MIRA INFORM REPORT
|
Report No. : |
302967 |
|
Report Date : |
15.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
WELLKNOWN POLYESTERS LIMITED |
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Registered
Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400 021, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.10.1996 |
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Com. Reg. No.: |
11-103477 |
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Capital
Investment / Paid-up Capital : |
Rs. 224.720 Millions |
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|
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CIN No.: [Company Identification
No.] |
U17114MH1996PLC103477 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACW1018K |
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Legal Form : |
A Closely Held Public Limited liability Company. |
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Line of Business
: |
Manufacturer of polyester filament yarn. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
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 : |
Exists |
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Comments : |
Subject is an established company having satisfactory track record. Financial position of the company is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB+ (Suspended) |
|
Rating Explanation |
Have Moderate degree of safety and carry moderate credit risk |
|
Date |
July 10, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A2 (Suspended) |
|
Rating Explanation |
Have strong degree of safety and carry low credit risk |
|
Date |
July 10, 2013 |
Reason for suspension
The suspension of rating is on account of
non-cooperation by WPL with CRSIL’s efforts to undertake a review of the rating
outstanding.
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. Anil Katrecha |
|
Designation : |
Manager |
|
Contact No.: |
91-22-66207000 |
|
Date : |
13.01.2015 |
LOCATIONS
|
Registered Office/ Corporate Office : |
14th Floor, “B” Wing, Nirmal, 241/242, Backbay Reclamation,
Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22070054/ 66207000 |
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Fax No.: |
91-22-22070054/ 66207050 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Factory: |
Plot No.178, 185, Dabhel Industrial Co-operative Society Limited, Nani Daman, Daman – 396210, India |
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E-Mail : |
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Branch Office 1 : |
D/423 International Trade Centre, Majura Gate, Surat, Gujarat, India |
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Tel No.: |
91-261-3255945 |
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Fax No.: |
91-261-3927155 |
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Branch Office 2 : |
145C, Dr. Viegas Street, 4th Floor, Kalbadevi Road, Mumbai
– 400002, Maharashtra, India |
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Branch Office 3 : |
B-XX-2707, 3rd Floor, Navrang Building, Pakhiwal Road,
Opposite Nehru Sidhant Kinder, Ludhiana – 141001, Punjab, India |
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Branch Office 4 : |
12/5-1, First Floor, Swarnapuri Garden, Rakklyapalayam, Avinashi – 641654,
Tirupur, Indi a |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Anil Madanlal Gupta |
|
Designation : |
Managing Director |
|
Address : |
9/41, |
|
Date of Birth/Age : |
01.09.1964 |
|
Date of Appointment : |
01.04.2012 |
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DIN No.: |
01376458 |
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|
|
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Name : |
Mr. Ashok Madanlal Gupta |
|
Designation : |
Whole Time Director |
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Address : |
2/7, |
|
Date of Birth/Age : |
30.09.1959 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
01510569 |
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Name : |
Mrs. Latadevi Madanlal Gupta |
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Designation : |
Director |
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Address : |
