MIRA INFORM REPORT
|
Report No. : |
330893 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARGL LIMITED [w.e.f. 25.02.2013] |
|
|
|
|
Formerly Known
As : |
AMTEK RING GEARS LIMITED |
|
|
|
|
Registered
Office : |
Bhanot Apartments, 4 Local Shopping Centre, Pushp Vihar, New Delhi –
110062 |
|
Tel. No.: |
91-11-41649800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.09.2014 |
|
|
|
|
Date of
Incorporation : |
12.07.1995 |
|
|
|
|
Com. Reg. No.: |
55-070717 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.204.787 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1995PLC070717 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Suppliers of Flywheel Assemblies For Automobile Engines
and Stationery Engines. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-built company came into existence in 1995. It is
engaged in the business of manufacturing and supplying of flywheel assemblies
for automobile engines. It has a good track record. For the financial year ended 2014, the company possesses upstanding
operational performance and it has achieved fine top line growth along with
profitability margin of 6.6%. Ratings also takes into consideration the impressive balance sheet of
the company having strong networth and good gap between trade payables and
trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are results to be regular and as per commitment. In the view of long business track record and healthy operational
profile, the company can be considered good for normal 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 |
CARE |
|
Rating |
Long term bank facilities= A |
|
Rating Explanation |
Adequate degree of safety and low credit
risk. |
|
Date |
03.06.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities= A1 |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
03.06.2014 |
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Rajiv |
|
Designation : |
General Manager |
|
Contact No.: |
91-11-41649802 |
|
Date : |
04.07.2015 |
LOCATIONS
|
Registered Office/ Investor Service Centre : |
Bhanot Apartments, 4 Local Shopping Centre, Pushp Vihar, New Delhi –
110062, India |
|
Tel. No.: |
91-11-41649800 |
|
Fax No.: |
91-11-29054554 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Old Manesar Road, Mohammedpur, Gurgaon – 122001, Haryana, India |
DIRECTORS
AS ON 27.12.2013
|
Name : |
Mr. Sitaraman Easwara Krishnan |
|
Designation : |
Director |
|
Address : |
C 2/90, Parameshwar Vihar, 28, Arcot Road, Shligramam, Chennai –
600093, Tamilnadu, India |
|
Date of Appointment : |
30.06.2000 |
|
Din No.: |
01674237 |
|
|
|
|
Name : |
Mr. Surendra Singh Verma |
|
Designation : |
Director |
|
Address : |
House No. 89, Sector 40, Gurgaon – 122001, Haryana, India |
|
Date of Appointment : |
27.11.2003 |
|
Din No.: |
01681951 |
|
|
|
|
Name : |
Mr. Aditya Malhotra |
|
Designation : |
Director |
|
Address : |
B-7, Geetanjali Enclave, 2/90, Parameshwar Vihar, 28, Arcot Road, New
Delhi – 110017, India |
|
Date of Appointment : |
01.05.2012 |
|
Din No.: |
02191303 |
|
|
|
|
Name : |
Koji Yashiro |
|
Designation : |
Director |
|
Address : |
2-5-1-1102, Nishi-Chuo, Kure City - 34202, Hiroshima |
|
Date of Appointment : |
18.10.1995 |
|
Din No.: |
02565589 |
|
|
|
|
Name : |
Takashi Yamane |
|
Designation : |
Director |
|
Address : |
22-15, Nakasuji-Cho, Nigata, Kure City – 34202, Hiroshima |
|
Date of Appointment : |
18.10.1995 |
|
Din No.: |
02582865 |
|
|
|
|
Name : |
Mr. Nishith Prakash Bhatnagar |
|
Designation : |
Director |
|
Address : |
C-8, B Rajat Vihar, Sector 62, Gautam Budh Nagar, Noida – 201301,
Uttar Pradesh, India |
|
Date of Appointment : |
20.08.2011 |
|
Din No.: |
05263907 |
KEY EXECUTIVES
|
Name : |
Mr. Rajiv |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Amtek Auto Limited |
8615554 |
|
Alliance Integrated Metaliks Limited |
9420188 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.12.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Suppliers of Flywheel Assemblies For Automobile
Engines and Stationery Engines. |
|
|
|
|
Products : |
Flywheel Assemblies For Automobile Engines and Stationery Engines. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Travancore, Commercial
Branch, Travancore House, K.G. Marg, New Delhi – 110001, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
A.C.
