MIRA INFORM REPORT
|
Report No. : |
337590 |
|
Report Date : |
19.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRECISION RUBBER INDUSTRIES PRIVATE LIMITED [w.e.f.15.07.2008] |
|
|
|
|
Formerly Known
As : |
GDN RUBBERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
201-A, Poonam Chambers, Dr. Annie Beasant Road, Worli, Mumbai -
400018, Maharashtra |
|
Tel. No.: |
91-22-40049750/ 40049751/ 40766444 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.01.2008 |
|
|
|
|
Com. Reg. No.: |
11-178158 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 17.089 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25190MH2008PTC178158 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG13086D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCG0576B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of synthetic rubber cost and aprons for draw frames, combers, speed frames, ring frames, open end spinning and texturising machinery. |
|
|
|
|
No. of Employees
: |
100 (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 Limits : |
USD 290000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Incorporated during the year 2008, Precision Rubber Industries Private
Limited (PRPL) is engaged in the manufacturing of synthetic rubber aprons. It
it established company having a satisfactory track record. For the financial year 2014, the company has achieved decent sales
turnover along with profitability margin of 3.59%. Further, the company has healthy financial base marked by decent
networth position along with low borrowings and favourable gap between trade
receivables to its payables. Trade relations are reported as fair. Business is active. Payment
terms are usually correct. In view healthy financial risk profile and long business track record,
the company can be considered for business dealing 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 – 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 |
CARE |
|
Rating |
Long term bank facilities : BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk
|
|
Date |
April, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities : A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
April, 2015 |
RBI DEFAULTER’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTER’ 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
|
Name : |
Mr. Barot |
|
Designation : |
Chief Accountant |
|
Contact No.: |
91-22-40049750 |
LOCATIONS
|
Registered/Corporate Office : |
201-A, Poonam Chambers, Dr. Annie Beasant Road, Worli, Mumbai -
400018, Maharashtra, India |
|
Tel. No.: |
91-22-40049750/ 40049751/ 40766444 |
|
Fax No.: |
91-22-66605382/ 66605383 |
|
E-Mail : |
barot@precitex.com richa@precitez.com richa@precitex.com |
|
Website : |
|
|
|
|
|
Sales and
Marketing Office: |
C-45, Road No.25, Wagle Industrial Estate, Thane - 400604, Maharashtra, India |
|
Tel. No.: |
91-22-25822569/ 25830983/ 40766333 |
|
Fax No.: |
91-22-25821778 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Palia Chouraha, Near Reoti Range, Sanwer Road, Indore -
452003, Madhya Pradesh, India |
|
Tel. No.: |
91-731-3292923 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
A1 - 5, G.I.D.C., Umbergaon - 396171, Gujarat, India |
|
Tel. No.: |
91-260-2563468/ 2563868 |
|
Fax No.: |
91-260-2562868 |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
302, Harsha House, Karampura Commercial Complex, New Delhi - 110015, India |
|
Tel No.: |
91-11-25920540/
25920541 |
|
Fax No.: |
91-11-25920540/
25920541 |
|
Email: |
|
|
|
|
|
Branch Office 2 : |
No. 62, T. Balan Nagar, Kovundampalayam, Coimbatore -
641030, Tamilnadu, India |
|
Tel No.: |
91-422-4504152/ 4347152 |
|
Fax No.: |
91-422-2454152 |
|
Email: |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Ghansham Dembla |
|
Designation : |
Director |
|
Address : |
8/A, Hormazd Villa, Carmichael Road, Mumbai - 400026, Maharashtra,
India |
|
Date of Birth/Age : |
24.11.1934 |
|
Date of Appointment : |
23.01.2008 |
|
DIN No.: |
00060361 |
|
PAN No: |
AFFPD0859J |
|
|
|
|
Name : |
Mr. Niraj Ishwar Thakkar |
|
Designation : |
Director |
|
Address : |
1001, 10th Floor, Grand Bay Apartments, 17 Hill Road,
Bandra (West), Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
30.11.1970 |
|
Date of Appointment : |
23.01.2008 |
|
DIN No.: |
00060388 |
|
PAN No.: |
AACPT1546Q |
|
|
|
|
Name : |
Mr. Diven Ghansham Dembla |
|
Designation : |
Director |
|
Address : |