9/41, |
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Date of Birth/Age : |
12.01.1939 |
|
Date of Appointment : |
29.09.2009 |
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DIN No.: |
02489852 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Katrecha |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Equity Shareholders |
No. of Shares |
|
Anil M. Gupta |
2407419 |
|
Anil M Gupta, Karta, HUF |
123776 |
|
Ashok M. Gupta, Karta, HUF |
37607 |
|
Charulata Gupta |
1121157 |
|
Latadevi Gupta |
542 |
|
Madanlal Gupta Karta, HUF |
38860 |
|
Rahul A. Gupta |
1288560 |
|
Saakshi A. Gupta |
21310 |
|
Wellknown Hitech Projects Private Limited, |
53049 |
|
Wellknown Technologies Private Limited, India |
1205208 |
|
Wellknown Textiles Industries
Private Limited, |
5913907 |
|
Total |
12211395 |
|
Names of Preference Shareholders |
No. of Shares |
|
Anil M. Gupta |
1377 |
|
Anil M Gupta, Karta, HUF |
60 |
|
Ashok M. Gupta, Karta, HUF |
103 |
|
Charulata Gupta |
245 |
|
Madanlal Gupta Karta, HUF |
269 |
|
Rahul A. Gupta |
633 |
|
Saakshi A. Gupta |
435 |
|
Wellknown Hitech Projects Private Limited, |
267939 |
|
Wellknown Technologies Private Limited, India |
355000 |
|
Wellknown Textiles Industries
Private Limited, |
200000 |
|
Total
|
826061 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
41.27 |
|
Other top fifty shareholders |
58.73 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of polyester filament yarn. |
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Products : |
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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 : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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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 |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Others
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No. of Employees : |
300 (Approximately) |
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Bankers : |
·
Commonwealth Bank of Australia Mumbai Branch Hoechst House, Level 2 Nariman Point,
Mumbai – 400021, Maharashtra, India ·
Andhra Bank 18, Homi Modi Street, Nanavati
Mahalaya, Fort, Mumbai - 400021, Maharashtra, India ·
Axis Bank Limited Corporate Banking Branch, Axis
House, Bombay Dyieng Mills Compound, P B Marg, Worli, Mumbai – 400025,
Maharashtra, India ·
Indian Overseas Bank Nariman Point Branch,
'Bakhtawar', Nariman Point, Mumbai – 400021, Maharashtra, India ·
State Bank of India IFB, Natraj Building, 102,
1st Floor, 194, Sir M V Road Western Express Highway, Andheri (East), Mumbai
– 400069, Maharashtra, India |
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Facilities : |
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Auditors : |
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Name : |
Mittal and Associates Chartered Accountants |
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Address : |
471/B Astral Centre, N.M. Joshi Marg, Chinchpokli West, Mumbai,
Maharashtra, India |
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PAN No.: |
AAAFM9559Q |
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Memberships : |
Not Applicable |
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Collaborators : |
Not Applicable |
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Subsidiary Company: |
·
Wellknown Synthetics Private Limited ·
Associated Concerns: ·
Wellknown Textile Industries Private Limited ·
Wellknown Chemicals Private Limited ·
Wellknown Hitech Projects Private Limited ( Formerly
known as Wellknown Financial Securities Private Limited) ·
Wellknown Technologies Private Limited ·
Wellknown Housing Development Private Limited ·
Wellknown Logistics Private Limited ·
Wellknown Landmark Ventures Private Limited ·
Wellknown Infratech Private Limited ·
Wellknown Properties Private Limited ·
Gupta Villa Limited ·
Ashtavinayak Agrofarms Private Limited |
|
|
|
|
Associated
Concerns: |
·
Wellknown Synthetics Private Limited ·
Wellknown Textile Industries Private Limited ·
Wellknown Chemicals Private Limited ·
Wellknown Hitech Projects Private Limited
