MIRA INFORM REPORT
|
Report No. : |
306013 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
D AND H SECHERON ELECTRODES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
213D / 215D, Vishnu Shopping Centre, Plot No.37, Sector - 15,
CBD Belapur, Navi Mumbai – 400614, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.06.1965 |
|
|
|
|
Com. Reg. No.: |
11-164343 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 69.232 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32101MH1965PTC164343 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLD00066D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD6111E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and sale of Industrial Welding Electrodes
and Consumables. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales turnover of the company has declined which has resulted into dip
in profit of the company during financial year 2014. However, the rating takes into consideration long track record of
DSEPL in its core business of manufacturing welding consumables supported by
sound financial base and fair liquidity position of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
ICRA |
|
Rating |
Cash Credit : “BBB” |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
October, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
LC/BG: “A3+” |
|
Rating Explanation |
Moderate degree of safety and high credit
risk. |
|
Date |
October, 2013 |
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
31-03-2014.
LOCATIONS
|
Registered Office : |
213D / 215D, Vishnu Shopping Centre, Plot No.37, Sector -
15, CBD Belapur, Navi Mumbai – 400614, Maharashtra, India |
|
Tel. No.: |
91-22-27561339 / 27561798 / 41264646 / 27561798 |
|
Fax No.: |
91-22-27561299 / 41254605 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Merchant Chambers, 5th Floor, West Wing, 41 New Marine
Lines, Opposite Patkar Hall, Mumbai - 400020, |
|
Tel. No.: |
91-22-40428112 / 40428100 / 22037663 / 40428100 |
|
Fax No.: |
91-22-40428101 / 22037664 |
|
E-Mail : |
|
|
|
|
|
Factory 1: |
44-46, Industrial Estate Kila Maidan, Post Bag No. 3, Indore - 452006,
Madhya Pradesh, India |
|
Tel. No.: |
91-731-2412331 / 37 |
|
Fax No.: |
91-731-2412338 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Village: Dakachya, |
|
Tel. No.: |
91-731-2309001 / 2805253 / 2805083 |
|
Fax No.: |
91-731-2805188 |
|
|
|
|
Branch Offices: |
Located At: ·
Mumbai ·
Nashik ·
·
Vasai ·
Ahmedabad ·
·
Gandhidham ·
·
·
Pune ·
Kolkata ·
·
·
·
Angul ·
Jharsuguda ·
Guwahati ·
·
·
·
·
·
Secundrabad ·
Vizag ·
Chennai ·
·
Neyveli ·
Trichy ·
·
·
Mangalore ·
·
·
Sitapur ·
Anpara ·
Korba ·
Bilaspur ·
Bhilai ·
Satna ·
·
Bokaro ·
·
Chittorgarh ·
·
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Murli Dhar Khatri |
|
Designation : |
Managing Director |
|
Address : |
184-Kalani Nagar, Aerodrome Road, Indore - 452005, Madhya Pradesh, India. |
|
Date of Birth/Age : |
08.03.1940 |
|
Date of Appointment : |
01.07.2006 |
|
PAN No.: |
ADNPK8159J |
|
DIN No.: |
00064698 |
|
|
|
|
Name : |
Mr. Arvind A. Maheshwari |
|
Designation : |
Whole-time director |
|
Address : |
22, Maket Tower, “I” Cuffe Parade, Mumbai - 400005, Maharashtra, India. |
|
Date of Birth/Age : |
23.11.1971 |
|
Qualification : |
B. E. |
|
Experience : |
15 Years |
|
Date of Appointment : |
12.06.2003 |
|
PAN No.: |
AABPM4271G |
|
DIN No.: |
00094313 |
|
|
|
|
Name : |
Mr. Ashok H. Maheshwarri |
|
Designation : |
Whole-time director |
|
Address : |
21-22, Maket Tower, “I” Cuffe Parade, Mumbai - 400005, Maharashtra, India. |
|
Date of Birth/Age : |
12.04.1946 |
|
Qualification : |
B.Com, LLB, C.A. |
|
Experience : |
43 Years |
|
Date of Appointment : |
14.06.1986 |
|
DIN No.: |
00094358 |
|
|
|
|
Name : |
Mrs. Suman Maheshwari |
|
Designation : |
Whole-time director |
|
Address : |
21-22, Maket Tower, “I” Cuffe Parade, Mumbai - 400005, Maharashtra, India. |
