 |
0.000 |
|
Total Non-Current
Assets |
91.052 |
82.951 |
86.901 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
16.995 |
19.360 |
29.023 |
|
(c) Trade
receivables |
49.958 |
36.807 |
42.303 |
|
(d) Cash
and cash equivalents |
9.826 |
4.385 |
1.921 |
|
(e)
Short-term loans and advances |
7.564 |
4.425 |
2.395 |
|
(f) Other
current assets |
5.034 |
1.516 |
1.259 |
|
Total
Current Assets |
89.377 |
66.493 |
76.901 |
|
|
|
|
|
|
TOTAL |
180.429 |
149.444 |
163.802 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
Revenue from Operations |
289.014 |
244.576 |
|
|
|
Other Income |
0.401 |
0.221 |
|
|
|
TOTAL |
289.415 |
244.797 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Cost of materials
consumed |
140.694 |
124.114 |
|
|
|
Purchases of
Stock-in-trade |
3.363 |
0.097 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
0.067 |
6.928 |
|
|
|
Employee benefit expense |
38.745 |
36.745 |
|
|
|
Other expenses |
70.300 |
52.164 |
|
|
|
TOTAL |
253.169 |
220.048 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
36.246 |
24.749 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.090 |
9.277 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
28.156 |
15.472 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
9.204 |
9.623 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
18.952 |
5.849 |
|
|
|
|
|
|
|
|
Less |
TAX |
5.378 |
(0.329) |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
13.574 |
6.178 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
8.09 |
2.33 |
|
|
|
PARTICULARS |
31.03.2012 |
|
|
SALES TURNOVER
(APPROXIMATELY) |
240.000 |
|
|
|
|
|
|
Proposed Divined
|
|
|
|
On Preference Share @12 |
0.132 |
|
|
On Ordinary and Deferred Share @ 10 |
1.602 |
|
|
|
|
|
|
Provision
for Income Tax |
1.040 |
|
|
|
|
|
|
Provision for
Income Tax and proposed Dividend |
0.281 |
|
|
|
|
|
|
Prevision
for Wealth Tax |
0.025 |
|
|
|
|
|
|
Income Tax |
0.196 |
|
|
|
|
|
|
NET
PROFIT |
5.458 |
|
|
|
|
|
|
Balance Transfer
to General Reserve |
4.618 |
Expected Sales (2014-2015): Rs.260.000 million
The above information has been parted by Mr. Rajesh Mehta (Accounts Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.70 |
2.53 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
12.54 |
10.12 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.84 |
3.97 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.11 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.80 |
0.71 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.06 |
1.04 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
10.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
41.156 |
34.929 |
45.034 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
51.156 |
54.929 |
65.034 |
|
|
|
|
|
|
Long Term borrowings |
38.452 |
31.576 |
36.895 |
|
Short Term borrowings |
19.985 |
7.156 |
14.862 |
|
Total borrowings |
58.437 |
38.732 |
51.757 |
|
Debt/Equity ratio |
1.142 |
0.705 |
0.796 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR in Million) |
(INR in Million) |
|
Revenue from Operations |
|
244.576 |
289.014 |
|
|
|
|
18.169 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR in Million) |
(INR in Million) |
|
Revenue from Operations |
|
244.576 |
289.014 |
|
Profit |
|
6.178 |
13.574 |
|
|
|
2.53% |
4.70% |
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from Friends and Relatives |
31.134 |
28.760 |
|
Total |
31.134 |
28.76 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
90040382 |
13/12/2014 * |
97,400,000.00 |
STATE BANK OF INDIA |
MAIN BRANCH, YAMUNA
NAGAR, HARYANA - 135001, INDIA |
C39658117 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Equipments
·
Foundry
·
Furniture and Fixtures
·
Car and Vehicles
·
Internal Telephones Exchange
·
Computer Equipments
·
Office Equipments
·
Scooter and Bicycles
·
Tools, Dies and Measuring Equipment
·
Independent Feeder
·
Water Harvesting
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.62.56 |
|
|
1 |
Rs.93.56 |
|
Euro |
1 |
Rs.67.49
|
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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.