MIRA
INFORM REPORT
|
Report No. : |
353476 |
|
Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIMAL PLAST ( |
|
|
|
|
Registered
Office : |
Flat No. 5, Plot No. 7&8, Community Centre, Naraina Industrial Area, Phase-I, New Delhi – 110028 |
|
Tel. No.: |
91-9811088001 (Mr. Satish Batra) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
30.12.1983 |
|
|
|
|
Com. Reg. No.: |
55-017237 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.89.688 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1983PTC017237 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELV05107E / DELV04517C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV0531E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing, develop, import, export, buy, sell, distribute, transfer, lease, hire, license. use dispose-off, operate, fabricate, construct, assemble, record maintain, repair, recondition, work alter, convert, improve, procure, install, modify and to act as consultant agent, broker, franchiser, job work, facility management, representative, advisor or otherwise to deal in all kinds of Compact Disc. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (17) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
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Litigation : |
Exists |
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|
Comments : |
Subject is an established company incorporated in the year 1983. It
has moderate track. For the financial year ended 2014, the company has moderate
operational activity marked by huge losses incurred. Rating is constrained on account of company’s weak financial base
along with high debt levels. Further, the company is listed with RBI
defaulter and defaulted hefty amount with Chinatrust Commercial Bank Limited
in the year 2013. Business is active. Payments are slow. The company can be considered for business dealings on fully safe and
secure 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 has been found enlisted as a defaulter
in the publicly available RBI Defaulters’ list and the details of the same
areas under:
Suit-filed accounts of Rs.10.000 Million and
above as on 08-Dec-2015
Borrower’s details
|
Borrower name |
Vimal Plast (India)
Private Limited |
|
Address |
B-104/3, Naraina Industrial Area, Phase-1, New Delhi – 110028, India |
Name of Directors Reported by Credit
Grantors Filing the Suit:
|
Sr. No. |
Directors Reported by Credit Grantors |
DIN Number |
||
|
CHINATRUST
COMMERCIAL BANK LIMITED |
||||
|
1 |
Dipti Tilak |
|
||
|
2 |
Satish Batra |
5517 |
||
|
3 |
Vimla Batra |
71763 |
||
List of Credit
Grantors to which Vimal Plast (India) Private Limited is a defaulter:
|
Names of Credit Grantors |
Branch |
Amount |
|
CHINATRUST COMMERCIAL BANK LIMITED |
NEW DELHI |
95.500 |
|
|
Total |
95.500 |
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 DENIED BY
|
Name : |
Mr. Satish Batra |
|
Designation : |
Director |
|
Contact No.: |
91-9811088001 |
|
Date : |
05.12.2015 |
LOCATIONS
|
Registered Office : |
Flat No. 5, Plot No. 7&8, Community Centre, Naraina Industrial Area, Phase-I, New Delhi – 110028, India |
|
Tel. No.: |
91-11-45710552 |
|
Mobile No.: |
91-9811088001 (Mr. Satish Batra) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
B-104/3, Naraina Industrial area Phase I, New Delhi – 110028, India |
|
Tel. No.: |
91-11-65491393/ 94 / 64529646 / 25796675 |
|
Fax No.: |
91-11-25895276 |
|
|
|
|
Manufacturing Unit
: |
Plot No. 3, Udyog Vihar, Greater Noida, District Gautam Budh Nagar – 201305, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4016175 |
|
Fax No.: |
91-120-4206402 |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Satish Batra |
|
Designation : |
Director |
|
Address : |
GB-12, Shivaji Enclave, New Delhi - 110027, India |
|
Date of Birth/Age : |
24.07.1953 |
|
Date of Appointment : |
13.12.1983 |
|
PAN No.: |
AAGPB7871G |
|
DIN No.: |
00005517 |
|
|
|
|
Name : |
Mr. Vimla Batra |
|
Designation : |
Director |
|
Address : |
D/E- 112, Tagore Garden, New Delhi - 110027, India |
|
Date of Birth/Age : |
01.01.1930 |
|
Date of Appointment : |
30.04.1998 |
|
DIN No.: |
00071763 |
MAJOR SHAREHOLDERS
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Satish Batra |
|
81750 |
|
Kusum Batra |
|
15000 |
|
Satish Batra and Sons |
|
28000 |
|
Gourav Batra |
|
3000 |
|
Harish Batra |
|
173750 |
|
Anju Batra |
|
1000 |
|
Sahil Batra |
|
1500 |
|
Sourabh Batra |
|
2500 |
|
Harish Batra and Sons |
|
37000 |
|
Jyoti Batra |
|
1000 |
|
Avnish Batra |
|
85750 |
|
Sangeeta Batra |
|
30000 |
|
Kunver Batra |
|
1000 |
|
Avnish Batra and Sons |
|
11000 |
|
Vimla Batra |
|
15000 |
|
K. R. Batra and Sons |
|
18000 |
|
Vimal Industries Private Limited, India |
|
38625 |
|
Vimal Resorts (India) Private Limited, India |
|
113000 |
|
Arjun Buildwell Private Limited, India |
|
89000 |
|
Triple Ess Infrastructure Private Limited, India |
|
89000 |
|
Vimal Moulders (India) Private Limited, India |
