MIRA INFORM REPORT
|
Report No. : |
352960 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANJANA CRYOGENIC STORAGES LIMITED |
|
|
|
|
Registered
Office : |
116 Bajaj Bhavan 11th
Floor, Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-22854662 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
25.08.1999 |
|
|
|
|
Com. Reg. No.: |
11-121459 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.22.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40106MH1999PLC121459 |
|
|
|
|
IEC No.: |
0399049690 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS26987C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS5093D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Ammonia Storage Services to Hindalco Industries Limited and Tata
Chemicals Limited ·
Generation and sale of wind power ·
Importer and trading in Nickel / Ammonia ·
Trading in Iron Ore (Confirmed
by management) |
|
|
|
|
No. of Employees
: |
95 (Approximately) [In Office= 15 / In Factory= 80] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1999 having
satisfactory track record. For the financial year ended 2015, the company has reported increase in
its total revenue profile by recording Rs.853.45 million as against Rs.361.07
million from its previous year record which further resulted to rise in net
profit of the company. The rating further also reflects company’s sound financial profile
with good capital structure backed by its healthy networth base, comfortable
liquidity position and strong debt protection metrics. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. In view of aforesaid, the company can be considered 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.
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
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Anil Bhoot |
|
Designation : |
Vice President – F & C |
|
Contact No.: |
91-9819028111 |
|
Date : |
03.12.2015 |
LOCATIONS
|
Registered Office : |
116 Bajaj Bhavan 11th
Floor, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22854662 |
|
Mobile No.: |
91-9819028111 (Mr. Anil) |
|
Fax No.: |
91-22-66352932 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
P.O. Dahej, Lakhigam Village, District Bharuch – 392130, Gujarat,
India |
|
Tel. No.: |
91-2641-251052 |
|
Fax No.: |
91-2641-251052 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Riverside Ring Road, Haldia, District Purba Midnapore – 721602, West
Bengal, India |
|
Tel. No.: |
91-3224-253760 |
|
Fax No.: |
91-3224-251110 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sanjay Ramavtar Goenka |
|
Designation : |
Managing Director |
|
Address : |
141-C, Grand Paradi Apartments, A. K. Marg, Mumbai – 400036, Maharashtra, India |
|
Qualification : |
Graduate Mumbai University |
|
Date of Birth/Age : |
08.12.1966 |
|
Date of Appointment : |
25.08.1999 |
|
DIN No.: |
00140203 |
|
|
|
|
Name : |
Mr. Ramavtar Nathumal Goenka |
|
Designation : |
Director |
|
Address : |
131-C, Grand Paradi Apartments, A.K. Marg, Mumbai – 400036, Maharashtra, India |
|
Qualification : |
Graduate Bits Pilani |
|
Date of Birth/Age : |
15.07.1942 |
|
Date of Appointment : |
25.08.1999 |
|
DIN No.: |
00140376 |
|
|
|
|
Name : |
Mr. Jay Sengupta |
|
Designation : |
Director |
|
Address : |
P-4, Priyambada Housing, Basudevpur, Khajanchak Midnapore – 721602, West Bengal, India |
|
Qualification : |
B.E. |
|
Date of Birth/Age : |
08.10.1945 |
|
Date of Appointment : |
01.04.2005 |
|
DIN No.: |
00441883 |
|
|
|
|
Name : |
Mr. Shekhar Kumar Poddar |
|
Designation : |
Director |
|
Address : |
C-1/2, Birla Copper Township: Dahej, Village: Lakhigam, Bharuch – 392130, Gujarat, India |
|
Qualification : |
B.E. |
|
Date of Birth/Age : |
06.02.1959 |
|
Date of Appointment : |
26.06.2013 |
|
DIN No.: |
06578955 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Bhoot |
|
Designation : |
Vice President – F & C |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Goenka Ramavtar Sanjay |
|
889200 |
|
Goenka Sanjay Rachana |
|
532900 |
|
Goenka Sanjay Sanjana |
|
10000 |
|
Sanjay Goenka HUF |
|
37500 |
|
Modi Girdharilal |
|
100 |
|
Lath Pawankumar |
|
100 |
|
Hindalco Industries Limited, |
|
780000 |
|
Jay Sengupta And Rachana Goenka (Jointly held
Shares) |
|
100 |
|
Asok Pramanik And Sanjay Goenka (Jointly held Shares) |
|
100 |
|
|
|
|
|
Total |
|
2250000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
34.67 |
|
Directors or relatives of Directors |
65.32 |
|
Other top fifty shareholders |
0.01 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Ammonia Storage Services to Hindalco Industries Limited and Tata
Chemicals Limited ·
Generation and sale of wind power ·