8/A, Hormazd Villa, Carmichael Road, Mumbai - 400026, Maharashtra,
India |
|
Date of Birth/Age : |
27.12.1968 |
|
Date of Appointment : |
23.01.2008 |
|
DIN No.: |
00060426 |
|
PAN NO.: |
AFFPD0847Q |
|
|
|
|
Name : |
Rovina Ghansham Dembla |
|
Designation : |
Director |
|
Address : |
8/A,Hormazd Villa, Carmichael Road, Mumbai - 400026, Maharashtra, India |
|
Date of Appointment : |
07.01.2009 |
|
DIN No.: |
00064013 |
KEY EXECUTIVES
|
Name : |
Mr. Barot |
|
Designation : |
Chief Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of
Shareholders |
|
No. of Shares |
|
Ghansham T. Dembla Jointly With Rovina G. Dembla Bhenoy G. Dembla Diven G. Dembla |
|
425348 |
|
Rovina G. Dembla Jointly With Ghansham T. Dembla Bhenoy G. Dembla Diven G. Dembla |
|
408236 |
|
Diven G. Dembla Jointly with Rovina G. Dembla Ghansham T. Dembla Bhenoy G. Dembla |
|
257716 |
|
Ghansham T. Dembla HUF |
|
36576 |
|
Surbhi. l.Thakkar Jointly with Niraj.l.Thakkar Minalil N.Thakkar Kevin. N.Thakkar Maulin. N.Thakkar |
|
201756 |
|
Niraj. l.Thakkar Jointly with Surbhi.l.Thakkar Minalil N.Thakkar Kevin.N.Thakkar Maulin. N.Thakkar |
|
176296 |
|
Minalil N.Thakkar Jointly with Niraj.l.Thakkar Surbhi.l.Thakkar Kevin. N.Thakkar Maulin. N.Thakkar |
|
51272 |
|
Niraj I. Thakkar HUF |
|
50008 |
|
Ishwar Dhanjidas Thakkar HUF |
|
91692 |
|
Master Kevin. N.Thakkar Jointlv with Surbhi.l.Thakkar Niraj.l.Thakkar Minalil N.Thakkar Maulin. N.Thakkar |
|
5000 |
|
Maulin.N.Thakkar Jointlv with Surbhi.l.Thakkar Niraj.l.Thakkar Minalil N.Thakkar Kevin. N.Thakkar |
|
5000 |
|
Total |
|
1708900 |
AS ON 26.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of synthetic rubber cost and aprons for draw frames, combers, speed frames, ring frames, open end spinning and texturising machinery. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
“PRECITEX” |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Divulged |
||||||
|
|
|
||||||
|
Exports : |
|
||||||
|
Products : |
Finished Goods |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Imports : |
|
||||||
|
Products : |
Raw Material |
||||||
|
Countries : |
|
||||||
|
|
|
||||||
|
Terms : |
|
||||||
|
Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
||||||
|
|
|
||||||
|
Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End User and OEMs
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· ICICI Bank Limited · HDFC Bank Limited |
|
Auditors : |
|
|
Name : |
A.PURI and Company Chartered Accountants |
|
Address : |
Flat No. 703, Bldg. No. 2-C, Patliputra Nagar, Oshiwara, Jogeshwari (West), Mumbai – 400102, Maharashtra, India |
|
PAN No.: : |
AAEPP7655A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises over which KMP have significant influence and transaction
have taken place : |
Precision Business Park Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,708,900 |
Equity Shares |
Rs. 10/- each |
Rs. 17.089
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 |
17.089 |
17.089 |
17.089 |
|
(b) Reserves & Surplus |
83.621 |
56.125 |
49.753 |
|
(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) |
100.710 |
73.214 |
66.842 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.912 |
18.550 |
26.159 |
|
(b) Deferred tax liabilities (Net) |
4.795 |
4.971 |
5.157 |
|
(c) Other long term
liabilities |
19.288 |
15.820 |
12.895 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
38.995 |
39.341 |
44.211 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
176.124 |
220.680 |
232.218 |
|
(b) Trade
payables |
52.575 |
46.686 |
40.766 |
|
(c) Other
current liabilities |
36.184 |
32.056 |
34.952 |
|
(d) Short-term
provisions |
3.073 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
267.956 |
299.422 |
307.936 |
|
|
|
|
|
|
TOTAL |
407.661 |
411.977 |
418.989 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
87.273 |
87.130 |
87.725 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
4.774 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.010 |
|
(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 |
87.273 |
87.130 |
92.509 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.010 |
0.010 |
0.000 |
|
(b)
Inventories |
177.781 |
150.988 |
173.423 |
|
(c) Trade receivables |
98.790 |
110.012 |
89.310 |
|
(d) Cash
and cash equivalents |
14.085 |
31.018 |
32.577 |
|
(e)
Short-term loans and advances |
29.376 |
31.512 |
29.759 |
|
(f) Other
current assets |
0.346 |
1.307 |
1.411 |
|
Total
