MIRA INFORM REPORT
|
Report No. : |
338465 |
|
Report Date : |
25.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
CEASEFIRE INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
602, Doli Chambers, Near Strand Cinema, 6th Floor, Colaba,
Mumbai – 400 005, Maharashtra |
|
Tel. No.: |
91-22-22854677 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.06.2002 |
|
|
|
|
Com. Reg. No.: |
11-136108 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29193MH2002PLC136108 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMC08717C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC8940P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and
Trading of Firefighting Equipments and Systems. |
|
|
|
|
No. of Employees
: |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1266000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. The rating of Ceasefire
Industries Limited reflects growing scale of operational activities,
improvement in capital structure, profile margin and healthy financial risk
profile backed by its negligible debt and strong liquidity. The rating
continue to drive strength from the long track record of the company in
manufacturing and trading of firefighting equipment and systems and
experienced promoters. Trade relations
are fair. Business is active. Payment terms are reported to be usually
correct. In view of sound
operational and financial base, the company can be considered normal for
business dealings at its usual trade terms and condition. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 (PARTIAL DETAILS)
|
Name : |
Mr. Kapil Soni |
|
Designation : |
Finance Department |
|
Contact No.: |
91-120-7154114 |
|
Date : |
25.08.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
602, Doli Chambers, Near Strand Cinema, 6th Floor, Colaba, Mumbai
– 400 005, Maharashtra, India |
|
Tel. No.: |
91-22-22854677/ 78 |
|
Fax No.: |
91-22-66349069 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Corporate Office : |
Plot No.4, Second Floor, Sector-135,
Noida - Greater Noida Expressway, Noida – 201
301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-7154114/ 4223473 |
|
Fax No.: |
91-120-7154115 |
|
|
|
|
Warehouse : |
B-1/46, Street No.3, New Ashok Nagar, New Delhi – 110 092, India |
|
|
|
|
Branch Office : |
Located at: ·
Jammu and Kashmir ·
Himachal Pradesh ·
Punjab ·
Haryana ·
Delhi ·
Uttarakhand ·
Rajasthan ·
Bihar ·
Assam ·
Jharkhand ·
West Bengal ·
Madhya Pradesh ·
Orissa ·
Chhattisgarh ·
Gujarat ·
Maharashtra ·
Karnataka ·
Telangana ·
Andhra Pradesh ·
Kerala ·
Tamilnadu |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ashutosh Mangal |
|
Designation : |
Director |
|
Address : |
219, Supreme Enclave, Mayur Vihar, Phase-I, Delhi – 110 092, India |
|
Date of Birth/Age : |
27.08.1968 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
06.06.2002 |
|
DIN No.: |
00058348 |
|
PAN No.: |
AAMPM5389E |
|
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 |
U29193MH2002PLC136108 |
CEASEFIRE INDUSTRIES
LIMITED |
Director |
06/06/2002 |
06/06/2002 |
- |
Active |
NO |
|
2 |
U74999DL2005PTC134048 |
GEETANJLI FASHION
DESIGNERS PRIVATE LIMITED |
Director |
03/10/2012 |
03/10/2012 |
- |
Active |
NO |
|
3 |
U72200DL2005PTC141532 |
NOIDA VALLEY TECHNOLOGIES
PRIVATE LIMITED |
Director |
28/07/2014 |
28/07/2014 |
- |
Active |
NO |
|
|
|
|
Name : |
Mr. Pawan Arora |
|
Designation : |
Director |
|
Address : |
A-480,
Sarita Vihar, New Delhi – 110 044, India |
|
Date of Birth/Age : |
02.02.1967 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
03.06.2002 |
|
DIN No.: |
00058419 |
|
|
|
|
Name : |
Mr. Baskar
Jayasekhar |
|
Designation : |
Director |
|
Address : |
D-104,
Renaissance Prospero, No.296, Bellary Road, Byatarayanapura, Bangalore – 560
092, Karnataka, India |
|
Date of Birth/Age : |
29.04.1963 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
03.06.2002 |
|
DIN No.: |
00067123 |
|
|
|
|
Name : |
Mr.