|
Date of Birth/Age : |
10.05.1950 |
|
Qualification : |
Graduate |
|
Experience : |
27 Years |
|
Date of Appointment : |
17.07.1986 |
|
PAN No.: |
AABPM4269J |
|
Voter ID No. : |
MT-04-019-057203 |
|
DIN No.: |
00094423 |
|
|
|
|
Name : |
Mr. Parasmal Mogra |
|
Designation : |
Whole-time director |
|
Address : |
60, New Dewas Road, Indore - 452003, Madhya Pradesh, India. |
|
Date of Birth/Age : |
01.06.1952 |
|
Date of Appointment : |
01.07.2006 |
|
DIN No.: |
00264164 |
KEY EXECUTIVES
|
Name : |
Mr. Sumit Jindal |
|
Designation : |
Secretary |
|
Address : |
403-B, Highway Tower, Navlakha, AB Road, Indore – 452001, Madhya
Pradesh, India |
|
Date of Birth/Age : |
12.12.1987 |
|
Date of Appointment : |
12.08.2013 |
|
PAN No.: |
AXCPJ8866G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Sam Holding ( |
191024 |
|
Sam Farms and Foods Private Limited, India |
177203 |
|
Sam Project Developers Private Limited, India |
174420 |
|
Sam Spintex Limited, India |
30281 |
|
Dwekam Weldtech Private Limited, India |
42573 |
|
Celestial Commercial Private Limited, India |
5542 |
|
Sam Capital Market Limited, India |
22584 |
|
Sam Hoteliers and Resorts Private Limited, India |
23614 |
|
Steward Trading and Investment Private Limited, India |
7084 |
|
Suman A. Maheshwari Geetanjali A. Maheshwari |
3288 |
|
Suman A. Maheshwari Seema A. Maheshwari |
2976 |
|
Arav A Maheshwari |
510 |
|
Arvind A. Maheshwari “HUF” |
9756 |
|
Ashutosh Maheshwari “HUF” |
1465 |
|
Total |
692320 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
97.40 |
|
Directors or relatives of Directors |
2.39 |
|
Other top fifty shareholders |
0.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and sale of Industrial Welding Electrodes
and Consumables. |
||||||
|
|
|
||||||
|
Products : |
|
||||||
|
|
|
||||||
|
Brand Names : |
Not Available |
||||||
|
|
|
||||||
|
Agencies Held : |
Not Available |
||||||
|
|
|
||||||
|
Exports : |
Not Available |
||||||
|
|
|
||||||
|
Imports : |
Not Available |
||||||
|
|
|
||||||
|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· Union Bank of India, Union Loan Point, 2/2, Old Palasiya, IKDC Campus, Indore - 452001, Madhya Pradesh, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution: |
· Fullerton India Credit Company Limited, Megh Towers, 3rd Floor, Old No. 307, New No. 165, Poonmallee High Road, Maduraoyal, Chennai – 600095, Tamilnadu, India · 3i Infotech Trusteeship Services Limited, 3rd to 6th floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
G V Rangnekar and Company Chartered Accountants |
|
Address : |
128 Mahankal Road, Opposite Mahankaleshwar Temple, Rangna Building, Indore, Madhya Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFG4195R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Companies Holding more
than 20% Equity Shares : |
·
Sam Farms and Foods Private Limited ·
Sam Holdings (Bombay) Private Limited ·
Sam Project developers Private Limited |
|
|
|
|
Subsidiary
Companies : |
·
D and H Secheron Overseas Limited, Isle of
Man, UK |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
990000 |
Equity Share |
Rs.100/- Each |
Rs. 99.000 Millions |
|
10000 |
Preference Share |
Rs.100/-Each |
Rs. 1.000 Million |
|
|
Total |
|
Rs. 100.000 Millions |
Issued Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
985800 |
Equity Shares |
Rs.100/- each |
Rs. 98.580 Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
692320 |
Equity Shares |
Rs.100/- each |
Rs. 69.232 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
69.232 |
69.232 |
69.232 |
|
(b) Reserves & Surplus |
384.813 |
365.895 |
318.599 |
|
(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) |
454.045 |
435.127 |
387.831 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
87.351 |
128.031 |
84.408 |
|
(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 |
