MIRA INFORM REPORT
|
Report No. : |
307105 |
|
Report Date : |
25.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRECIOUS MINERAL PROCESSING SYSTEMS PRIVATE LIMITED [w.e.f.
08.03.2011] |
|
|
|
|
Formerly Known
As : |
PRECIOUS FAB CAST PRIVATE LIMITED |
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|
|
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Registered
Office : |
4809, Phase – 4, GIDC, Near Water Tank, Vatva, Ahmedabad – 382445,
Gujarat |
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|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.12.1988 |
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|
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|
Com. Reg. No.: |
04-011611 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.3.050 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28939GJ1988PTC011611 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
AHMP01344A |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCP1437C |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of size Reduction Ball Mill, Size Reduction Pulverizer and
Material Handling Equipments. |
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|
No. of Employees
: |
40 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 19000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. There is a constant decline in the sales turnover and profitability of
the company. However, trade relations seems to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealing with some
caution. |
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 |
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Pravinbhai Agrawal |
|
Designation : |
Director |
|
Contact No.: |
91-79-25840315 |
|
Date : |
19.02.2015 |
LOCATIONS
|
Registered Office/ Factory : |
4809, Phase – 4, GIDC, Near Water Tank, Vatva, Ahmedabad – 382445,
Gujarat, India |
|
Tel. No.: |
91-79-25840315 / 25842237 |
|
Mobile No.: |
91-9998365202 / 9725038237 / 8376806314 [Mr. Nishesh Agrawal] |
|
Fax No.: |
91-79-25840026 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
DIRECTORS
As On 30.09.2014
|
Name : |
Mr. Nishesh Pravinbhai Agrawal |
|
Designation : |
Director |
|
Address : |
E/4, Alaknanda Society, Behind Civil Hospital, Shahibag, Ahmedabad –
380004, Gujarat, India |
|
Date of Birth/Age : |
20.08.1983 |
|
Date of Appointment : |
15.10.2009 |
|
DIN No.: |
02804317 |
|
Name : |
Mr. Pravinbhai Agrawal |
|
Designation : |
Director |
|
Address : |
E/4, Alaknanda Society, Behind Civil Hospital, Shahibag, Ahmedabad –
380004, Gujarat, India |
|
Date of Birth/Age : |
21.08.1954 |
|
Date of Appointment : |
09.12.1988 |
|
DIN No.: |
00313701 |
|
Name : |
Mrs. Chitra Pravin Agrawal |
|
Designation : |
Director |
|
Address : |
E/4, Alaknanda Society, Behind Civil Hospital, Shahibag, Ahmedabad –
380004, Gujarat, India |
|
Date of Birth/Age : |
22.09.1956 |
|
Date of Appointment : |
24.05.2004 |
|
DIN No.: |
00313731 |
KEY EXECUTIVES
|
Name : |
Parikh Dave and Associates |
|
Designation : |
Company Secretary |
|
Address : |
5- D, 5th Floor, Vardan Exclusive, Next to Vimal House,
Near Stadium Petrol Pump, Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26405454 |
|
Email: |
MAJOR SHAREHOLDERS
As On 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Pravinbhai Agrawal |
|
81970 |
|
Chitra Pravin Agrawal |
|
87980 |
|
Nishesh Pravinbhai Agrawal |
|
109500 |
|
Rameshwar Sahai Babulalji Govil |
|
5650 |
|
Priyanka Pravin Agrawal |
|
5000 |
|
Pravin Rameshwar Agrawal HUF |
|
14900 |
|
|
|
|
|
Total |
|
305000 |
As On 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of size Reduction Ball Mill, Size Reduction Pulverizer
and Material Handling Equipments. |
|
|
|
|
Products : |
·
Ball Mill ·
Continuous Ball Mill
·
Maruti Impact
Pulverizer ·
Micro Pulverizer ·
Spice Pulverizer ·
Ultra Fine Turbo
Mill ·
Jaw Crusher ·
Pre Crusher ·
Roll Crusher ·
Super Hammer Mill ·
Disintegrator ·
Vibrating Screen ·
Gyratory Siever
(Sifter) ·
U-Mixer cum Blender ·
Sigma Mixer ·
Spice Plant ·
Plaster of Paris
Plant ·
Mobile stone Unit ·
Stone Crushing and
Screening Plant ·
