MIRA INFORM REPORT
|
Report No. : |
334086 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
CLASSIC MICROTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No.60, At and Post-Sonasan, Taluka Prantij, District Sabarkantha
– 383 210, Gujarat |
|
Tel. No.: |
91-2770-240427 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.08.2002 |
|
|
|
|
Com. Reg. No.: |
04-041112 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.758
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26999GJ2002PTC041112 |
|
|
|
|
IEC No.: |
0807006785 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC8768K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing
zirconium silicate - a mineral used as an input during manufacturing of ceramic
glaze frits for tiles, sanitary ware etc. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2002 and engaged in manufacturing
a wide range of Zirconium Products. It is having a moderate track record. For the financial year ended 2014, the turnover of the company has
declined to Rs.340.473 million as compared to the year 2013 turnover of
Rs.454.747 million which has further resulted into a loss. The rating is further constrained by leverage balance sheet profile of
the company. However, trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Cash Credit: B |
|
Rating Explanation |
High risk of default. |
|
Date |
February, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Letter of Credit: A4 |
|
Rating Explanation |
Minimal degree of safety and carry very high credit risk. |
|
Date |
February, 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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Nitin Prajapati |
|
Designation : |
Accountant |
|
Contact No.: |
91-2770-240427 |
|
Date : |
01.08.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Block No.60, At and Post-Sonasan, Taluka Prantij, District Sabarkantha
– 383 210, Gujarat, India |
|
Tel. No.: |
91-2770-240427 |
|
Mobile No.: |
91-9879105070/ 9909984856 (Mr. Mukeshkumar Babubhai Patel) |
|
Fax No.: |
91-2770-240040/ 240090 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 22.09.2014
|
Name : |
Mr. Kacharabhai Rajabhai Patel |
|
Designation : |
Director |
|
Address : |
At-Rampur Nava, Post-Ganthiyol, Taluka-Idar, Sabarkantha – 383 410,
Gujarat, India |
|
Date of Birth/Age : |
15.04.1966 |
|
Date of Appointment : |
13.08.2002 |
|
DIN No.: |
00075029 |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U26999GJ2002PTC041112 |
CLASSIC MICROTECH PRIVATE
LIMITED |
Director |
13/08/2002 |
13/08/2002 |
- |
Active |
NO |
|
2 |
U26933GJ2003PLC043039 |
REGENT GRANITO (INDIA)
LIMITED |
Managing director |
01/09/2014 |
10/10/2003 |
- |
Active |
NO |
|
3 |
U24230GJ1995PTC025502 |
NEON PHARMACEUTICAL
PRIVATE LIMITED |
Managing director |
10/10/2003 |
10/10/2003 |
02/07/2010 |
Active |
NO |
|
4 |
U26914GJ2008PTC052518 |
RICASIL CERAMIC INDUSTRIES
PRIVATE LIMITED |
Director |
02/01/2008 |
02/01/2008 |
- |
Active |
NO |
|
5 |
U26933GJ2010PTC062398 |
SEAZONE GRANITO PRIVATE
LIMITED |
Director |
23/09/2010 |
23/09/2010 |
23/12/2011 |
Active |
NO |
|
6 |
U24100GJ2011PLC065904 |
SHAILON BIOTECH LIMITED |
Director |
14/06/2011 |
14/06/2011 |
- |
Active |
NO |
|
7 |
U26933GJ2012PTC069878 |
FARRON CERAMICS PRIVATE
LIMITED |
Director |
16/04/2012 |
16/04/2012 |
- |
Active |
NO |
|
8 |
U26999GJ2012PTC071353 |
OZONE CERAMIC PRIVATE LIMITED |
Director |
30/07/2012 |
30/07/2012 |
- |
Active |
NO |
|
Name : |
Mr. Narsinhbhai Pashabhai Patel |
|
Designation : |
Director |
|
Address : |
At-Rampur Nava, Post-Ganthiyol, Taluka-Idar, Sabarkantha – 383 410,
Gujarat, India |
|
Date of Birth/Age : |
01.06.1956 |
|
Date of Appointment : |
13.08.2002 |
|
DIN No.: |
01875525 |
|
|
|
|
Name : |
Mr. Mukeshkumar Babubhai Patel |
|
Designation : |
Director |
|
Address : |
Narsinh Pura, Post-Kukadiya, Taluka-Idar, Sabarkantha – 383 410,
Gujarat, India |
|
Date of Birth/Age : |
13.06.1978 |
|
Date of Appointment : |
13.08.2002 |
|
DIN No.: |
01944968 |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at current
designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U26999GJ2002PTC041112 |
CLASSIC MICROTECH PRIVATE
LIMITED |
Director |
13/08/2002 |
13/08/2002 |
- |
Active |
NO |
|
2 |
U26914GJ2007PTC050078 |
SINOMA CERAMICS PRIVATE
LIMITED |
Director |
20/04/2009 |
20/04/2009 |
- |
Active |
NO |
|
3 |
U26933GJ2010PTC062398 |
SEAZONE GRANITO PRIVATE
LIMITED |
Director |
23/09/2010 |
23/09/2010 |
23/12/2011 |
Active |
NO |
|
4 |
U26914GJ2008PTC052518 |
RICASIL CERAMIC
INDUSTRIES PRIVATE LIMITED |
Director |
24/01/2012 |
24/01/2012 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Hasmukhbhai Mohanbhai Patel |
|
Designation : |
Director |
|
Address : |
At-Rampur Nava, Post-Ganthiyol, Taluka-Idar, Sabarkantha – 383 410,
Gujarat, India |
|
Date of Birth/Age : |
01.04.1966 |
|
Date of Appointment : |
13.08.2002 |
|
DIN No.: |
01875559 |
|
|
|
|
Name : |
Mr. Dixitkumar Kacharabhai Patel |
|
Designation : |
Director |
|
Address : |
At-Rampur Nava, Post-Ganthiyol, Taluka-Idar, Sabarkantha – 383 410,
Gujarat, India |
|
Date of Birth/Age : |
20.06.1984 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
05340881 |
|
Other Directorship : |
|
|
S.No. |
CIN/LLPIN |
Name of the Company/ LLP |
Current designation of
the Director/ Designated Partner |
Date of appointment at
current designation |
Original date of
appointment |
Date of cessation |
Company/ LLP Status |
Defaulting status |
|
1 |
U26999GJ2002PTC041112 |
CLASSIC MICROTECH PRIVATE
LIMITED |
Director |
28/09/2012 |
21/08/2012 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Nitin Prajapati |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Vasant Patel and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
402, Shaily Complex, Opposite Loha Bhavan, Near
Old High Court, Navrangpura, Ahmedabad – 380 009, Gujarat, India |
|
Tel. No.: |
91-79-27543056/ 27546194 |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2014
Note:
Shareholding details file attached.
AS ON 22.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing
zirconium silicate - a mineral used as an input during manufacturing of
ceramic glaze frits for tiles, sanitary ware etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
“ZIRCOTECH” |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS (AS ON 31.03.2014):
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Zirconium Silicate and Zirfloor |
4200 MT. Per
Year |
4200 MT. Per
Year |
2297200 Kgs. |
|
|
|
|
|
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management. |
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|
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|
Bankers : |
·
HDFC Bank Limited ·
Kotak Mahindra Bank Limited ·
State Bank of India ·
Axis Bank Limited ·
Oriental Bank of Commerce, Himatnagar Branch |
|||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
K.K. Patel and Associates Chartered Accountants |
|
Address : |
F-63, 2nd Floor, Akash Ganga Complex, Near S.T. Stand,
Himatnagar – 383 001, Gujarat, India |
|
Tel. No.: |
91-2772-240499 |
|
Mobile No.: |
91-9898044121 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AJPPP6687D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary Company : |
Ozone Ceramics Private Limited |
|
|
|
|
Associate Concern : |
|
CAPITAL STRUCTURE
AS ON 22.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1475760 |
Equity Shares |
Rs.10/- each |
Rs.14.758
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 |
14.758 |
14.758 |
14.758 |
|
(b) Reserves &
Surplus |
41.998 |
44.140 |
42.788 |
|
(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) |
56.756 |
58.898 |
57.546 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
51.545 |
27.298 |
25.604 |
|
(b) Deferred tax
liabilities (Net) |
0.463 |
0.670 |
0.716 |
|
(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) |
52.008 |
27.968 |
26.320 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
102.696 |
110.234 |
64.331 |
|
(b) Trade payables |
11.970 |
58.249 |
51.076 |
|
(c) Other current
liabilities |
8.317 |
6.215 |
5.324 |
|
(d) Short-term provisions |
0.000 |
0.918 |
1.600 |
|
Total Current Liabilities
(4) |
122.983 |
175.616 |