Deepak Bhaskar Pradhan |
|
Designation : |
Director |
|
Address : |
B-3,
Kamal Kishore, Bal Govindas Road, Shivaji Park, Mahim, Mumbai – 400 016,
Maharashtra, India |
|
Date of Birth/Age : |
04.09.1958 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
00235583 |
|
PAN No.: |
ACZPP2657F |
|
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 |
U65990MH1993PTC071875 |
CAPSTONE INVESTMENT
COMPANY PRIVATE LIMITED |
Director |
11/12/1995 |
11/12/1995 |
29/03/2012 |
Active |
NO |
|
2 |
U65990MH1991PTC060882 |
REAL VALUE SECURITIES
PRIVATE LIMITED |
Director |
15/01/1996 |
15/01/1996 |
- |
Strike off |
NO |
|
3 |
U65990MH1990PTC058168 |
REAL VALUE INTERNATIONAL PRIVATE
LIMITED |
Director |
03/09/2001 |
03/09/2001 |
01/07/2008 |
Strike off |
NO |
|
4 |
U65910MH1990PLC057741 |
CAPITAL CONSORTIUM
LIMITED |
Director |
03/09/2001 |
03/09/2001 |
- |
Strike off |
NO |
|
5 |
U29193MH2002PTC134800 |
FIREWARE INDIA PRIVATE LIMITED |
Director |
06/02/2002 |
06/02/2002 |
01/04/2009 |
Active |
NO |
|
6 |
U31907MH2003PTC143164 |
SECUREZONE INDIA PRIVATE
LIMITED |
Director |
17/11/2003 |
17/11/2003 |
- |
Active |
NO |
|
7 |
U29193MH2002PLC136108 |
CEASEFIRE INDUSTRIES
LIMITED |
Director |
01/04/2009 |
01/04/2009 |
- |
Active |
NO |
|
8 |
U74999DL2005PTC134048 |
GEETANJLI FASHION
DESIGNERS PRIVATE LIMITED |
Director |
03/10/2012 |
03/10/2012 |
- |
Active |
NO |
|
9 |
U72200DL2005PTC141532 |
NOIDA VALLEY TECHNOLOGIES
PRIVATE LIMITED |
Director |
28/07/2014 |
28/07/2014 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Kapil Soni |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Ashutosh Mangal |
20850 |
41.70 |
|
Deepak Bhaskar Pradhan |
19090 |
38.18 |
|
Vanita P. Mehra |
7500 |
15.00 |
|
Minoo M. Abadan |
2500 |
5.00 |
|
Pawan Arora |
10 |
0.02 |
|
Baskar
Jayasekhar |
10 |
0.02 |
|
Ramesh Chander Sharma |
10 |
0.02 |
|
Kapil Kewal Soni |
10 |
0.02 |
|
Ajay H. Ambildhok |
10 |
0.02 |
|
Nayanapala D. Shetty |
10 |
0.02 |
|
Total |
50000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
79.92 |
|
Other
top fifty shareholders |
|
20.08 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and
Trading of Firefighting Equipments and Systems. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash, Advance Payment and Cheque |
||||
|
|
|
||||
|
Purchasing : |
Cash, Advance Payment and Cheque
|
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers, End Users and OEM’s
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
1000 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
Citibank N.A., First
International Financial Centre, 9th Floor, Plot No.C-54, C-55,
G-Block, BKC, Bandra (East), Mumbai – 400 051, Maharashtra, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Ravi
Seth and Company Chartered Accountants |
|
Address : |
1st
Floor, Nirant, Opposite Joy Villa, 19th Road, Khar (West), Mumbai
– 400 052, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIPS3356B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500
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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
442.511 |
367.941 |
262.776 |
|
(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) |
443.011 |
368.441 |
263.276 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
20.403 |
18.871 |
8.621 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
61.337 |
61.286 |
44.203 |
|
Total Non-current
Liabilities (3) |
81.740 |
80.157 |
52.824 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
236.436 |
254.446 |
197.279 |
|
(c) Other current
liabilities |
60.928 |
53.178 |
42.719 |
|
(d) Short-term provisions |
23.399 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
320.763 |
307.624 |
239.998 |
|
|
|
|
|
|
TOTAL |
845.514 |
756.222 |
556.098 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
90.278 |
88.412 |
72.485 |
|
(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 |
0.118 |
0.118 |
0.118 |
|
(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 |
90.396 |
88.530 |
72.603 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
