MIRA INFORM REPORT
|
Report Date : |
02.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
A.T. TRADE OVERSEAS PRIVATE LIMITED [w.e.f.04.06.2010] |
|
|
|
|
Formerly Known
As : |
A. T. TEXTILES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
74/80, Babu Genu Road, New Hanuman Lane, 3rd Floor,
Kalbadevi Road, Mumbai – 400002, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.08.1997 |
|
|
|
|
Com. Reg. No.: |
11-110234 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.289
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1997PTC110234 |
|
|
|
|
IEC No.: |
0307016501 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA7944A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Textiles and Importer of Coal, Coke, Iron ore, Pellets etc. |
|
|
|
|
No. of Employees
: |
12 [Approximately] [10 in Office, 2 in Branch] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. The company
performance has also improved compare to previous year. The rating also takes into consideration extensive industry experience
of the company’s promoters. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitments. 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 |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
September 5, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
September 5, 2014 |
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. Ramesh Jaju |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9821966110 |
LOCATIONS
|
Registered Office : |
74/80, Babu Genu Road, New Hanuman Lane, 3rd Floor,
Kalbadevi Road, Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22067609/ 22086819/ 32408337/ 26861981/ 26864449 |
|
Mobile No.: |
91-9821966110 [Mr. Ramesh Jaju] |
|
Fax No.: |
91-22-22091591 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
601, A-Wing, Cello Triumph, I.B. Patel Road, Goregaon (East), Mumbai –
400089, Maharashtra, India |
|
Tel. No.: |
91-22-67256387/ 67256386 |
|
Fax No.: |
91-22-26861980 |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Sandeep Kumar Hisaria |
|
Designation : |
Director |
|
Address : |
130/04, Raheja Sherwood, Tower Canary Heights, W.E.
Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
17.12.1968 |
|
Qualification : |
Graduate |
|
Experience : |
25 Years |
|
Date of Appointment : |
21.08.1997 |
|
PAN No.: |
AAAPH3095A |
|
DIN No.: |
00190632 |
|
|
|
|
Name : |
Mr. Sawarmal Hisaria |
|
Designation : |
Director |
|
Address : |
130/04, Raheja Sherwood, Tower Canary Heights, W.E.
Highway, Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
30.10.1947 |
|
Qualification : |
Graduate |
|
Experience : |
46 Years |
|
Date of Appointment : |
15.03.2007 |
|
PAN No.: |
AAAPH8346L |
|
DIN No.: |
01381676 |
KEY EXECUTIVES
|
Name : |
Mr. Ramesh Jaju |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 31.03.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Hisaria Kumar Sandeep |
|
202364 |
|
Gupta Ajay |
|
66667 |
|
Gupta Shobha |
|
35000 |
|
Sunflower Schools Solutions Private Limited, India |
|
41667 |
|
P S Chamankar Property Developers Private Limited, India |
|
100000 |
|
Anjani Towers Private Limited |
|
100000 |
|
Names of Preference Shareholder |
|
No. of Shares |
|
Jain Fulchand Basant |
|
173333 |
|
Total |
|
173333 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
31.09 |
|
Directors
or relatives of directors |
44.44 |
|
Other
top fifty shareholders |
24.47 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Textiles and Importer of Coal, Coke, Iron ore, Pellets etc. |
|
||||
|
|
|
|
||||
|
Products/ Services : |
|
|
||||
|
|
|
|
||||
|
Brand Names : |
Not Divulged |
|||||
|
|
|
|||||
|
Agencies Held : |
Not Divulged |
|||||
|
|
|
|||||
|
Exports : |
Not Divulged |
|||||
|
|
|
|
||||
|
Imports : |
|
|
||||
|
Products : |
Coal, Scrap, Iron Ore, Billet and HRC etc. |
|
||||
|
Countries : |
·
Indonesia ·
Korea ·
Australia ·
Singapore ·
China etc. |
|
||||
|
|
|
|
||||
|
Terms : |
|
|
||||
|
Selling : |
Credit |
|
||||
|
|
|
|
||||
|
Purchasing : |
Credit |
|
||||
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||
|
|
|
||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||
|
|
|
|
|||||||||||||||||||
|
No. of Employees : |
12 [Approximately] [10 in Office, 2 in Branch] |
|
|||||||||||||||||||
|
|
|
|
|||||||||||||||||||
|
Bankers : |
· Union Bank of India Kalbadevi Branch, Acharya M. V. Foundation Building, 32, Dadi Seth Agiary Lane, Kalbadevi Road,, Mumbai - 400002, Maharashtra, India · Bank of Maharashtra Industrial Finance Branch, Apeejay House, Dr. V. B. Gandhi Marg,
Fort, Mumbai - 400001, Maharashtra, India · United Bank of India Overseas (Mumbai) Branch, U.B.I. BLDG, 1st Floor, 25, Sir P.M.