Importer and trading in Nickel / Ammonia ·
Trading in Iron Ore (Confirmed
by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
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Exports : |
Not Applicable |
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
L/C |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
·
Tata Chemicals Limited |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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No. of Employees : |
95 (Approximately) [In Office= 15 / In Factory= 80] |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
· Axis Bank Limited, Axis House, Ground Floor, Bombay Dyeing Mills Compound, P. B. Marg, Mumbai - 400025, Maharashtra, India · UTI Bank Limited, Fort branch, universal Insurance Building, Sir P. M. Road, Fort, Mumbai - 400001, Maharashtra, India · Barclays Bank PLC, 601/603, Ceejay House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · ICICI Bank Limited, ICICI Bank Tower, Bandra Kurla Complex, Mumbai - 400051, Maharashtra, India · Standard Chartered Bank, 90, M G Road, Fort, Mumbai - 400021, Maharashtra, India · Coperative Centrale Raifeeisen -Boerenleen Bank, Croeselaan 18, P.O.Box.17100, 3500 Hg Utrecht, Singapore - 068896, Singapore · The Federal Bank Limited, Corporate Banking Branch, Nariman Bhavan, 1st Floor, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
Financial Institutions : |
· L & T Finance Limited, L&T House, Ballard Estate, Mumbai - 400001, Maharashtra, India · Indostar Capital Finance Private Limited, Room # 6, 4th Floor, Commerce House, 2A, Ganesh Chandra Avenue, Kolkata - 700013, West Bengal, India |
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Auditors : |
|
||||||
|
Name : |
ASL and Company Chartered Accountants |
||||||
|
Address : |
302, Eco Space, Off Old Nagardas Road, Mogra Village, Andheri (East),
Mumbai – 400069, Maharashtra, India |
||||||
|
Tel. No.: |
91-22-67383900 |
||||||
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Fax No.: |
91-22-67383939 |
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E-Mail : |
|||||||
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PAN No.: |
AAAFC1257B |
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|
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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||||||
|
Individual having 20% or more interest in the voting power of the
enterprise : |
·
Hindalco Industries Limited |
||||||
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|
||||||
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Sister Concerns : |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10010000 |
Equity Shares |
Rs.10/- each |
Rs.100.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2250000 |
Equity Shares |
Rs.10/- each |
Rs.22.500 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
22.500 |
22.500 |
22.500 |
|
(b) Reserves & Surplus |
511.005 |
467.275 |
447.846 |
|
(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) |
533.505 |
489.775 |
470.346 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
442.017 |
325.807 |
452.793 |
|
(b) Deferred tax liabilities (Net) |
54.073 |
65.264 |
78.010 |
|
(c) Other long term
liabilities |
10.000 |
10.000 |
10.000 |
|
(d) long-term
provisions |
18.750 |
12.453 |
9.119 |
|
Total Non-current
Liabilities (3) |
524.840 |
413.524 |
549.922 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
51.249 |
98.821 |
160.592 |
|
(b) Trade
payables |
137.323 |
24.867 |
52.917 |
|
(c) Other
current liabilities |
336.791 |
547.390 |
437.560 |
|
(d) Short-term
provisions |
13.639 |
9.182 |
13.788 |
|
Total Current
Liabilities (4) |
539.002 |
680.260 |
664.857 |
|
|
|
|
|
|
TOTAL |
1597.347 |
1583.559 |
1685.125 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
484.509 |
502.511 |
568.495 |
|
(ii)
Intangible Assets |
187.565 |
234.456 |
281.348 |
|
(iii)
Capital work-in-progress |
414.275 |
406.298 |
384.231 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.066 |
3.066 |
2.570 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
67.365 |
59.697 |
45.613 |
|
(e) Other
Non-current assets |
0.699 |
14.199 |
14.045 |
|
Total Non-Current Assets |
1157.479 |
1220.227 |
1296.302 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.052 |
0.052 |
0.054 |
|
(b)
Inventories |
10.280 |
10.353 |
9.304 |
|
(c) Trade
receivables |
72.876 |
27.503 |
30.561 |
|
(d) Cash and
cash equivalents |
21.318 |
0.518 |
42.233 |
|
(e)
Short-term loans and advances |
332.349 |
323.289 |
301.089 |
|
(f) Other
current assets |
2.993 |
1.617 |
5.582 |
|
Total
Current Assets |
439.868 |
363.332 |
388.823 |