Steel Slag Crushing
Plant ·
Mineral Processing
Plant ·
Belt Conveyors ·
Hammer Crusher ·
Cattle Feed Plant ·
Pin Mill / Disc
Pulverizer ·
Bucket Elevator |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Machinery |
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Countries : |
·
Africa ·
Middle East ·
US |
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Imports : |
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Products : |
Raw Materials |
|
Countries : |
· Germany · Italy |
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Terms : |
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Selling : |
L/C and Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Cash, L/C and Credit (30 days / 60 days / 90 days) |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
End Users and OEMs |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
·
Bank of India, Vatva Industrial Estate Branch, Plot No.91/21, Phase- 1, GIDC
Industrial Estate, Vatva, Ahmedabad – 382445, Gujarat, India ·
HDFC Bank ·
State Bank of India, Vatva Branch, Ahmedabad – 382445, Gujarat, India |
||||||||||||||||||||||||
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Facilities : |
Cash Credit = Rs. 48.200 Millions
Note : The demand loans from Bank includes Working Capital Loans From Bank Rs.
6.076 Millions secured against all changeable current assets and by a
collateral security by way of charge on Collateral Security of Factory Land
and Building, at plot No. 4809, Phase – 4, GIDC, Near Water Tank, Vatva,
Ahmedabad – 382445, Gujarat, India, and also this term loans are guaranteed
by directors of the company. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
K. P. Sompura and Company Chartered Accountants |
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Address : |
2, “Shivam” Shayona Prasad Bunglow, Shayona City, R C Technical Road,
Ghatlodia, Ahmedabad – 380061, Gujarat, India |
|
Tel. No.: |
91-79-27663411 |
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Mobile: |
91-9825304497 |
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Email: |
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PAN No.: |
ACMPS6223R |
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Associates/Subsidiaries : |
· Chitra Precious Mechtech Private Limited Address : 4809, Phase –
4, GIDC, Near Water Tank, Vatva, Ahmedabad – 382445, Gujarat, India Activity: Manufacturer of machinery
[Used in industry like cement, ceramic, minerals etc.] |
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|
|
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Significant : |
· Chitr Pharma Machinery · Aprtcot Pharmacia · Techforce industries |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/-each |
Rs.5.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
305000 |
Equity Shares |
Rs.10/-each |
Rs.3.050 million |
|
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|
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 |
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|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.050 |
3.050 |
3.050 |
|
(b) Reserves &
Surplus |
3.518 |
3.479 |
3.375 |
|
(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) |
6.568 |
6.529 |
6.425 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
10.498 |
8.375 |
8.688 |
|
(b) Deferred tax
liabilities (Net) |
0.159 |
0.008 |
0.019 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
10.657 |
8.383 |
8.707 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4.917 |
6.076 |
7.718 |
|
(b) Trade payables |
4.805 |
12.438 |
5.648 |
|
(c) Other current
liabilities |
5.496 |
7.343 |
7.065 |
|
(d) Short-term provisions |
0.179 |
0.055 |
0.000 |
|
Total Current Liabilities
(4) |
15.397 |
25.912 |
20.431 |
|
|
|
|
|
|
TOTAL |
32.622 |
40.824 |
35.563 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.419 |
4.044 |
3.371 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.919 |
2.832 |
4.532 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
9.338 |
6.876 |
7.903 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
12.307 |
13.523 |
14.538 |
|
