MIRA INFORM REPORT
|
Report No. : |
330607 |
|
Report Date : |
08.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SLR METALIKS LIMITED |
|
|
|
|
Registered
Office : |
A-2/452, Sector-8, Rohini, New Delhi – 110085 |
|
Tel. No.: |
91-11-47016363 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
17.11.2005 |
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|
|
|
Com. Reg. No.: |
142596 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.129.458 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106DL2005PLC142596 |
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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.] |
AAJCS4396P |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing of Pig Iron and Spiegeleisen In Pigs, Blocks or Other Primary Forms. |
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|
|
No. of Employees
: |
500 (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 |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Exist |
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Comments : |
Subject is a subsidiary of “SOCIEDADE DE FOMENTO INDUSTRIAL
PRIVATE LIMITED”. It is an established company having satisfactory track. Company has incurred losses from its operational activities and it has
taken huge external which leverage the balance sheet of the company. However, rating takes into consideration credit enhancement facility
provided to the subject company by “Sociedade De Fomento Industrial
Private Limited” (holding entity) for repayment of the principal amount
interest and other charges. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. In view of strong holding company support, the company can be
considered 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Term Loans : A- (SO) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
April, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund Based Limits : A2+ (SO) |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
April, 2015 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Ramji Singh |
|
Designation : |
General Manager – Finance |
|
Contact No.: |
91-8394-294061 |
|
Date : |
06.07.2015 |
LOCATIONS
|
Registered Office / Head Office : |
A-2/452, Sector-8, Rohini, New Delhi – 110085, India |
|
Tel. No.: |
91-11-47016363 / 2794 0168 |
|
Fax No.: |
91-11-2794 3470 |
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E-Mail : |
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|
Website : |
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|
Factory : |
Survey No.632, 363, Lokappana hola, (Near Mariyammanahalli), Narayanadevarakere Hagaribommanahalli (Taluka), District Bellary – 583222, Karnataka , India |
|
Tel. No.: |
91-8394-294061 , 294212 |
|
Fax No.: |
91-8394-294215 |
DIRECTORS
AS ON 15.09.2014
|
Name : |
Bhagwan Dass Narang |
|
Designation : |
Additional director |
|
Address : |
Flat No. 29, Dda Appts., Pocket-F, SFS Scheme, Sheikh Sarai, Phase-I, New Delhi - 110017 |
|
Date of Appointment : |
11.03.2015 |
|
DIN No.: |
00038052 |
|
|
|
|
Name : |
Raj Kumar Goel |
|
Designation : |
Managing director |
|
Address : |
A-2/452, Sector-8, Rohini, New Delhi - 110085, India |
|
Date of Birth/Age : |
14.02.1964 |
|
Date of Appointment : |
21.08.2006 |
|
DIN No.: |
00082595 |
|
|
|
|
Name : |
Naresh Kumar Goel |
|
Designation : |
Director |
|
Address : |
A-2/452, Sector-8, Rohini, New Delhi - 110085, India |
|
Date of Birth/Age : |
02.04.1973 |
|
Date of Appointment : |
17.11.2005 |
|
DIN No.: |
00098527 |
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|
|
|
Name : |
Ambar Auduth Timblo |
|
Designation : |
Director |
|
Address : |
F-2, Dona Paula Apartments, Near Ocean Heights, Dona Paula, Panaji - 403004, Goa, India |
|
Date of Birth/Age : |
06.04.1976 |
|
Date of Appointment : |
30.08.2012 |
|
DIN No.: |
00213068 |
|
|
|
|
Name : |
Apoorva Misra |
|
Designation : |
Director |
|
Address : |
Prudential Paradise, Flat No. 1B4T1, Third Floor, Near Vrindavan Hospital, Mapusa - 403507, Goa, India |
|
Date of Birth/Age : |
04.07.1974 |
|
Date of Appointment : |
30.08.2012 |
|
DIN No.: |
02722155 |
|
|
|
|
Name : |
Kogunde Channabasappa Siddappa |
|
Designation : |
Additional director |
|
Address : |
401, 3rd Floor, Silver Line Apartments,, 3rd Ward, Near Bata Showroom, Jabball Area, Hospet, Bellary - 583201, Karnataka, India |
|
Date of Appointment : |
17.09.2014 |
|
DIN No.: |
06997713 |
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|
|
|
Name : |
Mukta Pandurang Vernekar |
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Designation : |
Additional director |
|
Address : |
H. No. 12/32, Pandurang Niwas, Khorlim Mapusa Bardez Goa, Mapusa - 403507, Goa, India |
|
Date of Appointment : |
