MIRA INFORM REPORT
|
Report No. : |
336292 |
|
Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
EURO VISTAA (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
28, Vaswani Mansion, 5th Floor, Dinshaw Vachha Road, Churchgate,
Mumbai – 400020, Maharashtra |
|
Tel No.: |
91-22-22872193 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.02.1987 |
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|
|
|
Com. Reg. No.: |
11-042451 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.476 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1987PLC042451 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME05403G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE0843Q |
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|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
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Line of Business
: |
Merchant Exporter of yarn and also engaged in wind power generation. |
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|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having moderate track. Management has reported a small networth base along with high total
liabilities to tangible networth ratio during FY 14. However, trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of experienced promoters, the company can be considered for
business dealings with slight 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 |
CRISIL |
|
Rating |
Long term rating : B+ |
|
Rating Explanation |
High risk pf default regarding timely servicing and high credit risk. |
|
Date |
22.01.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
22.01.2015 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. D K Agarwal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-22872193 |
|
Date : |
11.08.2015 |
LOCATIONS
|
Registered Office : |
28, Vaswani Mansion, 5th Floor, Dinshaw Vachha Road, Churchgate,
Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-22872193/22834617/22040700 |
|
Fax No.: |
9122-22040699/22818356 |
|
E-Mail : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Punkajj Girdharilal Lath |
|
Designation : |
Managing director |
|
Address : |
1, Nowroji Mansion, 31, Wodehouse Road, Colaba, Mumbai - 400 001, Maharashtra, India |
|
Date of Birth/Age : |
20.01.1968 |
|
Date of Appointment : |
25.06.1990 |
|
DIN No.: |
00172371 |
|
PAN No.: |
AAAPL4072F |
|
|
|
|
Name : |
Mr. Ramesh Biharilal Agrawal |
|
Designation : |
Director |
|
Address : |
107, Inderlock, Travani Park, Nasik Road, Deolali Bank, Jail Road, Nasik - 422 005, Maharashtra, India |
|
Date of Birth/Age : |
21.01.1964 |
|
Date of Appointment : |
01.06.2001 |
|
DIN No.: |
00559150 |
|
|
|
|
Name : |
Mr. Satyawati Lath |
|
Designation : |
Director |
|
Address : |
1, Nowroji Mansion, 31, Wodehouse Road, Colaba, Mumbai -
400 001, Maharashtra, India |
|
Date of Birth/Age : |
15.03.1941 |
|
Date of Appointment : |
11.08.2003 |
|
DIN No.: |
00172242 |
|
PAN No.: |
AACPL3702C |
|
|
|
|
Name : |
Renu Madhusudan Rajgarhia |
|
Designation : |
Director |
|
Address : |
A-41/42, Aishwarya Appartment, Near Big Daddy Restaurant, Bopal, Ahmedabad - 380 058, Gujarat, India |
|
Date of Birth/Age : |
06.01.1965 |
|
Date of Appointment : |
29.12.2006 |
|
DIN No.: |
01082718 |
KEY EXECUTIVES
|
Name : |
Mr. D K Agarwal |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Lath Girdharilal |
|
100 |
|
Lath Pramod |
|
200 |
|
Lath Punkajj |
|
865570 |
|
Lath Alka |
|
479500 |
|
Harlalka Ghanshyam |
|
20 |
|
Lath Yashwardhan |
|
2500 |
|
Lath Yuvraj |
|
2000 |
|
Ramesh B. Agarwal |
|
100 |
|
Harlalka Manju |
|
20 |
|
Harlalka Aditya |
|
20 |
|
Lath Swati |
|
20 |
|
Lath Siddharth |
|
20 |
|
Total |
|
1350070 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.66 |
|
Other top fifty shareholders |
0.34 |
|
Total |
100.00 |
%20LIMITED%20-%20336292%2011-Aug-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Merchant Exporter of yarn and also engaged in wind power generation. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Yarn |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cheque |
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Purchasing : |
Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
60 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
B. Maheshwari and Associates Chartered Accountants |
|
Address : |
Bungalow No 4, Ground Floor, Kia Park Prathamesh Complex Veera, Desai Road, Andheri (West), Mumbai - 400053, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB4406C |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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|
|
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Associates: |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1955000 |
Equity Shares |
Rs.10/- each |
Rs. 19.550 Million |
|
45000 |
Preference Shares |
Rs.10/- each |
Rs. 0.450 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 20.000
Million |
Issued, Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1900070 |
Equity Shares |
Rs.10/- each |
Rs. 19.001 Million |
|
|
|
|
|
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1350070 |
Equity Shares |
Rs.10/- each |
Rs. 13.501
Million |
|
|
Add:5,50,000 Forfeited Shares of Rs.10/-Each Partly paid up |
|
Rs. 2.975 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 16.476 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 |
16.476 |
16.476 |
16.476 |
|
(b) Reserves & Surplus |
115.589 |
116.909 |
125.623 |
|
(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) |
132.065 |
133.385 |
142.099 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
55.947 |
0.000 |
7.449 |
|
(b) Deferred tax liabilities
(Net) |
4.853 |
6.330 |