Road, Mumbai - 400001, Maharashtra, India · UCO Bank Flagship Corporate Branch, UCO Bank Building, DR. D.N Road, Fort, Mumbai - 400001, Maharashtra, India ·
Allahabad Bank IFB Branch, Ground Floor, Mittal Chambers, Nariman Point, Mumbai –
400021, Maharashtra, India |
|
|||||||||||||||||||
|
|
|
|
|||||||||||||||||||
|
Facilities : |
Credit Limit = Rs. 300.000 Millions [From Allahabad Bank] Credit Limit = Rs. 500.000 Millions [From Union Bank of India] Credit Limit = Rs. 300.000 Millions [From UCO Bank] Credit Limit = Rs. 400.000 Millions [From United Bank of India]
|
|
|||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Ashish Maheshwari and Associates Chartered Accountants |
|
Address : |
B206, Ashoka Super Market, S V Road, Near Patkar College,
Goregeon [West], Mumbai – 400062, Maharashtra, India |
|
Telefax : |
91-22-40214818 |
|
Mobile No.: |
91-9833935124 |
|
Income-tax
PAN of auditor or auditor's firm : |
AHYPM2377B |
|
|
|
|
Relative of key
management personnel and
person with voting power control : |
Ameet Enterprises |
|
|
|
|
Voting power
control : |
· P.S. Chamankar Property Developers Private Limited ·
Sunflower School Solutions Private Limited |
|
|
|
|
Significant influence
of key management personnel and person with voting power control : |
· H.K. Enterprises 74-80, Babu Genu Road, Kalbadevi, Mumbai – 400002, Maharashtra, India Activity: Trader of Imported Bulk Commodities. · P.R. Enterprises 74-80, Babu Genu Road, Kalbadevi, Mumbai – 400002, Maharashtra, India Activity: Trader of Imported Bulk Commodities. · Lotus Tie up Private Limited · Octral Trexim Private Limited · Satyanarayan Sawarmal and Company |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 35.000 Millions |
|
250,000 |
Preference Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
|
|
Total
|
|
Rs. 37.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
555,601 |
Equity Shares |
Rs. 10/- each |
Rs. 5.556
Millions |
|
173,333 |
Preference Shares |
Rs. 10/- each |
Rs. 1.733
Millions |
|
|
Total
|
|
Rs. 7.289 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 |
7.289 |
6.289 |
6.289 |
|
(b) Reserves & Surplus |
90.399 |
54.365 |
42.397 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
12.500 |
25.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
110.188 |
85.654 |
48.686 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
275.100 |
235.545 |
180.550 |
|
(b) Deferred tax liabilities (Net) |
0.767 |
0.121 |
0.083 |
|
(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) |
275.867 |
235.666 |
180.633 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.266 |
61.818 |
118.511 |
|
(b)
Trade payables |
670.495 |
858.165 |
807.279 |
|
(c)
Other current liabilities |
42.420 |
5.330 |
17.167 |
|
(d)
Short-term provisions |
11.100 |
5.600 |
3.650 |
|
Total
Current Liabilities (4) |
724.281 |
930.913 |
946.607 |
|
|
|
|
|
|
TOTAL |
1110.336 |
1252.233 |
1175.926 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
24.892 |
2.076 |
1.111 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
24.892 |
2.076 |
1.111 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
25.000 |
40.000 |
0.000 |
|
(b)
Inventories |
20.106 |
90.184 |
21.524 |
|
(c)
Trade receivables |
486.729 |
566.636 |
657.285 |
|
(d)
Cash and cash equivalents |
486.336 |
497.610 |
491.220 |
|
(e)
Short-term loans and advances |
67.273 |
55.727 |
4.786 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1085.444 |
1250.157 |
1174.815 |
|
|
|
|
|
|
TOTAL |
1110.336 |
1252.233 |
1175.926 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3338.886 |
2499.237 |
2073.691 |
|
|
|
Interest from Operating activity |
53.681 |
99.253 |
18.730 |
|
|
|
Other Income |
1.622 |
1.883 |
0.000 |
|
|
|
TOTAL (A) |
3394.189 |
2600.373 |
2092.421 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
3205.240 |
2542.181 |
2051.390 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
70.079 |
(68.660) |
7.246 |
|
|
|
Employees benefits expense |
1.409 |
1.313 |
1.427 |
|
|
|
Other expenses |
3.451 |
5.631 |
4.782 |
|
|
|
TOTAL (B) |
3280.179 |
2480.465 |
2064.845 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
114.010 |
119.908 |
27.576 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
