MIRA INFORM REPORT
|
Report Date : |
01.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
VACMET INDIA LIMITED (w.e.f 10.09.2009) |
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|
|
|
Formerly Known
As : |
VACMET PACKAGINGS
( |
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Registered
Office : |
Anant Plaza, IInd Floor, 4/117-2A, Civil Lines, Church
Road, Agra – 282002, Uttar Pradesh |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
03.03.1993 |
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Com. Reg. No.: |
20-034039 |
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Capital Investment
/ Paid-up Capital : |
Rs.142.889 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U74899UP1993PLC034039 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AGRV10053B |
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PAN No.: [Permanent Account No.] |
AAACV5120B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Polyester Film |
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No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6800000 |
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|
Status : |
Satisfactory |
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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 satisfactory track record. General financial position of the company is normal and acceptable for
business dealing. Trade relations are reported as fair. Business is active. Payment term
are reported to be usually correct. The company can be considered normal 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
CRISIL |
|
Rating |
Long Term Rating (BBB-) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
November 27, 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.
INFORMATION PARTED BY
|
Name : |
Mr. Govind |
|
Designation : |
DGM Finance |
|
Contact No.: |
91-562-2585466 |
|
Date : |
31.12.2014 |
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-562-2525466/ 4050400 / 4050401 |
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Fax No.: |
91-562-2151188/2851128 |
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E-Mail : |
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Website : |
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Factory : |
110 Km Stone, Delhi National Highway, Chhata, District Mahtura –
281401, Uttar Pradesh, India |
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Branch Office: |
104/106, Tribuvan Complex, New Friends Colony, Mathura Road, New
Delhi, India |
DIRECTORS
As on: 26.09.2014
|
Name : |
Mrs. Agarwal Rekha |
|
Designation : |
Director |
|
Address : |
4/117 E, Civil Lines, Church Road, Agra – 282003, Uttar Pradesh, India
|
|
Date of Birth/Age : |
05.11.1952 |
|
Date of Appointment : |
26.09.2014 |
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DIN No.: |
01826912 |
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Name : |
Mr. Dinesh Chand Agarwal |
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Designation : |
Managing Director |
|
Address : |
4/117 E, Civil Lines, Church Road, Agra-282002, |
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Date of Birth/Age : |
15.01.1949 |
|
Date of Appointment : |
01.12.2012 |
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DIN No.: |
00472703 |
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|
|
Name : |
Mr. Suresh H Chand Agarwal |
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Designation : |
Director |
|
Address : |
4/117 D, Civil Lines, Church Road, Agra-282002, |
|
Date of Birth/Age : |
08.05.1942 |
|
Date of Appointment : |
03.03.1993 |
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DIN No.: |
00472773 |
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Name : |
Mr. Padam Chand Agarwal |
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Designation : |
Whole-Time Director |
|
Address : |
4/117 B, Civil Lines, Church Road, Agra-282002, |
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Date of Birth/Age : |
08.03.1944 |
|
Date of Appointment : |
01.01.2012 |
|
DIN No.: |
00007191 |
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Name : |
Mr. Raj Narain Agarwal |
|
Designation : |
Director |
|
Address : |
4/117 C, Civil Lines, Church Road, Agra-282002, |
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Date of Birth/Age : |
05.05.1947 |
|
Date of Appointment : |
01.07.2010 |
|
DIN No.: |
00472736 |
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|
Name : |
Mr. Mayank Agarwal |
|
Designation : |
Director |
|
Address : |
4/117 E, Civil Lines, Church Road, Agra-282002, |
|
Date of Birth/Age : |
12.11.1976 |
|
Date of Appointment : |
24.03.2014 |
|
DIN No.: |
00513665 |
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|
|
|
Name : |
Mr. Nitin Agarwal |
|
Designation : |
Whole-time director |
|
Address : |
4/117 C, Civil Lines, Church Road, Agra-282002, |
|
Date of Birth/Age : |
22.07.1969 |
|
Date of Appointment : |