(c) Trade receivables |
10.244 |
19.417 |
10.528 |
|
(d) Cash and cash
equivalents |
0.286 |
0.832 |
0.439 |
|
(e) Short-term loans and
advances |
0.447 |
0.176 |
2.155 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
23.284 |
33.948 |
27.660 |
|
|
|
|
|
|
TOTAL |
32.622 |
40.824 |
35.563 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
29.683 |
34.025 |
28.522 |
|
|
Other Income |
0.787 |
1.138 |
2.424 |
|
|
TOTAL (A) |
30.470 |
35.163 |
30.946 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
18.571 |
25.694 |
21.776 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.646 |
(0.021) |
(3.132) |
|
|
Employees benefits
expense |
4.319 |
4.282 |
4.172 |
|
|
Other expenses |
3.233 |
3.782 |
5.502 |
|
|
TOTAL (B) |
27.769 |
33.737 |
28.318 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
2.701 |
1.426 |
2.628 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
1.666 |
0.657 |
1.440 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.035 |
0.769 |
1.188 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.626 |
0.469 |
0.558 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
0.409 |
0.300 |
0.630 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.369 |
0.197 |
0.210 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
0.040 |
0.103 |
0.420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1.779 |
0.433 |
NIL |
|
|
TOTAL EARNINGS |
1.779 |
0.433 |
NIL |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.13 |
0.34 |
1.38 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
0.13 |
0.30 |
1.47 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
9.10 |
4.19 |
9.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.25 |
0.73 |
1.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.05 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.35 |
2.21 |
2.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.51 |
1.31 |
1.35 |
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 |
3.050 |
3.050 |
3.050 |
|
Reserves & Surplus |
3.375 |
3.479 |
3.518 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
6.425 |
6.529 |
6.568 |
|
|
|
|
|
|
long-term borrowings |
8.688 |
8.375 |
10.498 |
|
Short term borrowings |
7.718 |
6.076 |
4.917 |
|
Total borrowings |
16.406 |
14.451 |
15.415 |
|
Debt/Equity ratio |
2.553 |
2.213 |
2.347 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
28.522 |
34.025 |
29.683 |
|
|
|
19.294 |
-12.761 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
28.522 |
34.025 |
29.683 |
|
Profit |
0.420 |
0.103 |
0.040 |
|
|
1.47% |
0.30% |
0.13% |
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 |
Yes |
|
9] |
Name
of person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
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 |
Yes |
|
20] |
Export
/ Import details (if applicable) |
Yes |
|
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 |
No |
|
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 |
No |
UNSECURED LOANS
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Long Term
Borrowing |
|
|
|
Loans From Other Parties |
0.035 |
0.035 |
|
Loans and Advance From Related Parties |
9.810 |
7.110 |
|
Short Term
Borrowing |
|
|
|
Loans Repayable on Demand from Banks |
0.000 |
0.083 |
|
|
|
|
|
Total |
9.845 |
7.228 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90110449 |
19/09/2013 * |
48,200,000.00 |
Bank of India |
Vatva Industrial
Estate Branch, 91/21, Vatva Ind. |
B86942471 |
|
2 |
90112727 |
17/08/2005 * |
1,250,000.00 |
BANK OF INDIA |
VATVA INDUSTIRAL
ESTATE BRANCH, AHMEDABAD, Gujarat |
- |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Air Conditioner
·
Air Cooler
·
Camera
·
Plant and Machinery
·
Furniture and Fixtures
·
Computer and Printer
·
Office Equipments
·
Electrical Installations and Fittings
·
Car
·
Scooter
·
Pager
·
Fax Machine
·
Type Writer
·
Mobile Phones
·
Weight Scale
·
Attendance Machine
·
Vehicle
·
Pallet Truck
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.62.45 |
|
|
1 |
Rs.102.01 |
|
Euro |
1 |
Rs.84.35 |
INFORMATION DETAILS
|
Information Gathered
by : |
SLN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.