2.614 |
9.000 |
|
(b) Inventories |
218.404 |
187.831 |
122.918 |
|
(c) Trade receivables |
351.779 |
302.466 |
249.185 |
|
(d) Cash and cash
equivalents |
87.545 |
89.967 |
62.122 |
|
(e) Short-term loans and
advances |
93.717 |
82.683 |
38.748 |
|
(f) Other current assets |
3.673 |
2.131 |
1.522 |
|
Total Current Assets |
755.118 |
667.692 |
483.495 |
|
|
|
|
|
|
TOTAL |
845.514 |
756.222 |
556.098 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
1924.429 |
1773.691 |
1331.533 |
|
|
|
Other Income |
9.733 |
10.945 |
9.104 |
|
|
|
TOTAL |
1934.162 |
1784.636 |
1340.637 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
344.620 |
347.085 |
225.123 |
|
|
|
Purchases of stock-in-trade |
175.641 |
173.215 |
133.180 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
12.151 |
(31.606) |
(12.276) |
|
|
|
Employee benefit expense |
523.910 |
474.025 |
372.771 |
|
|
|
Other expenses |
720.534 |
664.743 |
503.803 |
|
|
|
TOTAL |
1776.856 |
1627.462 |
1222.601 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE
INTEREST, TAX, DEPRECIATION AND AMORTISATION |
157.306 |
157.174 |
118.036 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.341 |
6.130 |
2.841 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
145.965 |
151.044 |
115.195 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.995 |
18.497 |
15.018 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
123.970 |
132.547 |
100.177 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
26.000 |
27.382 |
20.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
97.970 |
105.165 |
80.041 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
367.941 |
262.776 |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Final equity dividend |
20.000 |
0.000 |
NA |
|
|
|
Equity dividend tax |
3.399 |
0.000 |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
442.512 |
367.941 |
262.776 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
189.869 |
164.315 |
113.252 |
|
|
TOTAL IMPORTS |
189.869 |
164.315 |
113.252 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
1959.00 |
2103.00 |
1601.00 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
8.719 |
6.985 |
5.099 |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
43.876 |
73.016 |
52.406 |
|
Net cash flows from (used in) operating
activities |
17.067 |
43.367 |
30.886 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.09 |
5.93 |
6.01 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.17 |
8.86 |
8.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.66 |
17.53 |
18.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.36 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07 |
0.07 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.35 |
2.17 |
2.01 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
262.776 |
367.941 |
442.511 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
263.276 |
368.441 |
443.011 |
|
|
|
|
|
|
Long-term borrowings |
8.621 |
18.871 |
20.403 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long term debt |
5.099 |
6.985 |
8.719 |
|
Total borrowings |
13.720 |
25.856 |
29.122 |
|
Debt/Equity ratio |
0.052 |
0.070 |
0.066 |
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 |
|
Revenue from operations |
1331.533 |
1773.691 |
1924.429 |
|
|
|
33.207 |
8.499 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Revenue from operations |
1331.533 |
1773.691 |
1924.429 |
|
Profit |
80.041 |
105.165 |
97.970 |
|
|
6.01% |
5.93% |
5.09% |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
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 |
10203685 |
12/12/2013 * |
110,000,000.00 |
CITIBANK N. A. |
FIRST INTERNATIONAL FINANCIAL
CENTRE, 9TH FLOOR, PLOT NO.C-54, C-55, G-BLOCK, BKC, BANDRA (EAST), MUMBAI,
MAHARASHTRA - 400051, INDIA |
B91855775 |
* Date of charge modification
FIXED ASSETS:
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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.66.51 |
|
UK Pound |
1 |
Rs.104.01 |
|
Euro |
1 |
Rs.76.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.