|
62000 |
|
Total |
|
896875 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
43.67 |
|
Directors or relatives of Directors |
56.33 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20353476%2010-Dec-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing, develop, import, export, buy, sell, distribute, transfer, lease, hire, license. use dispose-off, operate, fabricate, construct, assemble, record maintain, repair, recondition, work alter, convert, improve, procure, install, modify and to act as consultant agent, broker, franchiser, job work, facility management, representative, advisor or otherwise to deal in all kinds of Compact Disc. (Registered Activity) |
|
|
|
|
Products : |
Compact Disc |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
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|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
·
Samsung |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
A Taneja and Company Chartered Accountants |
|
Address : |
E-192, Ground Floor, Naraina Vihar, Delhi - 110028, India |
|
PAN No.: |
ADBPT3533B |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
· Vimal Industries Private Limited, India · Arjun Buildwell Private Limited, India · Bhawna Synthetics Private Limited, India · Vimal Moulders (India) Private Limited, India |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Vimal Industries, India · Harish Batra and Sons, India |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
896875 |
Equity Shares |
Rs.100/-
each |
Rs.89.688
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 |
89.688 |
89.688 |
70.000 |
|
(b) Reserves &
Surplus |
9.511 |
26.772 |
41.395 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.194 |
6.494 |
78.944 |
|
Total Shareholders’ Funds
(1) + (2) |
99.393 |
122.954 |
190.339 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
474.910 |
333.225 |
216.010 |
|
(b) Deferred tax
liabilities (Net) |
39.191 |
39.831 |
41.357 |
|
(c) Other long term
liabilities |
0.210 |
0.210 |
0.210 |
|
(d) long-term provisions |
0.395 |
0.934 |
0.582 |
|
Total Non-current
Liabilities (3) |
514.706 |
374.200 |
258.159 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
381.772 |
576.008 |
477.012 |
|
(b) Trade payables |
91.298 |
102.934 |
84.220 |
|
(c) Other current
liabilities |
101.309 |
20.512 |
16.834 |
|
(d) Short-term provisions |
0.338 |
0.458 |
1.115 |
|
Total Current Liabilities
(4) |
574.717 |
699.912 |
579.181 |
|
|
|
|
|
|
TOTAL |
1188.816 |
1197.066 |
1027.679 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
588.787 |
320.741 |
313.257 |
|
(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 |
17.300 |
17.300 |
17.300 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
22.484 |
26.430 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
628.571 |
364.471 |
330.557 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
297.476 |
536.867 |
417.962 |
|
(c) Trade receivables |
136.246 |
169.147 |
198.134 |
|
(d) Cash and cash
equivalents |
0.688 |
0.905 |
9.617 |
|
(e) Short-term loans and
advances |
125.835 |
125.676 |
71.409 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
560.245 |
832.595 |
697.122 |
|
|
|
|
|
|
TOTAL |
1188.816 |
1197.066 |
1027.679 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
972.666 |
896.556 |
|
|
|
Other Income |
6.387 |
2.981 |
|
|
|
TOTAL |
979.053 |
899.537 |
1286.837 |
|
|
|
|
|
|
|
Less |
EXPENSES |
1176.160 |
834.939 |
1362.915 |
|
|
|
|
|
(Including Depreciation
and Financial Expenses) |
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(197.107) |
64.598 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
87.270 |
107.447 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(284.377) |
(42.849) |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
28.071 |
32.266 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(312.448) |
(75.115) |
(76.078) |
|
|
|
|
|
|
|
Less |
TAX |
(0.528) |
(1.429) |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(311.920) |
(73.686) |
(76.078) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(34.754) |
38.932 |
115.010 |
|
|
|
|
|
|
|
Add |
Prior Year Adjustment |
2.372 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(344.302) |
(34.754) |
38.932 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(347.78) |
(82.15) |
(84.82) |
%20PRIVATE%20LIMITED%20-%20353476%2010-Dec-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20353476%2010-Dec-2015_files/image004.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 operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(32.07) |
(8.22) |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
(20.26) |
7.21 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(26.67) |
(6.37) |
(7.53) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(3.14) |
(0.61) |
(0.40) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
8.62 |
7.39 |
3.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