77.117 |
101.850 |
16.735 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
36.893 |
18.058 |
10.841 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.620 |
0.231 |
0.101 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
36.273 |
17.827 |
10.740 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
11.740 |
5.859 |
3.675 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
24.533 |
11.968 |
7.065 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
53.82 |
26.27 |
19.85 |
|
Expected Sales (2014-2015): Rs. 4000.000 Millions
The above information has been parted by Mr. Ramesh Jaju (Accounts
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
0.73 |
0.48 |
0.34 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.41 |
4.80 |
1.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.27 |
1.42 |
0.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.21 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.50 |
3.47 |
6.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
1.34 |
1.24 |
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 |
6.289 |
6.289 |
7.289 |
|
Reserves & Surplus |
42.397 |
54.365 |
90.399 |
|
Share Application money pending allotment |
0.000 |
25.000 |
12.500 |
|
Net
worth |
48.686 |
85.654 |
110.188 |
|
|
|
|
|
|
long-term borrowings |
180.550 |
235.545 |
275.100 |
|
Short term borrowings |
118.511 |
61.818 |
0.266 |
|
Total
borrowings |
299.061 |
297.363 |
275.366 |
|
Debt/Equity ratio |
6.143 |
3.472 |
2.499 |
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 |
2073.691 |
2499.237 |
3338.886 |
|
|
|
20.521 |
33.596 |
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 |
2073.691 |
2499.237 |
3338.886 |
|
Profit |
7.065 |
11.968 |
24.533 |
|
|
0.34% |
0.48% |
0.73% |
LOCAL AGENCY FURTHER INFORMATION
Current Maturities of Long Term Debts: Not Available
|
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
Yes |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10429922 |
13/04/2013 |
200,000,000.00 |
UNION BANK OF INDIA |
KALBADEVI BRANCH, ACHARYA M. V. FOUNDATION BLDG., 32, DADI SETH AGIARY LANE, KALBADEVI ROAD, MUMBAI, Maharashtra - 400002, INDIA |
B76646967 |
|
2 |
10389852 |
07/11/2012 |
200,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, APEEJAY HOUSE, DR. V. B. GANDHI MARG. FORT, MUMBAI, Maharashtra - 400001, INDIA |
B63277446 |
|
3 |
10374433 |
09/08/2012 |
400,000,000.00 |
UNITED BANK OF INDIA |
OVERSEAS (MUMBAI)
BRANCH, U.B.I. BLDG, 1ST FLOOR, |
B57248239 |
|
4 |
10333114 |
07/07/2014 * |
500,000,000.00 |
UNION BANK OF INDIA |
KALBADEVI BRANCH, ACHARYA M. V. FOUNDATION BLDG., 32, DADI SETH AGIARY LANE, KALBADEVI ROAD, MUMBAI, Maharashtra - 400002, INDIA |
C14472310 |
|
5 |
10326428 |
26/02/2013 * |
300,000,000.00 |
UCO BANK |
FLAGSHIP CORPORATE
BRANCH, UCO BANK BUILDING,, DR |
B69539344 |
|
6 |
10052655 |
24/05/2011 * |
300,000,000.00 |
ALLAHABAD BANK |
International Branch, T-4, World Trade Center, Cuffe Parade, MUMBAI, Maharashtra - 400005, INDIA |
B16666844 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
From Related Parties |
0.000 |
14.000 |
|
From Other [Inter Corporate Deposit] |
275.100 |
221.545 |
|
|
|
|
|
Total |
275.100 |
235.545 |
TRADE REFERENCES
1)
Sona Alloys Private Limited
Address: Medi-Max House, 4th
Floor, Opposite Karnavati Hospital, Ellisbridge, Ahmedabad – 380006, Gujarat,
India
Contact
Person: Mr. Amit Jain
Tel.
No.: 91-79-400071604
Mobile
No.: 91-9879584516
2)
Bhushan Steel Limited
Address: Bhushan Centre,
Hyatt Regency Complex, Bhikaji Cama Place, New Delhi – 110066, India
Contact
Person: Mr. Pankaj Tiwari
Mobile
No.: 91-9811779955
3)
Shree Durga Iron and Steel Company Limited
Address: 101/102,
Sagarika, 89, Juhu Tara Road, Santacruz [West], Mumbai – 400049, Maharashtra,
India
Contact
Person: Mr. Rajkumar Agarwal
Tel
No.: 91-22-67084881
Mobile
No.: 91-9322229660
FIXED ASSETS:
· Furniture and fixtures
· Motor vehicles
· Office equipment
· Computer
· Office
· Other equipments
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. 63.32 |
|
|
1 |
Rs. 98.64 |
|
Euro |
1 |
Rs. 76.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
HET |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SHG |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.