MIRA INFORM REPORT
|
Report No. : |
302446 |
|
Report Date : |
13.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
JHAJHARIA NIRMAN LIMITED (w.e.f. 18.12.2013) |
|
|
|
|
Formerly Known
As : |
JHAJHARIA NIRMAN PRIVATE LIMITED |
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Registered Office
: |
WZ-688A, Shiv Nagar Extension, Jail Road, Janakpuri, New Delhi – 110058 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
20.03.2008 |
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Com. Reg. No.: |
55-175693 |
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Capital
Investment / Paid-up Capital : |
Rs.21.913 Millions |
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CIN No.: [Company Identification
No.] |
U45200DL2008PLC175693 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCJ9891J |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in earthwork, construction of main line railway tracks, platforms, pavements, bridges and embankments. |
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No. of Employees
: |
Information declined by the management |
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 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financials with government
department for the year 2014. As per available financial of 2013, the rating takes into
consideration established track record of the company in the infrastructure and
construction business with its presence for more than two decades supported
by sound financial base and fair profitability margins 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 condition. |
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 |
ICRA |
|
Rating |
Cash credit facility=BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
November, 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 DENIED
Management Non Co-operative (91-775-2419534)
LOCATIONS
|
Registered / Head Office : |
WZ-688A, Shiv Nagar Extension, Jail Road, Janakpuri, New Delhi – 110058, India |
|
Tel. No.: |
91-775-2419534 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Corporate Office : |
Jhajharia Mansion, Jagmal Block, Bilaspur – 495001, Chhattisgarh,
India |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Sushil Kumar Agrawal |
|
Designation : |
Managing Director |
|
Address : |
WZ-688A, Shiv Nagar Extension, Tilak Nagar, New Delhi – 110018, India |
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Date of Birth/Age : |
18.09.1966 |
|
Date of Appointment : |
20.03.2008 |
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DIN No.: |
01796320 |
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|
|
|
Name : |
Mrs. Binita Agrawal |
|
Designation : |
Director |
|
Address : |
WZ-688A, Shiv Nagar Extension, Tilak Nagar, New Delhi – 110018, India |
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Date of Birth/Age : |
25.12.1976 |
|
Date of Appointment : |
20.03.2008 |
|
DIN No.: |
01796258 |
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|
|
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Name : |
Mr. Kanhaiya Lal Agrawal |
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Designation : |
Director |
|
Address : |
WZ-688A, Shiv Nagar Extension, Tilak Nagar, New Delhi – 110018, India |
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Date of Birth/Age : |
18.07.1939 |
|
Date of Appointment : |
20.03.2008 |
|
DIN No.: |
02480521 |
MAJOR SHAREHOLDERS
AS ON 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Agrawal Binita |
91495 |
|
Agrawal Sushil |
1506202 |
|
Agrawal Kanhaiya Lal |
5000 |
|
Agrawal Vinap |
1000 |
|
Agrawal Saransh |
1000 |
|
Agrawal Kailash Kumar |
2500 |
|
Agrawal Simla |
3000 |
|
Sushil Kumar Agrawal and Sons |
2450 |
|
Vinsar Enterprises Private Limited |
578625 |
|
|
|
|
Total |
2191272 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2013
|
Category |
Percentage |
|
Bodies corporate |
26.00 |
|
Directors or relatives of Directors |
74.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in earthwork, construction of main line railway tracks, platforms, pavements, bridges and embankments. |
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Products / Services : |
·
Earthwork ·
Construction of Main Line Railway Tracks ·
Platforms ·
Pavements ·
Bridges and Embankments |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· Axis Bank Limited, Rama Trade Centre, Opposite Rajiv Plaza, Bilaspur – 495001, Chhattisgarh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Tata Capital Limited, One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India |
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Auditors : |
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Name : |
Deepak Rama and Company Chartered Accountants |
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Address : |
Near Railway Bridge, Manendragarh – 497442, Chhattisgarh, India |
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PAN No.: |
AEYPA8545C |
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Membership : |
-- |
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Joint
Ventures: |
· Jhajharia Arcon JV · Mesa Narula Jhajharia – JV · Rahee Jhajhariya - JV |
CAPITAL STRUCTURE
AS ON 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2200000 |
Equity Shares |
Rs.10/- each |
Rs.22.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
2191272 |
Equity Shares |
Rs.10/- each |
Rs.21.913 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
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|
|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
21.913 |
21.450 |
19.170 |
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(b) Reserves & Surplus |
114.893 |
87.968 |
55.500 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2) Share Application money pending
allotment |
0.000 |
5.800 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
136.806 |
115.218 |
74.670 |
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|
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(3)
Non-Current Liabilities |
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|
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|
(a) long-term borrowings |
14.073 |
19.424 |
9.072 |
|
(b) Deferred tax liabilities (Net) |
(4.264) |
(2.807) |
(2.038) |
|
(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) |
9.809 |
16.617 |
7.034 |
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(4)
Current Liabilities |
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|
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|
(a) Short
term borrowings |
2.486 |
22.015 |
37.665 |
|
(b) Trade payables |
125.936 |
95.654 |
44.059 |
|
(c) Other
current liabilities |
69.761 |
1.968 |
1.929 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
198.183 |
119.637 |
83.653 |
|
|
|
|
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TOTAL |
344.798 |
251.472 |
165.357 |
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II.