|
|
|
|
|
|
TOTAL |
1597.347 |
1583.559 |
1685.125 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
836.727 |
343.991 |
567.346 |
|
|
|
Other Income |
16.725 |
17.083 |
21.296 |
|
|
|
TOTAL |
853.452 |
361.074 |
588.642 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
484.600 |
0.000 |
118.223 |
|
|
|
Sales Tax |
0.000 |
0.280 |
1.166 |
|
|
|
Excise Duty |
0.000 |
0.494 |
0.956 |
|
|
|
Employee Benefits Expenses |
56.286 |
42.927 |
43.312 |
|
|
|
Other Expenses |
93.376 |
78.641 |
114.462 |
|
|
|
TOTAL |
634.262 |
122.342 |
278.119 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
219.190 |
238.732 |
310.523 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
91.414 |
106.981 |
94.706 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
127.776 |
131.751 |
215.817 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
91.729 |
113.184 |
121.826 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION FOR
EARLIER YEARS WRITTEN OFF |
0.000 |
0.000 |
0.507 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
36.047 |
18.567 |
93.484 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(7.684) |
(0.862) |
20.250 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
43.731 |
19.429 |
73.234 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
484.600 |
0.800 |
108.103 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.44 |
8.63 |
32.55 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
342.495 |
209.076 |
|
Cash generated from operations |
NA |
82.070 |
180.987 |
|
Net cash flow from (used in) operations |
NA |
75.783 |
162.601 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin PAT / Sales |
(%) |
5.23 |
5.65 |
12.91 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
26.20 |
69.40 |
54.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
3.05 |
1.58 |
7.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.04 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.92 |
1.57 |
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82 |
0.53 |
0.58 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
22.500 |
22.500 |
22.500 |
|
Reserves & Surplus |
447.846 |
467.275 |
511.005 |
|
Net
worth |
470.346 |
489.775 |
533.505 |
|
|
|
|
|
|
long-term borrowings |
452.793 |
325.807 |
442.017 |
|
Short term borrowings |
160.592 |
98.821 |
51.249 |
|
Total
borrowings |
613.385 |
424.628 |
493.266 |
|
Debt/Equity
ratio |
1.304 |
0.867 |
0.925 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
567.346 |
343.991 |
836.727 |
|
|
|
(39.368) |
143.241 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
567.346 |
343.991 |
836.727 |
|
Profit |
73.234 |
19.429 |
43.731 |
|
|
12.91% |
5.65% |
5.23% |
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) |
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 |
Yes |
|
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 CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10589574 |
14/07/2015 |
25,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, I FLOOR, A WING,, MITTAL TOWERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C62818810 |
|
2 |
10521700 |
11/09/2014 |
40,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C21850581 |
|
3 |
10484232 |
19/06/2014 * |
400,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, I FLOOR, A WING,, MITTAL TOWERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C10193480 |
|
4 |
10438823 |
08/08/2013 * |
210,446,489.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B83689604 |
|
5 |
10271806 |
10/02/2011 |
142,600,000.00 |
AXIS BANK LIMITED |
TRISHUL
3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B06358055 |
|
6 |
10191559 |
27/08/2013 * |
600,000,000.00 |
AXIS BANK LIMITED |
GR
FLR, AXIS HOUSE, UNIT C-2, WADIA INTER. CENTRE, |
B84671007 |
|
7 |
10116394 |
19/06/2014 * |
120,000,000.00 |
AXIS BANK LIMITED |
CORPORATE
BANKING BRANCH, GROUND FLOOR, AXIS HOUSE, BOMBAY DYEING MILLS COMPOUND, P.B. MARG,
WORLI, |
C10192359 |
|
8 |
90144294 |
19/05/2003 * |
200,000,000.00 |
UTI BANK LIMITED |
FORT
BRANCH, SIR P.M. ROAD, MUMBAI, MAHARASHTRA - |
- |
|
9 |
90144117 |
02/12/2003 * |
250,000,000.00 |
UTI BANK LIMITED |
FORT
BRANCH, SIR P.M. ROAD, MUMBAI, MAHARASHTRA - |
- |
|
10 |
90143059 |
19/05/2003 * |
250,000,000.00 |
UTI BANK LIMITED |
FORT
BRANCH, SIR P.M. ROAD, MUMBAI, MAHARASHTRA - |
- |
*Date of modification Charges
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Electrical Installation
·
Computer
·
Vehicles
Intangible Assets
·
Iron Ore Rights
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.66.62 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
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.