(Formerly known as Wellknown Financial Securities Private Limited. ·
Wellknown Technologies Private Limited ·
Wellknown Housing Development Private Limited ·
Wellknown Logistics Private Limited ·
Wellknown Landmark Ventures Private Limited ·
Wellknown Infratech Private Limited ·
Wellknown Properties Private Limited ·
Gupta Villa Limited ·
Wellknown Enterprises Private Limited (Formerly
known as Ashtavinayak Agrofarms Private Limited) |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 Millions |
|
1250000 |
Preference Shares |
Rs.100/- each |
Rs.125.000 Millions |
|
|
Total |
|
Rs. 250.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12211395 |
Equity Shares |
Rs.10/- each |
Rs. 122.114 Millions |
|
1026061 |
Preference Shares |
Rs.100/- each |
Rs. 102.606 Millions |
|
|
Total |
|
Rs. 224.720
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 |
224.720 |
204.720 |
184.720 |
|
(b) Reserves &
Surplus |
10179.017 |
7699.112 |
5344.611 |
|
(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) |
10403.737 |
7903.832 |
5529.331 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
13574.956 |
12062.562 |
4115.899 |
|
(b) Deferred tax
liabilities (Net) |
1640.962 |
1203.257 |
790.401 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
12.418 |
9.957 |
8.641 |
|
Total Non-current
Liabilities (3) |
15228.336 |
13275.776 |
4914.941 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2402.019 |
2621.123 |
3280.856 |
|
(b) Trade payables |
2397.352 |
2591.883 |
1539.563 |
|
(c) Other current
liabilities |
2741.064 |
1858.072 |
1493.860 |
|
(d) Short-term provisions |
259.348 |
151.371 |
130.936 |
|
Total Current Liabilities
(4) |
7799.783 |
7222.449 |
6445.215 |
|
|
|
|
|
|
TOTAL |
33431.856 |
28402.057 |
16889.487 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
22032.788 |
17459.389 |
7685.966 |
|
(ii) Intangible Assets |
7.217 |
10.993 |
10.188 |
|
(iii) Capital
work-in-progress |
608.272 |
464.848 |
1311.962 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.058 |
2.698 |
191.303 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
150.268 |
331.714 |
192.355 |
|
(e) Other Non-current
assets |
714.683 |
577.730 |
317.032 |
|
Total Non-Current Assets |
23513.286 |
18847.372 |
9708.806 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
191.245 |
0.000 |
|
(b) Inventories |
4761.889 |
4287.339 |
2649.211 |
|
(c) Trade receivables |
2128.037 |
1541.409 |
561.536 |
|
(d) Cash and cash
equivalents |
549.126 |
2010.129 |
3026.740 |
|
(e) Short-term loans and
advances |
21.646 |
25.939 |
129.590 |
|
(f) Other current assets |
2457.872 |
1498.624 |
813.604 |
|
Total Current Assets |
9918.570 |
9554.685 |
7180.681 |
|
|
|
|
|
|
TOTAL |
33431.856 |
28402.057 |
16889.487 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
31503.972 |
18834.452 |
15771.515 |
|
|
Other Income |
678.796 |
355.711 |
231.805 |
|
|
TOTAL (A) |
32182.768 |
19190.163 |
16003.320 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
23124.630 |
14370.215 |
12384.480 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(321.926) |
(884.976) |
(814.226) |
|
|
Employees benefits
expense |
472.709 |
264.472 |
220.729 |
|
|
Exceptional Items |
|
|
0.001 |
|
|
Other expenses |
4497.000 |
2695.501 |
1932.952 |
|
|
TOTAL (B) |
27772.413 |
16445.212 |
13723.936 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
4410.355 |
2744.951 |
2279.384 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
1017.520 |
485.217 |
431.659 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3392.835 |
2259.734 |
1847.725 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
944.510 |
480.351 |
372.954 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
2448.325 |
1779.383 |
1474.771 |
|
|
|
|
|
|
|
Less |
TAX (H) |
437.705 |
421.035 |
339.591 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
2010.620 |
1358.348 |
1135.180 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
238.800 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Material and Accessories
|
7701.400 |
8176.800 |
4375.600 |
|
|
Capital Goods |
1243.100 |
4580.700 |
31.300 |
|
|
TOTAL IMPORTS |
8944.500 |
12757.500 |