Gupta and Associates Chartered Accountants |
|
Address : |
808, Padma Tower, 1 Rajendra Place, New Delhi, India |
|
PAN No.: |
AADPG9740F |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associates : |
· Amtek Auto Limited · Alliance Integrated Metaliks Limited |
|
|
|
|
Others : |
· Amtek Deutshland Gmbh · Amtek Investment UK Limited · Amtek Germany Holding GP Gmbh · Amtek Germany Holding Gmbh and Co. KG · Amtek Holding BV · Amtek Global Technologies Pte. Limited. · Amtek Transportation Systems Limited · Alliance Hydro Power Limited · Amtek India Limited · Amtek Defence Technologies Limited · JMT Auto Limited · Ahmednagar Forgings Limited · Amtek Tekfor Holding Gmbh · Neumayer Tekfor Gmbh · Tekfor Services Gmbh · Neumayer Tekfor Rotenburg Gmbh · Neumayer Tekfor Schmolln Gmbh · Neumayer Tekfor Engineering Gmbh · GFSV · Neumayer Tekfor Japan Co. Limited · Tekfor Inc. · Tekfor Maxico SA De CV · Neumayer Tekfor Automotive Brasil Ltda · Neumayer Tekfor Spa · Tekfor Maxico Services · Tekfor Services Inc. · SFE Gmbh · Amtek Powertrain Components B.V. · Amtek Powertrain Rus LLC · Amertec Systems Private Limited · Amtek Kuepper Gmbh · H. J Kupper System-Und Modultechnik Gmbh · H. J Kupper Metallbearbeitung Gmbh · SKD- Gieberei Gmbh · Kupper Hungaria Kft · Acil Limited · Amtek Tekfor Automotive Limited · MP T AMT EK Automotive (India) Limited · SMI AMT EK Crankshaft Private Limited · Amtek Railcar Limited · Terrasoft Infosystems Private Limited |
CAPITAL STRUCTURE
AS ON 27.12.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000000 |
Equity Shares |
Rs.10/- each |
Rs.210.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20478670 |
Equity Shares |
Rs.10/- each |
Rs.204.787 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
30.09.2014 |
30.09.2013 |
30.06.2012 |
|
|
12 Months |
15 Months |
12 Months |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
204.787 |
204.787 |
117.287 |
|
(b) Reserves & Surplus |
5156.737 |
4591.989 |
2564.900 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
1750.000 |
|
Total
Shareholders’ Funds (1) + (2) |
5361.524 |
4796.776 |
4432.187 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3724.900 |
4646.400 |
4109.375 |
|
(b) Deferred tax liabilities (Net) |
736.341 |
643.741 |
502.551 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
24.020 |
8.325 |
6.435 |
|
Total Non-current
Liabilities (3) |
4485.261 |
5298.466 |
4618.361 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
3222.288 |
971.730 |
803.983 |
|
(b) Trade
payables |
235.274 |
145.748 |
330.370 |
|
(c) Other
current liabilities |
904.943 |
940.171 |
572.398 |
|
(d) Short-term
provisions |
30.019 |
49.611 |
28.560 |
|
Total Current
Liabilities (4) |
4392.524 |
2107.260 |
1735.311 |
|
|
|
|
|
|
TOTAL |
14239.309 |
12202.502 |
10785.859 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6445.573 |
6547.705 |
3643.824 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
80.498 |
239.682 |
713.343 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2268.066 |
1145.206 |
0.140 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
115.246 |
572.319 |
2013.224 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
8909.383 |
8504.912 |
6370.531 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
10.806 |
16.753 |
552.509 |
|
(b)
Inventories |
2690.078 |
1418.709 |
1406.063 |
|
(c) Trade
receivables |
2109.760 |
1024.341 |
900.226 |
|
(d) Cash
and cash equivalents |
340.910 |
539.355 |
1223.022 |
|
(e)
Short-term loans and advances |
170.966 |
688.947 |
330.223 |
|
(f) Other
current assets |
7.406 |
9.485 |
3.285 |
|
Total
Current Assets |
5329.926 |
3697.590 |
4415.328 |
|
|
|
|
|
|
TOTAL |
14239.309 |
12202.502 |
10785.859 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
30.09.2014 |
30.09.2013 |
30.06.2012 |
|
|
|
|
12 Months |
15 Months |
12 Months |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8909.229 |
6149.675 |
5305.323 |
|
|
|
Other Income |
37.314 |
132.609 |
0.000 |
|
|
|
TOTAL (A) |
8946.543 |
6282.284 |
5305.323 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
6975.602 |
3882.148 |
3828.701 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(1035.951) |
83.848 |
(265.252) |
|
|
|
Employee Benefits Expenses |
287.907 |
268.461 |
235.558 |
|
|
|
Other Expenses |
494.784 |
380.105 |
320.334 |
|
|
|
Exceptional Items |
|
|
54.394 |
|
|
|
TOTAL (B) |
6722.342 |
4614.562 |
4173.735 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2224.201 |
1667.722 |
1131.588 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
753.431 |
611.228 |
337.733 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1470.770 |
1056.494 |