1.19 |
1.20 |
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 |
70.000 |
89.688 |
89.688 |
|
Reserves & Surplus |
41.395 |
26.772 |
9.511 |
|
Share Application money
pending allotment |
78.944 |
6.494 |
0.194 |
|
Net worth |
190.339 |
122.954 |
99.393 |
|
|
|
|
|
|
long-term borrowings |
216.010 |
333.225 |
474.910 |
|
Short term borrowings |
477.012 |
576.008 |
381.772 |
|
Total borrowings |
693.022 |
909.233 |
856.682 |
|
Debt/Equity ratio |
3.641 |
7.395 |
8.619 |
%20PRIVATE%20LIMITED%20-%20353476%2010-Dec-2015_files/image006.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 Income |
1286.837 |
899.537 |
979.053 |
|
|
|
(30.097) |
8.840 |
%20PRIVATE%20LIMITED%20-%20353476%2010-Dec-2015_files/image008.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) |
|
Total Income |
1286.837 |
899.537 |
979.053 |
|
Profit |
(76.078) |
(73.686) |
(311.920) |
|
|
(5.91%) |
(8.19%) |
(31.86%) |
%20PRIVATE%20LIMITED%20-%20353476%2010-Dec-2015_files/image010.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
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 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 |
Yes |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
IN THE HIGH COURT
OF DELHI AT NEW DELHI CO.PET. 863/2015
AND CA Nos.3440-42/2015 GROUPE SEB INDIA
PRIVATE LIMITED..... Petitioner Through Mr. J. S.
Bakshi, Mr. A. S. Bakshi, Advocates And Mr. Ankush
Sharma (AD). versus VIMAL PLAST INDIA PRIVATE
LIMITED..... Respondent Through CORAM: HON'BLE MR.
JUSTICE SUDERSHAN KUMAR MISRA ORDER 23.11.2015 Hon’ble Judge is
not holding the Court today. Re-notify on
20.01.2016. COURT MASTER NOVEMBER 23, 2015 dr |
OPERATIONAL
PERFORMANCE
The directors would like to inform you that your company has earned total revenue of Rs. 979.053 Million during the financial year ended on 31st March, 2014 as compared to the total revenue of Rs. 899.536 Million earned during the previous year ended on 31st March, 2013.
Further, the director would like to inform you that during the year ended on 31st March, 2014 the Company has incurred expenses of Rs. 1291.502 Million as compared to the expenses of Rs. 974.651 Million incurred during the previous year ended on 31st March, 2013.
Further, the Directors are making persistent efforts to revive the Company and develop it into a profitable avenue. Economically viable business ventures are being sought for, in order to generate business revenue and reduce business costs.
Nonetheless, the Directors call for an unconditional support from all its Members so that their Company could come out as a commercially sound and cash-rich organization in years to come.
CORPORATE INFORMATION
The main objects for which the company was incorporated is to manufacturing, develop, import, export, buy, sell, distribute, transfer, lease, hire, license. use dispose-off, operate, fabricate, construct, assemble, record maintain, repair, recondition, work alter, convert, improve, procure, install, modify and to act as consultant agent, broker, franchiser, job work, facility management, representative, advisor or otherwise to deal in all kinds of Compact Disc. Compact Disc Recordable, Digital Video Disc, Video Compact Disc, computer, calculators, Micro Processors, electronic and electrical apparatuses, software’s, equipment, gadgets, peripherals, Moulds, auxiliary instruments, tools, plants, machines, works, systems conveniences.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate Borrowings |
101.480 |
73.249 |
|
Loans and advances from others |
149.099 |
137.975 |
|
Total |
250.579 |
211.224 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10481038 |
04/02/2014 |
40,000,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B97806046 |
|
2 |
10388301 |
04/02/2014 * |
215,300,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B97830368 |
|
3 |
10360109 |
01/06/2012 |
27,500,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B41416546 |
|
4 |
10354637 |
05/05/2012 |
18,000,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B39299599 |
|
5 |
10352812 |
23/04/2012 |
15,000,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B38627584 |
|
6 |
10352809 |
21/04/2012 |
15,000,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B38627097 |
|
7 |
10352808 |
17/04/2012 |
45,000,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B38626578 |
|
8 |
10346631 |
26/03/2012 |
10,000,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B36682318 |
|
9 |
10345925 |
20/03/2012 |
10,000,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B36444982 |
|
10 |
10345939 |
16/03/2012 |
27,000,000.00 |
Canara Bank |
Tagore Garden, New Delhi - 110027, INDIA |
B36449577 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
--- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
YES |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
17 |
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.