Current Assets |
320.388 |
324.847 |
326.480 |
|
|
|
|
|
|
TOTAL |
407.661 |
411.977 |
418.989 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
761.500 |
623.534 |
504.594 |
|
|
|
Other Income |
NA |
4.103 |
4.406 |
|
|
|
TOTAL |
NA |
627.637 |
509.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
NA |
256.366 |
221.750 |
|
|
|
Trading Purchases |
NA |
0.000 |
0.516 |
|
|
|
Increase/ (Decrease) in inventories |
NA |
17.745 |
14.573 |
|
|
|
Employee Benefit Expenses |
NA |
116.698 |
106.607 |
|
|
|
Other Expenses |
NA |
190.993 |
164.891 |
|
|
|
TOTAL |
NA |
581.802 |
508.337 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
45.835 |
0.633 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
25.739 |
37.373 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
20.096 |
(36.710) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
13.626 |
12.449 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
32.200 |
6.470 |
(49.159) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.900 |
0.284 |
4.178 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
27.300 |
6.186 |
(53.337) |
|
|
|
|
|
|
|
|
|
Add |
PROVISION FOR
DEFERRED TAX ASSETS (LIABILITY) FOR CURRENT YEAR |
0.200 |
0.187 |
0.430 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(35.540) |
(41.913) |
10.994 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(8.040) |
(35.540) |
(41.913) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
For Value of Sales |
245.373 |
203.355 |
167.038 |
|
|
|
Reimbursement of Freight and Insurance
|
8.358 |
7.206 |
6.293 |
|
|
TOTAL EARNINGS |
253.731 |
210.561 |
173.331 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
173.386 |
115.032 |
100.631 |
|
|
|
Stores and Spares |
0.443 |
0.272 |
0.276 |
|
|
|
Plant and Machinery [Capital work in progress] |
0.000 |
0.000 |
3.801 |
|
|
TOTAL IMPORTS |
173.829 |
115.304 |
104.708 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.97 |
-- |
(31.21) |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
800.000 |
The above information has been parted by Mr. Barot
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
2.475 |
1.305 |
2.103 |
|
Cash generated from operations |
0.042 |
0.023 |
0.003 |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
3.59 |
0.99 |
(10.57) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
NA |
7.35 |
0.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.90 |
1.57 |
(11.87) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.09 |
(0.74) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.92 |
3.29 |
3.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.08 |
1.06 |
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 |
17.089 |
17.089 |
17.089 |
|
Reserves & Surplus |
49.753 |
56.125 |
83.621 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
66.842 |
73.214 |
100.710 |
|
|
|
|
|
|
long-term borrowings |
26.159 |
18.550 |
14.912 |
|
Short term borrowings |
232.218 |
220.680 |
176.124 |
|
Current Maturities of
Long Term Debt |
2.103 |
1.305 |
2.475 |
|
Total borrowings |
260.480 |
240.535 |
193.511 |
|
Debt/Equity ratio |
3.897 |
3.285 |
1.921 |
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 |
504.594 |
623.534 |
761.500 |
|
|
|
23.571 |
22.126 |
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 |
504.594 |
623.534 |
761.500 |
|
Profit / Loss |
(53.337) |
6.186 |
27.300 |
|
|
(10.57%) |
0.99% |
3.59% |
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 |
No |
|
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 four 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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10191477 |
27/09/2013 * |
246,500,000.00 |
CANARA BANK |
WORLI BRANCH,MARTHANDA BUILDING,, 84, DR. ANNIE B |
B89719348 |
|
2 |
10185606 |
17/04/2015 * |
243,680,000.00 |
CANARA BANK |
WORLI BRANCH,MARTHANDA BUILDING,, 84, DR. ANNIE B |
C55915862 |
* Date of charge modification
FINANCIAL HIGHLIGHTS
During the year 2013-14 the Company achieved sales of Rs.761.500 Million which is an increase of Rs.138.000 Million over the previous year 2012-2013.
FIXED ASSETS
· Freehold land
· Factory Buildings
· Office / Other Premises
· Plant and Machinery
· Office Equipments
· Furniture and Fixture
· Computer Systems
· Vehicles
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.65.22 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
|
--PROFITABILIRY |
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.