16.766 |
23.625 |
18.625 |
|
Total
Non-current Liabilities (3) |
104.117 |
151.656 |
103.033 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
194.550 |
147.695 |
203.099 |
|
(b) Trade payables |
340.058 |
303.975 |
270.536 |
|
(c) Other current liabilities |
153.635 |
149.931 |
170.903 |
|
(d) Short-term provisions |
14.492 |
31.961 |
14.128 |
|
Total
Current Liabilities (4) |
702.735 |
633.562 |
658.666 |
|
|
|
|
|
|
TOTAL |
1260.897 |
1220.345 |
1149.530 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
238.011 |
237.078 |
235.980 |
|
(ii) Intangible Assets |
0.645 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
91.034 |
26.290 |
44.831 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
207.054 |
209.468 |
209.132 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
60.806 |
121.839 |
98.260 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
597.550 |
594.675 |
588.203 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
287.705 |
351.074 |
335.594 |
|
(c) Trade receivables |
167.495 |
171.998 |
138.467 |
|
(d) Cash and cash equivalents |
26.615 |
41.591 |
16.919 |
|
(e) Short-term loans and
advances |
181.027 |
60.321 |
69.472 |
|
(f) Other current assets |
0.505 |
0.686 |
0.875 |
|
Total
Current Assets |
663.347 |
625.670 |
561.327 |
|
|
|
|
|
|
TOTAL |
1260.897 |
1220.345 |
1149.530 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2243.616 |
2454.688 |
2450.735 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
178.906 |
2358.888 |
2376.276 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
64.710 |
95.800 |
74.459 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
20.996 |
31.082 |
24.158 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
43.714 |
64.718 |
50.301 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEAR’S
INCOME/PROVISION WRITTEN BACK |
0.000 |
5.127 |
12.662 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
57.519 |
37.113 |
23.288 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
15.000 |
30.000 |
30.000 |
|
|
|
Interim Dividend |
18.692 |
0.000 |
12.314 |
|
|
|
Tax on Interim Dividend |
3.176 |
0.000 |
1.997 |
|
|
|
Dividend |
0.000 |
16.615 |
4.154 |
|
|
|
Tax on Dividend |
0.000 |
2.824 |
0.673 |
|
|
BALANCE CARRIED
TO THE B/S |
64.365 |
57.519 |
37.113 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
116.760 |
77.387 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
63.14 |
93.48 |
72.66 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.72 |
9.73 |
8.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.22 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
0.63 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.94 |
0.99 |
0.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
69.232 |
69.232 |
69.232 |
|
Reserves & Surplus |
318.599 |
365.895 |
384.813 |
|
Net
worth |
387.831 |
435.127 |
454.045 |
|
|
|
|
|
|
long-term borrowings |
84.408 |
128.031 |
87.351 |
|
Short term borrowings |
203.099 |
147.695 |
194.550 |
|
Total
borrowings |
287.507 |
275.726 |
281.901 |
|
Debt/Equity
ratio |
0.741 |
0.634 |
0.621 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total income |
2450.735 |
2454.688 |
2243.616 |
|
|
|
0.161 |
-8.599 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total income |
2450.735 |
2454.688 |
2243.616 |
|
Profit |
50.301 |
64.718 |
43.714 |
|
|
2.05% |
2.64% |
1.95% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CHANGE OF ADDRESS
Registered office of the company has been shifted from 44/46, Industrial Estate, Kila Maidan, Indore, Madhya Pradesh, India to the present address w.e.f. 03.08.2006
PERFORMANCE
The year, the company has performed under increasing competition and also in the difficult year for economy as a whole, Therefore the turnover of the company has gone down slightly by approx 9.31% in comparison to last financial year.