122.331 |
|
|
|
|
|
|
TOTAL |
231.747 |
262.482 |
206.197 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
34.644 |
37.815 |
38.414 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.051 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.148 |
2.370 |
0.821 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
39.843 |
40.185 |
39.235 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
96.408 |
74.615 |
41.880 |
|
(c) Trade receivables |
85.748 |
100.103 |
78.556 |
|
(d) Cash and cash
equivalents |
2.211 |
6.315 |
1.366 |
|
(e) Short-term loans and
advances |
7.537 |
41.264 |
45.160 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
191.904 |
222.297 |
166.962 |
|
|
|
|
|
|
TOTAL |
231.747 |
262.482 |
206.197 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
340.473 |
454.747 |
406.470 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
28.241 |
30.783 |
24.481 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.687 |
22.815 |
14.828 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.554 |
7.968 |
9.653 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.774 |
5.636 |
4.592 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(2.220) |
2.332 |
5.061 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.206) |
0.779 |
1.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(2.014) |
1.553 |
3.361 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(1.36) |
1.05 |
2.28 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
NA |
NA |
NA |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Turnover) |
(%) |
(0.59) |
0.34 |
0.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Turnover) |
(%) |
8.29 |
6.77 |
6.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.96) |
0.89 |
2.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04) |
0.04 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.72 |
2.34 |
1.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56 |
1.27 |
1.36 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
14.758 |
14.758 |
14.758 |
|
Reserves & Surplus |
42.788 |
44.140 |
41.998 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
57.546 |
58.898 |
56.756 |
|
|
|
|
|
|
Long-term borrowings |
25.604 |
27.298 |
51.545 |
|
Short term borrowings |
64.331 |
110.234 |
102.696 |
|
Total borrowings |
89.935 |
137.532 |
154.241 |
|
Debt/Equity ratio |
1.563 |
2.335 |
2.718 |
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) |
|
Turnover |
406.470 |
454.747 |
340.473 |
|
|
|
11.877 |
-25.129 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover |
406.470 |
454.747 |
340.473 |
|
Profit |
3.361 |
1.553 |
-2.014 |
|
|
0.83% |
0.34% |
-0.59% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity-Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company has been
shifted from F/51, Akash Ganga Complex, 2nd Floor, Near ST Stand,
Himatnagar, District Sabarkantha – 383 001, Gujarat to the present address w.e.f. 01.06.2007.
OPERATION:
As
compared to the previous year, the turnover of the Company for the year
decreased from Rs.454.747 million to Rs.340.473 million. During the year the
Company has incurred net loss of Rs.2.014 million as against the net profit of
Rs.1.553 million in the previous year which was mainly due to reduction in the
turnover during the year. Barring unforeseen circumstances, the Directors are
hopeful to get better performance in the current year.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances from shareholder and others |
47.148 |
19.744 |
|
Loans from NBFC |
0.292 |
0.000 |
|
Total |
47.440 |
19.744 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10090945 |
31/12/2011 * |
221,784,000.00 |
UNION BANK OF INDIA |
DR. S.R. MARG, GANESH CHAMBERS,
DARPAN PANCH RASTA, ST. XAVIER'S HIGH SCHOOL ROAD, P.O. NAVJIVAN, AHMEDABAD,
GUJARAT - 380014, INDIA |
B30910327 |
* Date of charge modification
FIXED ASSETS:
· Land
· Factory and Building
· Plant and Machinery
· Vehicles
· Office Equipments
· Computers
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.64.01 |
|
UK Pound |
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.