MIRA INFORM REPORT
|
Report No. : |
336396 |
|
Report Date : |
11.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLASS WALL SYSTEMS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
503/504, 5th Floor, A Wing, Marathon Futurex, Mafatlal, Mills
Compound, N.M. Joshi Marg, Lower Parel (East), Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-61033456 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.08.2010 |
|
|
|
|
Com. Reg. No.: |
11-207187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.149.836 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2010PTC207187 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCG9248G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in design, supply, manufacturing
and installation of architectural facade system. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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Comments : |
Subject is private limited company incorporated on 27 August, 2010. It
is having a fine track record. Overall financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitments. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities A- |
|
Rating Explanation |
Have adequate degree of safety and carry low credit risk. |
|
Date |
25.03.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities A2 |
|
Rating Explanation |
Have strong degree of safety and carry low credit risk. |
|
Date |
25.03.2015 |
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 DENIED BY
|
Name : |
Mr. Deepak Patil |
|
Designation : |
General Manager Marketing |
|
Contact No.: |
91-9321526976 |
|
Date : |
11.08.2015 |
LOCATIONS
|
Registered Office : |
503/504, 5th Floor, A Wing, Marathon Futurex, Mafatlal, Mills
Compound, N.M. Joshi Marg, Lower Parel (East), Mumbai – 400013, Maharashtra,
India |
|
Tel. No.: |
91-22-61033456 |
|
Mobile No.: |
91-9321526976 (Mr. Deepak) |
|
Fax No.: |
91-22-61033401 |
|
E-Mail : |
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|
Website : |
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|
|
Factory : |
Located
at : ·
Ambernath ·
Gurgaon |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Jawahar Hariram Hemrajani |
|
Designation : |
Director |
|
Address : |
1003, Jimmy Tower CHS Limited, Sector - 4, Vashi, Navi Mumbai –
400705, Maharashtra, India |
|
Date of Birth/Age : |
15.08.1963 |
|
Date of Appointment : |
27.08.2010 |
|
PAN No.: |
AAAPH4147F |
|
DIN No.: |
00740482 |
|
|
|
|
Name : |
Mr. Kamlesh Arjun Choudhari |
|
Designation : |
Director |
|
Address : |
1002/1003, Kalinga Building, Nirmal Nagar, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
13.06.1974 |
|
Date of Appointment : |
27.08.2010 |
|
PAN No.: |
AABPC0207C |
|
DIN No.: |
00740645 |
|
|
|
|
Name : |
Mr. Prakash Manohar Kulkarni |
|
Designation : |
Director |
|
Address : |
Flat No. G-703 & 803, Rohan Garima, Shivajinagar,, Pune-411016, Maharashtra, India |
|
Date of Birth/Age : |
09.06.1947 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
00019652 |
|
|
|
|
Name : |
Dimitrius John D'mello |
|
Designation : |
Director |
|
Address : |
B-103, Astar Dsouza House, I C Colony, X Road No 4, Borivali (West), Mumbai, 400103, Maharashtra, India |
|
Date of Birth/Age : |
09.02.1964 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
00837714 |
|
|
|
|
Name : |
Mr. Vishal Kumar Gupta |
|
Designation : |
Director |
|
Address : |
Apartment No C 303, Ashok Garden, Tokersey Jivraj Road, Sewai,, Mumbai, 400015, Maharashtra, India |
|
Date of Birth/Age : |
02.05.1973 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
02368313 |
|
|
|
|
Name : |
Mrs. Sunita Kamlesh Choudhari |
|
Designation : |
Director |
|
Address : |
1002/1003 Kalinga Bldg A-Wing, 10th Floor, Nirmal Nagar, Off Link Rd, Mulund (West), Mumbai-400080, Maharashtra, India |
|
Date of Birth/Age : |
01.03.1975 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
02987268 |
|
|
|
|
Name : |
Mr. Eshan Jawahar Hemrajani |
|
Designation : |
Director |
|
Address : |
Flat No -1003, Jimmy Tower Co-Op-Hsg Society, Sector - 04, Vashi, Navi Mumbai-400703, Maharashtra, India |
|
Date of Birth/Age : |
12.03.1990 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
02987292 |
|
|
|
|
Name : |
Mr. Prakash Bagla |
|
Designation : |
Director |
|
Address : |