24.03.2014 |
|
DIN No.: |
01826926 |
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|
Name : |
Mr. Rahul Agarwal |
|
Designation : |
Whole-time director |
|
Address : |
4/117 C, Civil Lines, Church Road, Agra-282002, |
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Date of Birth/Age : |
02.05.1970 |
|
Date of Appointment : |
24.03.2014 |
|
DIN No.: |
01232503 |
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|
Name : |
Mr. Rajesh Kumar Srivastava |
|
Designation : |
Director |
|
Address : |
S-376, Ground Floor, Panchshila Park, New Delhi – 110017, India |
|
Date of Birth/Age : |
20.03.1957 |
|
Date of Appointment : |
12.08.2011 |
|
DIN No.: |
00302223 |
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|
Name : |
Mr. Siddharth Lal |
|
Designation : |
Director |
|
Address : |
12, Ishwar Nagar, New Delhi – 110065, India |
|
Date of Birth/Age : |
09.04.1976 |
|
Date of Appointment : |
12.08.2011 |
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DIN No.: |
03312590 |
KEY EXECUTIVES
|
Name : |
Mr. Govind |
|
Designation : |
DGM Finance |
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|
Name : |
Mr. Ambrish Dwivedi |
|
Designation : |
Secretary |
|
Address : |
117-L-205, Naveen Nagar, Kakadeo, Kanpur – 208025, Uttar Pradesh,
India |
|
Date of Birth/Age : |
31.05.1981 |
|
Date of Appointment : |
06.04.2012 |
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PAN No. : |
AJHPD2631A |
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|
|
|
Name : |
Mr. Ambrish Dwivedi |
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Designation : |
Company Secretary |
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|
Name : |
Mr. Nawab Singh |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Dinesh Chand Agarwal |
|
3989000 |
|
Raj Narain Agarwal |
|
1345000 |
|
Suresh Chand Agarwal |
|
554500 |
|
Padam Chand Agarwal |
|
195500 |
|
Nitin Agarwal |
|
205000 |
|
Rahul Agarwal |
|
190500 |
|
Mayank Agarwal |
|
170814 |
|
Shailendra Agarwal |
|
133000 |
|
|
|
20000 |
|
Umesh Agarwal |
|
68000 |
|
Bimla Agarwal |
|
23000 |
|
Sudha Agarwal |
|
29000 |
|
Sangeeta Agarwal |
|
25000 |
|
Rekha Agarwal |
|
42000 |
|
Shalini Agarwal |
|
67000 |
|
Neeta Agarwal |
|
23000 |
|
Rajni Agarwal |
|
15000 |
|
Manoj Agarwal |
|
32000 |
|
Pawan Agarwal |
|
23000 |
|
Deepak Agarwal |
|
25000 |
|
Manjuri Agarwal |
|
83500 |
|
Kirti Agarwal |
|
25000 |
|
Swati Agarwal |
|
10000 |
|
Priyanka Agarwal |
|
15000 |
|
Ravi Agarwal |
|
17000 |
|
Shilpa Agarwal |
|
1000000 |
|
Vacmet Finance and Investments Limited, India |
|
1050000 |
|
KMC Portfolio
Private Limited, India |
|
1350000 |
|
Ganpati Fincap
Services Private Limited, India |
|
250000 |
|
Shushre Securities
Private Limited, India |
|
200100 |
|
India Agri Business Fund Limited, India |
|
3102062 |
|
Real Trust, India |
|
10895 |
|
TOTAL |
|
14288871 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companies(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
21.70 |
|
Bodies corporate |
20.03 |
|
Directors or relatives of Directors |
58.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Polyester Film |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
European Country |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesaler and Retailers and Manufacturer
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No. of Employees : |
600 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors 1 : |
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|
Name : |
Tondon Mital and Associates Chartered Accountants |
|
Address : |
F-5, |
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Tel. No.: |
91-562-4004525/ 2526449/ 3298751 |
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PAN.: |
AAAFT8324N |
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|
|
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Auditors 2 : |
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|
Name : |
Walker Chandiok and Company Chartered Accountants |
|
Address : |
L-41, Connaught Circus, New Delhi - 110001, India |
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PAN.: |
AAAFW4298E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Entities where significant
influence is exercised by Key Management Personnel and/ or their relatives
having transactions with the Company: |
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|
Subsidiary company
: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14288871 |
Equity Shares |
Rs.10/- each |
Rs.142.889
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 |
142.889 |
142.889 |
142.889 |
|
(b) Reserves & Surplus |
2223.252 |
2086.645 |
2076.916 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
1.276 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2366.141 |
2229.534 |
2221.081 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2377.669 |
2619.321 |
2495.878 |
|
(b) Deferred tax liabilities
(Net) |
278.705 |
193.654 |