793.855 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION (F) |
535.156 |
476.685 |
313.727 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
935.614 |
579.809 |
480.128 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
341.188 |
186.660 |
160.190 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
594.426 |
393.149 |
319.938 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.03 |
20.28 |
27.28 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
30.09.2014 |
30.09.2013 |
30.06.2012 |
|
|
12 Months |
15 Months |
12 Months |
|
|
|
|
|
|
Current Maturities of Long term debt |
857.600 |
436.200 |
112.500 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
2233.929 |
1588.309 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
30.09.2014 |
30.09.2013 |
30.06.2012 |
|
|
|
12 Months |
15 Months |
12 Months |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
6.67 |
6.39 |
6.03 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
24.97 |
27.12 |
21.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
7.87 |
5.36 |
4.77 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.12 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.46 |
1.26 |
1.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.75 |
2.54 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
30.06.2012 |
30.09.2013 |
30.09.2014 |
|
|
12 Months |
15 Months |
12 Months |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
117.287 |
204.787 |
204.787 |
|
Reserves & Surplus |
2564.900 |
4591.989 |
5156.737 |
|
Share Application money pending allotment |
1750.000 |
0.000 |
0.000 |
|
Net
worth |
4432.187 |
4796.776 |
5361.524 |
|
|
|
|
|
|
long-term borrowings |
4109.375 |
4646.400 |
3724.900 |
|
Short term borrowings |
803.983 |
971.730 |
3222.288 |
|
Current Maturities of Long term debt |
112.500 |
436.200 |
857.600 |
|
Total
borrowings |
5025.858 |
6054.330 |
7804.788 |
|
Debt/Equity
ratio |
1.134 |
1.262 |
1.456 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.06.2012 |
30.09.2013 |
30.09.2014 |
|
|
12 Months |
15 Months |
12 Months |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
5305.323 |
6149.675 |
8909.229 |
|
|
|
15.915 |
44.873 |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.06.2012 |
30.09.2013 |
30.09.2014 |
|
|
12 Months |
15 Months |
12 Months |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
5305.323 |
6149.675 |
8909.229 |
|
Profit |
319.938 |
393.149 |
594.426 |
|
|
6.03% |
6.39% |
6.67% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
No |
|
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 |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
30.09.2014 Rs. In Million |
30.09.2013 Rs. In Million |
|
|
12 Months |
15 Months |
|
Short Term Borrowings |
|
|
|
Rupee term loans
from others |
0.000 |
25.700 |
|
|
|
|
|
Total |
0.000 |
25.700 |
INDEX OF CHARGES:
|
S. No. |
Charge Id |
Date Of Charge
Creation/Modification |
Charge Amount Secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10495578 |
28/05/2014 |
3,630,000,000.00 |
SYNDICATE BANK |
2, KAUSHALYA PARK,HAUZ
KHAS, NEW DELHI - 110016, INDIA |
C04735478 |
|
2 |
10390954 |
25/02/2013 * |
943,750,000.00 |
STATE BANK OF TRAVANCORE |
COMMERCIAL BRANCH,
TRAVANCORE HOUSE,, K.G. MARG, |
B72002454 |
|
3 |
10385759 |
25/02/2013 * |
1,250,000,000.00 |
STATE BANK OF PATIALA |
2ND FLOOR, CHANDRALOK
BUILDING, 36, JANPATH,, NEW |
B72526478 |
|
4 |
10393851 |
31/10/2012 |
1,000,000,000.00 |
BANK OF MAHARASHTRA |
5 / 36, W.E.A, AJMAL KHAN
ROAD, KAROL BAGH, NEW DELHI - 110005, INDIA |
B64828841 |
|
5 |
10344435 |
11/06/2013 * |
2,000,000,000.00 |
IDBI BANK LIMITED |
INDIAN RED CROSS SOCIETY
BUILDING, 1, RED CROSS ROAD, DELHI - 110001, INDIA |
B80379290 |
|
6 |
10319009 |
20/04/2013 * |
700,000,000.00 |
STATE BANK OF MYSORE |
NO.-3,4 & 5, DDA BUILDING,
NEHRU PLACE, NEW DELHI, - 110019, INDIA |
B77932895 |
|
7 |
10045583 |
25/09/2012 * |
1,480,000,000.00 |
SYNDICATE BANK |
2, KAUSHALYA PARK,HAUZ
KHAS, NEW DELHI - 110016, INDIA |
B61298592 |
|
8 |
90062349 |
09/11/2001 * |
250,000,000.00 |
AXIS BANK LTD. |
STATESMAN HOUSE, GROUND
FLOOR; 148; BARAKHAMBA ROAD, NEW DELHI - 110016, INDIA |
- |
|
9 |
90062155 |
12/08/2003 * |
80,000,000.00 |
SYNDICATE BANK |
HAUZ KHAS, NEW DELHI -
110016, INDIA |
- |
|
10 |
90061981 |
24/05/2000 * |
17,300,000.00 |
SYNDICATE BANK |
HAUZ KHAS, NEW DELHI -
110016, INDIA |
- |
* Date of charge modification
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 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.63.51 |
|
|
1 |
Rs.97.85 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
60 |
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.