C2008,Oberoi Splendor, Jogeshwari Vikhroli Link Road, Opposite Majas Bus Depot, Jogeshwari (East), Mumbai-400060, Maharashtra, India |
|
Date of Birth/Age : |
11.11.1975 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
03043874 |
KEY EXECUTIVES
|
Name : |
Mrs. Deepali Mansukhlal Nirmal |
|
Designation : |
Secretary |
|
Address : |
A/19, Sunder Nagar CHS Limited, Opposite Blue Empire, New Link Road, Kandivali (West), Mumbai-400067, Maharashtra, India |
|
Date of Birth/Age : |
11.06.1985 |
|
Date of Appointment : |
10.04.2013 |
|
PAN No.: |
AIIPN2314A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Jawahar Hariram Hemrajani |
|
6497217 |
|
Kamlesh Arjun Choudhari |
|
6497217 |
|
Vinne Jawahar Hemrajani |
|
73871 |
|
Sunita Kamlesh Choudhari |
|
184676 |
|
Eshan Jawahar Hemrajani |
|
20736 |
|
Duru Hariram Hemrajani |
|
36935 |
|
Hariram Himathsingh Hariram |
|
36935 |
|
Amit Jawahar Hemrajani |
|
16199 |
|
IL and FS Trust Company Limited (Trustee of Business Excellence Trust II- India Business Excellence Fund II), India |
|
1052904 |
|
India Business Excellence Fund -IIA, Mauritius |
|
566950 |
|
Total |
|
14983640 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
IL and FS Trust Company Limited (Trustee of Business Excellence Trust II- India Business Excellence Fund II), India |
|
800000 |
|
India Business Excellence Fund –IIA, Mauritius |
|
4700000 |
|
Total |
|
5500000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
3.78 |
|
Directors or relatives of Directors |
89.19 |
|
Other top fifty shareholders |
7.03 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20336396_MIRA%2011-Aug-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in design, supply, manufacturing
and installation of architectural facade system. |
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Products/ Services : |
· Comprise of aluminium curtain wall · Structural glazing skylight and canopies ·
Metal wall cladding |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Shah and Sheth Chartered Accountant |
|
Address : |
17-B,Hajihabib, 2nd Floor,182 Naigaon Cross Road, Dadar (E), Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHPS8062R |
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|
|
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Memberships : |
-- |
|
|
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Collaborators : |
-- |
|
|
|
|
Associates : |
· GWS Fabricators Private Limited · GWS Engineers and Fabricators Private Limited |
|
|
·
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
· M. J. Coaters Private Limited · M.J. Aluminium Private Limited · M.J. Enterprises · M.J. Infotech · Jaysons Chemical and Gases Private Limited · Atrium Glass Gallaria · Murano Corp Private Limited · Murano Veneers Private Limited · Arham Engineers · Arham Meta engineering Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 205.000 Million |
|
5,500,000 |
Preference Shares |
Rs.10/- each |
Rs. 55.000 Million |
|
|
Total |
|
Rs. 260.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14,983,640 |
Equity Shares |
Rs.10/- each |
Rs. 149.836
Million |
|
5,500,000 |
Preference Shares |
Rs.10/- each |
Rs. 55.000
Million |
|
|
Total |
|
Rs. 204.836
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 |
149.836 |
149.836 |
149.836 |
|
(b) Reserves & Surplus |
395.944 |
197.766 |
101.052 |
|
(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) |
545.780 |
347.602 |
250.888 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.219 |
34.805 |
77.930 |
|
(b) Deferred tax liabilities (Net) |
0.048 |
2.545 |
2.137 |
|
(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) |
4.267 |
37.350 |
80.067 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
455.462 |
460.981 |
296.997 |
|
(b) Trade
payables |
629.621 |
482.968 |
333.364 |
|
(c) Other
current liabilities |
314.597 |
180.879 |
213.167 |
|
(d) Short-term
provisions |
75.236 |
24.758 |
9.511 |
|
Total Current
Liabilities (4) |
1474.916 |
1149.586 |
853.039 |
|
|
|
|
|
|
TOTAL |
2024.963 |
1534.538 |
1183.994 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
193.046 |
112.877 |
65.770 |
|
(ii)
Intangible Assets |
1.798 |
1.471 |
1.503 |
|
(iii)
Capital work-in-progress |
227.887 |
35.660 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11.778 |
11.778 |
0.600 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