4406.900 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
|
Basic |
159.43 |
108.35 |
90.96 |
|
|
Diluted |
120.75 |
81.25 |
74.51 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
6.38 |
7.21 |
7.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
14.00 |
14.57 |
14.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.46 |
6.37 |
9.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.23 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.54 |
1.86 |
1.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.32 |
1.11 |
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 |
184.720 |
204.720 |
224.720 |
|
Reserves & Surplus |
5344.611 |
7699.112 |
10179.017 |
|
Net worth |
5529.331 |
7903.832 |
10403.737 |
|
|
|
|
|
|
long-term borrowings |
4115.899 |
12062.562 |
13574.956 |
|
Short term borrowings |
3280.856 |
2621.123 |
2402.019 |
|
Total borrowings |
7396.755 |
14683.685 |
15976.975 |
|
Debt/Equity ratio |
1.338 |
1.858 |
1.536 |
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 |
15771.515 |
18834.452 |
31503.972 |
|
|
|
19.421 |
67.268 |
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 |
15771.515 |
18834.452 |
31503.972 |
|
Profit |
1135.180 |
1358.348 |
2010.620 |
|
|
7.20% |
7.21% |
6.38% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Current maturities of long-term debt |
1677.866 |
1041.030 |
702.059 |
|
Total |
1677.866
|
1041.030 |
702.059 |
|
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 |
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 |
Yes |
|
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 |
LITIGATION DETAILS
|
Case Details |
|
Bench:-Bombay |
|
Lodging No.:- |
CEXAL/54/2013 |
Filing Date:- |
21/02/2013 |
|
Petitioner:- |
COMMISSIONER OF CENTRAL EXCISE AND CUSTOMS |
Respondent:- |
WELLKNOWN POLYSTER LIMITED |
|
Petn.Adv.:- |
A. S. RAO (0) |
|
District:- |
DDR-NGR-HVL@SILVASA |
|
Bench:- |
SINGLE |
||
|
Status:- |
Pre-Admission |
Category:- |
CENTRAL EXCISE APPEAL (CEXA) |
|
Last Date:- |
25/04/2013 |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
Act :- |
Central Excise & Salt Act |
Under Section:- |
35G |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10484351 |
14/05/2014 * |
500,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, AXIS HOUSE, BOMBAY DYIENG MILLS COMPOUND, P B MARG, WORLI, MUMBAI, MAHARASHTRA - 400024, INDIA |
C05905500 |
|
2 |
10484884 |
03/03/2014 |
500,000,000.00 |
THE KARUR VYSYA BANK LIMITED |
PLOT NO: 1 & 2
, PLOT NO.34 EVEREST GRANDE, MAHAK |
C00508598 |
|
3 |
10458104 |
10/10/2013 * |
1,050,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, UNION BANK BHAVAN, 239, |
B90246422 |
|
4 |
10432400 |
18/05/2013 |
500,000,000.00 |
ANDHRA BANK |
18, HOMI MODI STREET, NANAVATI MAHALAYA, FORT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B77648004 |
|
5 |
10419528 |
21/03/2013 |
1,000,000,000.00 |
STATE BANK OF INDIA |
IFB, NATRAJ BUILDING, 102, 1ST FLOOR, 194, SIR M V ROAD WESTERN EXPRESS HIGHWAY, ANDHERI (E), MUMBAI, MAHARASHTRA - 400069, INDIA |
B73116147 |
|
6 |
10407746 |
27/02/2013 |
996,900,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH, AXIS HOUSE, BOMBAY DYIENG MILLS COMPOUND, P B MARG, WORLI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B69511764 |
|
7 |
10395688 |
30/11/2012 |
1,400,000,000.00 |
Indian Overseas Bank |
NARIMAN POINT
BRANCH, BHAKTAWAR , NARIMAN POINT, |
B65392797 |
|
8 |
10365857 |
05/02/2013 * |
340,000,000.00 |
BANK OF INDIA |
ANDHERI LARGE
CORPORATE BRANCH , MDI BUILDING, 2 |
B68761253 |
|
9 |
10334665 |
08/02/2012 |
3,045,996,275.00 |
LANDESBANK BADEN-WURTTEMBERG |
AM HAUPTBAHNHOF 2, 70173 STUTTGART, FEDERAL REPUBLIC OF GERMANY, STUTTGART, - NA, GERMANY |
B31722473 |
|
10 |
10277722 |
21/02/2014 * |
1,940,000,000.00 |
INDIAN OVERSEAS BANK |
NARIMAN POINT
BRANCH, 'BAKHTAWAR', NARIMAN POINT, |
B97322085 |
* Date of charge modification
FIXED ASSETS
· Factory building
· Other plant and equipment
· Furniture and fixtures
· Motor vehicles
· Computer 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. 62.15 |
|
|
1 |
Rs. 94.24 |
|
Euro |
1 |
Rs. 73.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
49 |
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.