Total cost of goods produced reduced by about 17.53% in comparison to last financial year however effectively cost of goods produced is reduced by 8.22% looking to the reduction of 9.31% in current year Turnover. Employees Benefits expenses increased by 8.40%. Selling and Distribution expenses have reduced by 13.41%. The Management is keeping the controllable costs under control. The Directors are pleased to inform that upgradation and modernization is continuously going on in the company whereby additional machineries have been procured/ installed at different units in order to keep the company compatible to all kinds of competition.
FUTURE OUTLOOK
With ongoing efforts at the management end and visible improvement in the sentiments of overall Indian economy, The Directors are hopeful for better performance of the company in the year 2014-2015. The company would be able to properly and effectively wither away competition which may arise in near future. The Directors are very much hopeful of bright performances in the years to come.
CORPORATE
INFORMATION
The Company is engaged in the business of manufacturing and sale of Industrial Welding Electrodes and Consumables. The Manufacturing Facilities are situated at Indore which is Business Capital of State of Madhya Pradesh.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
18.917 |
20.157 |
|
Deposits from others |
0.000 |
6.970 |
|
Intercorporate deposits |
0.000 |
9.180 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from banks |
1.240 |
1.112 |
|
Intercorporate borrowings |
38.881 |
0.000 |
|
Other loans and advances |
0.000 |
18.900 |
|
Total |
59.038 |
56.319 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10495530 |
27/03/2014 |
900,000.00 |
UNION BANK OF INDIA |
B/6 AGARWAL PLAZA,HIG MAIN ROAD, INDORE (M.P), INDORE, MADHYA PRADESH - 452001, INDIA |
C04724662 |
|
2 |
10410423 |
24/01/2013 |
295,000.00 |
UNION BANK OF INDIA |
UNION LOAN POINT, 2/2, OLD PALASIYA, IKDC CAMPUS, INDORE, MADHYA PRADESH - 452001, INDIA |
B70299391 |
|
3 |
10410407 |
24/01/2013 |
360,000.00 |
UNION BANK OF INDIA |
UNION LOAN POINT, 2/2, OLD PALASIYA, IKDC CAMPUS, INDORE, MADHYA PRADESH - 452001, INDIA |
B70292842 |
|
4 |
10403253 |
21/01/2013 |
481,000.00 |
UNION BANK OF INDIA |
UNION LOAN POINT, 2/2, OLD PALASIYA, IKDC CAMPUS, INDORE, MADHYA PRADESH - 452018, INDIA |
B68220888 |
|
5 |
10403256 |
21/01/2013 |
732,000.00 |
UNION BANK OF INDIA |
UNION LOAN POINT, 2/2, OLD PALASIYA, IKDC CAMPUS, INDORE, MADHYA PRADESH - 452018, INDIA |
B68221217 |
|
6 |
10387928 |
31/10/2012 |
50,000,000.00 |
FULLERTON INDIA CREDIT COMPANY LIMITED |
MEGH TOWERS, THIRD
FLOOR, OLD NO-307, NEW NO-165, POONAMALLEE HIGH ROAD, MADURAVOYAL, CHENNAI,
TA |
B62537188 |
|
7 |
10008273 |
25/11/2014 * |
230,000,000.00 |
UNION BANK OF INDIA |
1/3, MURAI MOHALLA,
SANYOGITA GANJ, INDORE, MADHY |
C37372414 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
Intangible assets
- Computer software
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.61.68 |
|
|
1 |
Rs.93.53 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.