434.509 |
161.786 |
67.873 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
257.767 |
309.809 |
478.567 |
|
(b)
Inventories |
493.338 |
332.742 |
221.176 |
|
(c) Trade
receivables |
740.660 |
493.555 |
321.936 |
|
(d) Cash
and cash equivalents |
1.273 |
9.584 |
2.744 |
|
(e)
Short-term loans and advances |
97.416 |
227.062 |
91.698 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1590.454 |
1372.752 |
1116.121 |
|
|
|
|
|
|
TOTAL |
2024.963 |
1534.538 |
1183.994 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1795.706 |
1638.079 |
1332.222 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1483.673 |
1492.957 |
1231.211 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
312.033 |
145.122 |
101.011 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
113.858 |
48.409 |
34.116 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
198.175 |
96.713 |
66.895 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.67 |
4.72 |
3.26 |
|
%20PRIVATE%20LIMITED%20-%20336396_MIRA%2011-Aug-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20336396_MIRA%2011-Aug-2015_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20336396_MIRA%2011-Aug-2015_files/image005.gif){kind=small}
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) operation |
432.114 |
25.972 |
33.790 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
11.04 |
5.90 |
5.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
17.38 |
8.86 |
7.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.48 |
9.76 |
8.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.57 |
0.42 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.84 |
1.43 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08 |
1.19 |
1.31 |
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 |
149.836 |
149.836 |
149.836 |
|
Reserves & Surplus |
101.052 |
197.766 |
395.944 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
250.888 |
347.602 |
545.780 |
|
|
|
|
|
|
long-term borrowings |
77.930 |
34.805 |
4.219 |
|
Short term borrowings |
296.997 |
460.981 |
455.462 |
|
Total
borrowings |
374.927 |
495.786 |
459.681 |
|
Debt/Equity
ratio |
1.494 |
1.426 |
0.842 |
%20PRIVATE%20LIMITED%20-%20336396_MIRA%2011-Aug-2015_files/image007.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) |
|
Total Revenue |
1332.222 |
1638.079 |
1795.706 |
|
|
|
22.958 |
9.623 |
%20PRIVATE%20LIMITED%20-%20336396_MIRA%2011-Aug-2015_files/image009.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 |
1332.222 |
1638.079 |
1795.706 |
|
Profit |
66.895 |
96.713 |
198.175 |
|
|
5.02% |
5.90% |
11.04% |
%20PRIVATE%20LIMITED%20-%20336396_MIRA%2011-Aug-2015_files/image011.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 |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
0.991 |
27.545 |
|
Loans and advances from related parties |
0.222 |
2.671 |
|
Total |
1.213 |
30.216 |
OPERATIONS:
During the year, in addition to Ambernath manufacturing unit, the Company had set up a new satellite assembly unit at Gurgaon to intensify its presence at national level and to execute projects timely and cost effective manner, which helps the Company to eliminate the dependency on third parties.
FUTURE PLANS:
The Directors are pleased to inform you that the process of identifying new projects at National as well as International Level and bidding for the said new projects is successfully going on.
Our intensified market coverage has started reflecting in the improved sales. This will further become healthier with the introduction of some new projects which are already in pipeline.
The Company is planning to set up many more satellite assembly units at various geographical locations to execute new projects effectively.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10375797 |
31/10/2014 * |
1,200,000,000.00 |
BANK OF INDIA |
MUMBAI MID CORPORATE BRANCH, MEZZANINE FLOOR,, BOI BUILDING, 70/80, M.
G. ROAD, FORT,, MUMBAI, Maharashtra - 400001, INDIA |
C36663557 |
|
2 |
10257776 |
31/10/2014 * |
1,200,000,000.00 |
BANK OF INDIA |
MUMBAI MID CORPORATE BRANCH, MEZZANINE FLOOR,, BO |
C36663359 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 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 : |
NYA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
52 |
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.