ASSETS |
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|
(1)
Non-current assets |
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(a) Fixed
Assets |
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|
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(i)
Tangible assets |
41.118 |
40.328 |
24.640 |
|
(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 |
92.758 |
73.603 |
59.897 |
|
(e) Other
Non-current assets |
74.761 |
37.972 |
48.325 |
|
Total Non-Current
Assets |
208.637 |
151.903 |
132.862 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
9.480 |
9.210 |
8.530 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
38.356 |
71.418 |
9.633 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
88.325 |
18.941 |
14.332 |
|
Total Current
Assets |
136.161 |
99.569 |
32.495 |
|
|
|
|
|
|
TOTAL |
344.798 |
251.472 |
165.357 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1353.704 |
897.244 |
|
|
|
|
Other Income |
5.382 |
3.256 |
|
|
|
|
TOTAL (A) |
1359.086 |
900.500 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
|
|
|
|
Purchase of Stock-in-trade |
979.690 |
457.538 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(0.270) |
(0.680) |
|
|
|
|
Employee Benefits Expenses |
191.325 |
173.001 |
|
|
|
|
Other Expenses |
145.629 |
238.573 |
|
|
|
|
TOTAL (B) |
1316.374 |
868.432 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
42.712 |
32.068 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.950 |
4.970 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
38.762 |
27.098 |
|
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
13.705 |
9.171 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
25.057 |
17.927 |
10.490 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.145 |
5.979 |
3.549 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
16.912 |
11.948 |
6.941 |
|
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|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.00 |
6.00 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
1.25 |
1.33 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.16 |
3.57 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.27 |
7.13 |
6.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.16 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
0.36 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.69 |
0.83 |
0.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
19.170 |
21.450 |
21.913 |
|
Reserves & Surplus |
55.500 |
87.968 |
114.893 |
|
Share Application money pending
allotment |
0.000 |
5.800 |
0.000 |
|
Net
worth |
74.670 |
115.218 |
136.806 |
|
|
|
|
|
|
long-term borrowings |
9.072 |
19.424 |
14.073 |
|
Short term borrowings |
37.665 |
22.015 |
2.486 |
|
Total
borrowings |
46.737 |
41.439 |
16.559 |
|
Debt/Equity
ratio |
0.626 |
0.360 |
0.121 |
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
two 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 |
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 |
Yes |
INDEX OF CHARGE:
|
SR. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10470454 |
16/12/2013 |
2,095,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B93604213 |
|
2 |
10468078 |
14/12/2013 |
1,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B92693704 |
|
3 |
10456655 |
19/09/2013 |
200,000,000.00 |
STATE BANK OF INDIA |
SME BRANCH, GALAXY HIGHTS, VIYAPAR VIHAR ROAD, BILASPUR, CHHATTISGARH - 494446, INDIA |
B88180781 |
|
4 |
10415975 |
28/02/2013 |
2,925,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B72048341 |
|
5 |
10330838 |
05/12/2011 |
150,000,000.00 |
AXIS BANK LIMITED |
RAMA
TRADE CENTRE, OPP RAJIV PLAZA, BILASPUR, CHH |
B30256887 |
|
6 |
10318762 |
29/10/2011 |
1,349,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B25708090 |
|
7 |
10318759 |
29/10/2011 |
1,600,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B25707894 |
|
8 |
10318753 |
18/10/2011 |
2,730,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B25707506 |
|
9 |
10306400 |
11/08/2011 |
150,000,000.00 |
AXIS BANK LTD |
RAMA TRADE CETRE, OPPOSITE RAJIV PLAZA, BILASPUR, CHHATTISGARH - 495001, INDIA |
B20597704 |
|
10 |
10257064 |
29/12/2010 |
7,750,000.00 |
DSC LIMITED |
E-9, 3RD FLOOR, SOUTH EXTENSION, PART-II, NEW DELHI, DELHI - 110049, INDIA |
B01865054 |
|
11 |
10257451 |
26/06/2012 * |
207,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B42737031 |
|
12 |
10205241 |
30/01/2010 |
1,746,000.00 |
TATA CAPITAL LIMITED |
ONE FORBES, DR V B GANDHI MARG,FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
A80127277 |
|
13 |
10195831 |
16/12/2009 |
6,524,000.00 |
AXIS BANK LIMITED |
BILASPUR BRANCH , RAMA TRADE CENTRE, OPPOSITE RAJIV PLAZA, BILASPUR, CHHATTISGARH - 495001, INDIA |
A76837905 |
|
14 |
10171267 |
27/06/2009 |
3,048,000.00 |
AXIS BANK LIMITED |
BILASPUR BRANCH, RAMA TRADE CENTRE, OPP RAJIV PLAZA , NEAR BUS STAND, BILASPUR, CHHATTISGARH - 495001, INDIA |
A68053164 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.16 |
|
|
1 |
Rs.94.28 |
|
Euro |
1 |
Rs.73.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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.