8.335 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
6.960 |
6.339 |
5.026 |
|
Total
Non-current Liabilities (3) |
67.760 |
12.669 |
20.810 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
211.449 |
266.949 |
137.415 |
|
(b) Trade payables |
31.164 |
3.680 |
58.085 |
|
(c) Other current liabilities |
146.142 |
171.987 |
154.256 |
|
(d) Short-term provisions |
15.540 |
11.695 |
13.624 |
|
Total
Current Liabilities (4) |
404.295 |
454.311 |
363.380 |
|
|
|
|
|
|
TOTAL |
604.120 |
600.365 |
526.289 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
28.414 |
33.292 |
38.256 |
|
(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 |
4.870 |
7.055 |
7.055 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
56.105 |
57.296 |
54.453 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
89.389 |
97.643 |
99.764 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
56.677 |
35.977 |
34.801 |
|
(c) Trade receivables |
231.294 |
290.392 |
153.165 |
|
(d) Cash and cash equivalents |
8.071 |
10.962 |
12.536 |
|
(e) Short-term loans and
advances |
218.689 |
165.391 |
226.023 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
514.731 |
502.722 |
426.525 |
|
|
|
|
|
|
TOTAL |
604.120 |
600.365 |
526.289 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2198.263 |
1417.427 |
1818.280 |
|
|
Other Income |
3.395 |
3.409 |
3.151 |
|
|
TOTAL
(A) |
2201.658 |
1420.836 |
1821.431 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
1899.154 |
1188.130 |
1473.479 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(20.700) |
(1.176) |
2.019 |
|
|
Employees benefits expense |
26.062 |
23.968 |
21.705 |
|
|
Other expenses |
207.906 |
134.174 |
179.043 |
|
|
Prior period items |
0.019 |
0.115 |
0.239 |
|
|
TOTAL
(B) |
2112.441 |
1345.211 |
1676.485 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
89.217 |
75.625 |
144.946 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
41.708 |
38.832 |
84.337 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
47.509 |
36.793 |
60.609 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
4.898 |
5.973 |
7.046 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
42.611 |
30.820 |
53.563 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
12.341 |
8.153 |
12.315 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
30.270 |
22.667 |
41.248 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
102.533 |
113.516 |
72.268 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
3.028 |
2.268 |
0.000 |
|
|
1st Interim Dividend |
6.750 |
13.501 |
0.000 |
|
|
2nd Interim Dividend |
6.750 |
13.501 |
0.000 |
|
|
3rd Interim Dividend |
6.750 |
0.000 |
0.000 |
|
|
4th Interim Dividend |
6.750 |
0.000 |
0.000 |
|
|
Dividend Tax |
4.589 |
4.380 |
0.000 |
|
|
Balance
Carried to the B/S |
98.186 |
102.533 |
113.516 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
22.42 |
16.79 |
305.52 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
4.289 |
7.182 |
9.121 |
|
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 / Sales) |
(%) |
1.38 |
1.60 |
2.27 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.06 |
5.34 |
7.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.11 |
5.19 |
10.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.23 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.06 |
2.06 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.11 |
1.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
16.476 |
16.476 |
16.476 |
|
Reserves & Surplus |
125.623 |
116.909 |
115.589 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
142.099 |
133.385 |
132.065 |
|
|
|
|
|
|
long-term borrowings |
7.449 |
0.000 |
55.947 |
|
Short term borrowings |
137.415 |
266.949 |
211.449 |
|
Current maturities of
long-term debts |
9.121 |
7.182 |
4.289 |
|
Total
borrowings |
153.985 |
274.131 |
271.685 |
|
Debt/Equity
ratio |
1.084 |
2.055 |
2.057 |
%20LIMITED%20-%20336292%2011-Aug-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1818.280 |
1417.427 |
2198.263 |
|
|
|
(22.046) |
55.088 |
%20LIMITED%20-%20336292%2011-Aug-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1818.280 |
1417.427 |
2198.263 |
|
Profit |
41.248 |
22.667 |
30.270 |
|
|
2.27% |
1.60% |
1.38% |
%20LIMITED%20-%20336292%2011-Aug-2015_files/image019.gif)
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
Registered office of the company has been shifted from 505, Embassy Centre Nariman Point, Mumbai – 400021, Maharashtra, India to the present address w.e.f. 28.09.2011
OPERATIONS:
During the year, the Company has earned total income of Rs. 2201.658 Million as against Rs. 1420.837 Million in the previous year.
The profit before tax for the year was at Rs. 42.631 Million as against Rs. 30.936 Million in the previous year which shows increase of 38%. After making various adjustments towards prior year expenses and taxation as shown above, the Company has made a Net Profit after tax of Rs. 30.271 Million as against Rs. 22.667 Million in the previous year. After adding credit balance brought forward from the previous year of Rs. 102.534 Million (previous year Rs.113.516 Million), and making various appropriations as stated above, the balance of Rs. 98.186 Million as against Rs.102.534 Million in the previous year is carried forward to the Balance Sheet.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10069440 |
24/04/2015 * |
657,500,000.00 |
BANK OF MAHARASHTRA |
OVERSEAS BRANCH,NARIMAN POINT, MITTAL COURT, A W ING, MUMBAI, MAHARASHTRA - 400021, INDIA |
C53409405 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.63.76 |
|
|
1 |
Rs.98.76 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
34 |
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.