05.01.2015 |
|
DIN No.: |
07022619 |
KEY EXECUTIVES
|
Name : |
Mr. Ramji Singh |
|
Designation : |
General Manager – Finance |
|
|
|
|
Name : |
Kanwal Ohri |
|
Designation : |
Secretary |
|
Address : |
F-55, First Floor, Rajouri Garden, New Delhi-110027, India |
|
Date of Birth/Age : |
03-01-1965 |
|
Date of Appointment : |
29.04.2014 |
|
PAN No.: |
AAAPO0118M |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Raj Kumar Goel |
|
140450 |
|
Naresh Goel |
|
125800 |
|
Suman Goel |
|
50400 |
|
Naresh Goel (Karta) on behalf of Naresh Goel HUF |
|
570000 |
|
A. R. Co-Extruded Films Private Limited, India |
|
249200 |
|
A. R. Plastic Private Limited, India |
|
225900 |
|
INS Finance and Investment Private Limited, India |
|
3358125 |
|
Gloria Finvest Private Limited, India |
|
828000 |
|
Esteem Vyapaar Private Limited, India |
|
80000 |
|
Raj Kumar Goel (Karta) on behalf of Raj Kumar Goel (HUF) |
|
499000 |
|
Bahadur Vanijya Private Limited, India |
|
155000 |
|
Apsara Barter Private Limited, India |
|
191000 |
|
Sociedade De Fomento Industrial Private Limited, India |
|
6472875 |
|
|
|
|
|
Total |
|
12945750 |
AS ON 15.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
89.29 |
|
Directors or relatives of Directors |
2.45 |
|
Other top fifty shareholders |
8.26 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of Pig Iron and Spiegeleisen In Pigs, Blocks or Other Primary Forms. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30 days / 60 days / 90 days) |
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Purchasing : |
Cash and Credit (30 days / 60 days / 90 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Lalit Gupta and Associates Chartered Accountants |
|
Address : |
412, Arunachal Building, 19 Barakhamba Road , Connaught, New Delhi, India |
|
PAN No.: |
AAAFL5833E |
|
Tel. No.: |
91-11-23717400,23718900 |
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|
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Memberships : |
--- |
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|
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Collaborators : |
--- |
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|
Associated Company
/ Enterprises which are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives: |
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|
|
|
|
Joint venture : |
Sociedade De Fomento Industrial Private Limited [U31200GA1967PTC000075] |
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|
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Other related party
: |
Has Raj Goel-HUF |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,000,000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,945,750 |
Equity Shares |
Rs.10/- each |
Rs.129.458 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
129.458 |
129.458 |
79.458 |
|
(b) Reserves &
Surplus |
691.859 |
899.945 |
609.804 |
|
(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) |
821.317 |
1029.403 |
689.262 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2168.170 |
1603.217 |
1631.534 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
2168.170 |
1603.217 |
1631.534 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1565.422 |
1045.636 |
0.000 |
|
(b) Trade payables |
97.216 |
324.683 |
0.000 |
|
(c) Other current
liabilities |
422.433 |
409.440 |
328.098 |
|
(d) Short-term provisions |
5.849 |
1.232 |
0.000 |
|
Total Current Liabilities
(4) |
2090.920 |
1780.991 |
328.098 |
|
|
|
|
|
|
TOTAL |
5080.407 |
4413.611 |
2648.894 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2871.568 |
2966.322 |
6.837 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
288.129 |
0.000 |
2373.766 |
|
(iv) Intangible assets
under development |
24.532 |
2.108 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
124.223 |
30.131 |
1.748 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
111.738 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
3308.452 |
2998.561 |
2494.089 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
710.460 |
779.644 |
0.000 |
|
(c) Trade receivables |
511.049 |
351.281 |
0.185 |
|
(d) Cash and cash
equivalents |
416.954 |
62.067 |
-5.129 |
|
(e) Short-term loans and
advances |
130.639 |
218.586 |
159.593 |
|
(f) Other current assets |
2.853 |
3.472 |
0.156 |
|
Total Current Assets |
1771.955 |
1415.050 |
154.805 |
|
|
|
|
|
|
TOTAL |
5080.407 |
4413.611 |
2648.894 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4533.647 |
663.401 |
1.198 |
|
|
Other Income |
6.698 |
9.545 |
0.504 |
|
|
TOTAL (A) |
4540.345 |
672.946 |
1.702 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
3803.686 |
973.050 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.702 |