189.507 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.469 |
2.356 |
1.903 |
|
Total
Non-current Liabilities (3) |
2660.843 |
2815.331 |
2687.288 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1208.574 |
674.032 |
653.201 |
|
(b) Trade payables |
337.287 |
378.073 |
197.397 |
|
(c) Other current liabilities |
1373.661 |
890.725 |
872.303 |
|
(d) Short-term provisions |
0.652 |
1.756 |
0.273 |
|
Total
Current Liabilities (4) |
2920.174 |
1944.586 |
1723.174 |
|
|
|
|
|
|
TOTAL |
7947.158 |
6989.451 |
6631.543 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
5353.206 |
5328.723 |
3247.661 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
15.934 |
50.095 |
1805.320 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.812 |
0.812 |
0.812 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
151.999 |
60.556 |
82.262 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
5521.951 |
5440.186 |
5136.055 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
847.169 |
614.317 |
510.410 |
|
(c) Trade receivables |
893.310 |
527.885 |
363.674 |
|
(d) Cash and cash equivalents |
463.217 |
180.068 |
418.226 |
|
(e) Short-term loans and
advances |
153.888 |
176.428 |
171.536 |
|
(f) Other current assets |
67.623 |
50.567 |
31.642 |
|
Total
Current Assets |
2425.207 |
1549.265 |
1495.488 |
|
|
|
|
|
|
TOTAL |
7947.158 |
6989.451 |
6631.543 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
10268.419 |
7226.208 |
4579.149 |
|
|
|
Other Income |
16.481 |
23.014 |
52.010 |
|
|
|
TOTAL (A) |
10284.900 |
7249.222 |
4631.159 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
7246.809 |
5366.193 |
3294.922 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(99.914) |
(27.536) |
(120.547) |
|
|
|
Employee benefit expense |
224.222 |
160.514 |
108.928 |
|
|
|
Other expenses |
1849.414 |
1457.783 |
1061.309 |
|
|
|
Prior period items |
0.000 |
0.167 |
0.000 |
|
|
|
Exceptional Items |
0.000 |
(253.625) |
0.000 |
|
|
|
TOTAL (B) |
9220.531 |
6703.496 |
4344.612 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1064.369 |
545.726 |
286.547 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
193.728 |
201.218 |
121.141 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
870.641 |
344.508 |
165.406 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
648.937 |
331.800 |
254.405 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
221.704 |
12.708 |
(88.999) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
85.097 |
4.255 |
(29.594) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
136.607 |
8.453 |
(59.405) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
2914.940 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /(Loss)
Per Share (Rs.) |
9.56 |
0.59 |
(4.34) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.33 |
0.12 |
(1.30) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.37 |
7.55 |
6.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.80 |
0.18 |
(1.84) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.01 |
(0.04) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.52 |
1.48 |
1.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
0.80 |
0.87 |
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 |
142.889 |
142.889 |
142.889 |
|
Reserves & Surplus |
2076.916 |
2086.645 |
2223.252 |
|
Money
received against share warrants |
1.276 |
0.000 |
0.000 |
|
Net worth |
2221.081 |
2229.534 |
2366.141 |
|
|
|
|
|
|
long-term borrowings |
2495.878 |
2619.321 |
2377.669 |
|
Short term borrowings |
653.201 |
674.032 |
1208.574 |
|
Total borrowings |
3149.079 |
3293.353 |
3586.243 |
|
Debt/Equity ratio |
1.418 |
1.477 |
1.516 |
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) |
|
Sales |
4579.149 |
7226.208 |
10268.419 |
|
|
|
57.807 |
42.100 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
4579.149 |
7226.208 |
10268.419 |
|
Profit |
(59.405) |
8.453 |
136.607 |
|
|
(1.30%) |
0.12% |
1.33% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 |
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from directors |
61.368 |
69.010 |
|
|
|
|
|
Total |
61.368 |
69.010 |
OUTLOOK OF PACKAGING:
The outlook of the Packaging Industry both National and International level looks robust. As per recent reports from the PCI, BOPET is expected to grow at 8.3% for next five years. This would result in 1.34 million tonnes of more BOPET being required in the market place in next five years. Ease of use packaging will have phenomenal growth in next 3-5 years. Flexible Packaging due to the fact that it uses less shelf space gets more preference than any other packaging medium. Green packaging and or recyclable material is also getting importance. Companies are very much focused towards products which are environmental friendly and do not pose risk to the environment. However, it is not an easy task to recycle flexible packaging material of multiple layers, still lot of efforts are to be made in this direction.