1.238 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
51.179 |
(413.581) |
0.000 |
|
|
Employees benefits
expense |
130.256 |
22.029 |
0.000 |
|
|
Extraordinary Items |
(48.455) |
0.000 |
0.000 |
|
|
Other expenses |
337.751 |
16.972 |
1.117 |
|
|
TOTAL (B) |
4274.417 |
599.172 |
2.355 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
265.928 |
73.774 |
-0.653 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
411.964 |
72.923 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(146.036) |
0.851 |
-0.653 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
156.142 |
89.092 |
2.059 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
(302.178) |
(88.241) |
(2.712) |
|
|
|
|
|
|
|
Less |
TAX (H) |
(94.092) |
(28.382) |
(0.838) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
(208.086) |
(59.859) |
(1.874) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.000 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials/ Finished
Goods |
640.742 |
111.436 |
0.000 |
|
|
Components & Spares |
0.000 |
0.000 |
0.000 |
|
|
Capital Goods |
21.208 |
43.473 |
100.874 |
|
|
TOTAL IMPORTS |
661.950 |
154.909 |
100.874 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(16.07) |
(5.50) |
(0.39) |
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
5000.000 |
|
|
|
|
|
The above information has been parted by Mr. Ramji Singh
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
345.447 |
345.447 |
149.500 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(428.861) |
(871.210) |
224.255 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(4.59) |
(9.02) |
(156.43) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.87 |
11.12 |
(54.51) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.51) |
(2.01) |
(0.99) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.37) |
(0.09) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.97 |
2.91 |
2.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.85 |
0.79 |
0.47 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
79.458 |
129.458 |
129.458 |
|
Reserves & Surplus |
609.804 |
899.945 |
691.859 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
689.262 |
1029.403 |
821.317 |
|
|
|
|
|
|
long-term borrowings |
1631.534 |
1603.217 |
2168.170 |
|
Short term borrowings |
0.000 |
1045.636 |
1565.422 |
|
Current Maturities of
Long Term Debt |
149.500 |
345.447 |
345.447 |
|
Total borrowings |
1781.034 |
2994.300 |
4079.039 |
|
Debt/Equity ratio |
2.584 |
2.909 |
4.966 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1.198 |
663.401 |
4533.647 |
|
|
|
55,275.710 |
583.395 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1.198 |
663.401 |
4533.647 |
|
Profit/Loss |
(1.874) |
(59.859) |
(208.086) |
|
|
(156.43%) |
(9.02%) |
(4.59%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
$~15 * IN THE HIGH COURT OF DELHI AT NEW DELH + CO.PET. 476/2014 and CA Nos. 1687/2014 & 43/2015 PAHARPUR COOOLING TOWERS LIMITED ..... Petitioner Through: Mr. Santanu Ghosh, Advocate Versus SLR METALIKS LIMITED ..... Respondent Through: Ms. Iti Agarwal, Advocate. CORAM: HON'BLE MR. JUSTICE SUDERSHAN KUMAR MISRA % O R D E R 06.05.2015 List on 24th September, 2015. SUDERSHAN KUMAR MISRA, J MAY 06, 2015 AK |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Foreign currency term loans from banks |
1018.691 |
0.000 |
|
Term loans from banks |
0.000 |
102.543 |
|
Short-term
borrowings |
|
|
|
Rupee term loans from others |
0.000 |
102.543 |
|
Loans repayable on demand from banks |
885.780 |
0.000 |
|
Other loans and advances |
679.642 |
0.000 |
|
Total |
2584.113 |
205.086 |
VIEW INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10475973 |
07/05/2015 * |
130,300,000.00 |
PUNJAB NATIONAL BANK (LEAD BANK) |
7, BHIKAJI CAMA PLACE,, AFRICA AVENUE, NEW DELHI, |
C52892015 |
|
2 |
10475975 |
09/01/2014 |
48,700,000.00 |
PUNJAB NATIONAL BANK (LEAD BANK) |
7, BHIKAJI CAMA PLACE,, AFRICA AVENUE, NEW DELHI, |
B95638995 |
|
3 |
10360856 |
28/05/2013 * |
1,405,300,000.00 |
PUNJAB NATIONAL BANK (LEAD BANK) |
7, BHIKAJI CAMA PLACE, AFRICA AVENUE, NEW DELHI, |
B80256191 |
|
4 |
10282442 |
28/05/2013 * |
620,000,000.00 |
PUNJAB NATIONAL BANK |
7, BHIKAJI CAMA PLACE, AFRICA AVENUE, NEW DELHI, |
B80071798 |
|
5 |
10188060 |
28/05/2013 * |
1,050,000,000.00 |
PUNJAB NATIONAL BANK |
7, BHIKAJI CAMA PLACE, AFRICA AVENUE, NEW DELHI, |
B80069958 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- 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 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.63.37 |
|
|
1 |
Rs.98.85 |
|
Euro |
1 |
Rs.69.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
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 |
|
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.