CORPORATE INFORMATION
The company is engaged in production of Polyester film and BOPP film with its manufacturing units located at Chhata, Mathura. The Company has three converting units for manufacturing of metallising films and speciality coated films and paper. The company exports to more than 50 countries across the global directly, through their associates and through wholly owned subsidiary (Vacmet Europe limited) in United Kingdom.
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10265848 |
19/03/2013 * |
764,067,465.00 |
LANDESBANK
BADEN-WURTTEMBERG |
AM HAUPTBAHNHOF
2, 70173 STUTTGART, FEDERAL REPUB |
B73727059 |
|
2 |
10264946 |
10/02/2011 |
146,218,275.00 |
LANDESBANK BADEN-
WURTTEMBERG |
AM HAUPTBAHNOF 2,
70173 STUTTGART, FEDERAL REPUBLIC OF GERMANY, STUTTGART, - D70173, GERMANY |
B05559257 |
|
3 |
10207664 |
18/03/2010 |
86,072,360.00 |
LANDESBANK
BADEN-WURTTEMBERG |
AM HAUPTBAHNHOF 2,
70173 STUTTGART, FEDERAL REPUBLIC OF GERMANY, STUTTGART, - D70173, GERMANY |
A81820862 |
|
4 |
10207661 |
18/03/2010 |
850,043,860.00 |
LANDESBANK
BADEN-WURTTEMBERG |
AM HAUPTBAHNHOF 2,
70173 STUTTGART, FEDERAL REPUBLIC OF GERMANY, STUTTGART, - D70173, GERMANY |
A81820318 |
|
5 |
10194647 |
07/01/2010 |
326,500,000.00 |
ALLAHABAD BANK |
NEW AGRA BRANCH,,
C - 2 / 48, KAMLA NAGAR,, AGRA, |
A76857598 |
|
6 |
10189026 |
17/11/2009 |
71,500,000.00 |
BANK OF BARODA |
IBB BRANCH, 13,,
M.G. ROAD, AGRA, UTTAR PRADESH - |
A74769340 |
|
7 |
80000134 |
23/03/2013 * |
2,855,800,000.00 |
BANK OF BARODA |
INTERNATIONAL BUSINESS
BRANCH, JEEVAN PRAKASH LIC |
B71184378 |
|
8 |
80009136 |
27/07/2006 * |
15,000,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH, 13,M.G.ROAD,, AGRA |
- |
|
9 |
90034431 |
22/12/1997 |
742,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH, M.G. ROAD, AGRA, UTTAR PRADESH, INDIA |
- |
|
10 |
90034169 |
27/11/1997 * |
5,000,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH, M.G ROAD, AGRA, UTTAR PRADESH, INDIA |
- |
Date of charge modification
FIXED ASSETS:
- Land
- Building
- Plant and Machinery
- Furniture and Fixture
- Electric Fittings
- Vehicles
- Motor Car
- Leasehold improvements
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.63.33 |
|
|
1 |
Rs.98.58 |
|
Euro |
1 |
Rs.77.04 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
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 |
|
42 |
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.