MIRA INFORM REPORT
|
Report No. : |
332459 |
|
Report Date : |
17.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHARP FERRO ALLOYS LIMITED |
|
|
|
|
Registered
Office : |
Mauza Kamalpur, Nachan Road, Durgapur – 713204, West Bengal |
|
Tel. No.: |
91-343-2564187/ 2562776/ 2544079 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.07.1990 |
|
|
|
|
Com. Reg. No.: |
21-093185 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.153.860 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101WB1990PLC093185 |
|
|
|
|
IEC No.: |
0598034897 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS14866F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS8998M |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
The company is engaged in the business of manufacturing, exporting and trading of Ferro Alloys and Mild Steel Products. |
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|
|
|
No. of Employees
: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1990 and it is a manufacturer and
exporter of Ferro Alloys and steel products. Subject is an established
company having satisfactory track record. For the financial year ended 2014, sales turnover of the company has
declined which has resulted into dip in profit of the company during the year
under a review. However, rating takes into consideration extensive industry experience
of SFAL’s promoters supported by sound financial base and above average capital
structure of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of sound financial base, 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Deepak |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-11-27377131 |
|
Date : |
332459 |
LOCATIONS
|
Registered Office / Factory: |
Mauza Kamalpur, Nachan Road, Durgapur – 713204, West Bengal, India |
|
Tel. No.: |
91-343-2564187/ 2562776/ 2544079 |
|
Fax No.: |
91-343-2562776 |
|
E-Mail : |
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|
Website : |
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Head Office / Corporate Office: |
301 – 302, Time House, 5 Commercial Complex, Wazirpur Industrial Area, New Delhi – 110052, India |
|
Tel. No.: |
91-11-27377131 |
|
Fax No.: |
91-11-27377130 |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
734-Choudhary Compound, Anjur Mankoli Road, Near Laxman Weigh Bridge Thane – 421302, Maharashtra, India |
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|
|
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Branch Office 2 : |
Located At · Ahmedabad · Haryana · Punjab · Bellary · Gajuwaka · Jammu · Bhillai · Nagpur · Kolkata |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Tushar Rawat |
|
Designation : |
Managing director |
|
Address : |
A-255, Derawal Nagar, G-T Karnal Road, New Delhi - 110009, India |
|
Date of Birth/Age : |
18.08.1981 |
|
Date of Appointment : |
05.07.2003 |
|
DIN No.: |
00512880 |
|
|
|
|
Name : |
Lakshmi Narain Gupta |
|
Designation : |
Whole-time director |
|
Address : |
26 Shakespeare Sarani, Kolkata - 700017, West Bengal, India |
|
Date of Birth/Age : |
24.12.1938 |
|
Date of Appointment : |
17.08.2006 |
|
DIN No.: |
00856808 |
|
|
|
|
Name : |
Kamla Devi |
|
Designation : |
Director |
|
Address : |
A-255, derawal nagar, new delhi, 110009, india |
|
Date of Birth/Age : |
02.11.1934 |
|
Date of Appointment : |
20.04.2009 |
|
DIN No.: |
02650633 |
|
|
|
|
Name : |
Suresh Kumar Khandelwal |
|
Designation : |
Additional director |
|
Address : |
House No. 6/2, Village Karkened, P.O Kusunda, Dhanbad - 828116, Jharkhand, India |
|
Date of Appointment : |
12.05.2015 |
|
DIN No.: |
07174192 |
KEY EXECUTIVES
|
Name : |
Naresh Rawat |
|
Designation : |
CEO |
|
Address : |
A-255,Derawal Nagar, G.T. Karnal Road, New Delhi - 110009, India |
|
PAN No.: |
AAEPR8495G |
|
Date of Appointment : |
27.10.2014 |
|
|
|
|
Name : |
Monika Gupta |
|
Designation : |
Secretary |
|
Address : |
Bk-63, Shalimar Bagh West, New Delhi - 110088, India |
|
PAN No.: |
AMNPG5134G |
|
Date of Appointment : |
01.10.2014 |
|
|
|
|
Name : |
Mr. Deepak |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Kailash Chandra Lath |
10 |
|
Naresh Kumar Dawar |
10 |
|
Amrit Pal |
10 |
|
Narendra Khanna |
10 |
|
Atul Bagla |
10 |
|
OPRK Ferro Alloys Limited, India |
537000 |
|
Asia Pacific Globex Limited, India
|
6151000 |
|
Naresh Rawat |
130000 |
|
Musha Trading and Exports Private Limited, India |
2517120 |
|
Om Parkash Rawat HUF |
633605 |
|
Tushar Rawat |
2120940 |
|
Neelam Rawat |
604335 |
|
Somaya Rawat |
128950 |
|
Sheela Rawat |
714000 |
|
Sunshine Vinimay Private Limited, India |
1089000 |
|
Kamla Devi |
760000 |
|
TOTAL
|
15386000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
65.75 |
|
Directors or relatives of Directors |
34.25 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing, exporting and trading of Ferro Alloys and Mild Steel Products. |
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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 : |
Japan |
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Imports : |
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Products : |
Raw Material |
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Countries : |
South African Countries |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
700 (Approximately) |
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Bankers : |
Oriental Bank of Commerce Nachan Road, Benachity, Durgapur - 713213, West Bengal, India State Bank of Indore, M - 47, Connaught Circus, New Delhi - 110001, India Bank of India (Lead Bank), New Delhi Corporate Banking Branch, 37, Shaheed Bhagat Singh Marg, Connaught Place, New Delhi - 110001, India |
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Facilities : |
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Auditors : |
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|
Name : |
P.C. Bandal and Company Chartered Accountants |
|
Address : |
101, Sita Ram Mansion, 718/21, Joshi Road, Karol Bagh, New Delhi – 110 005, India |
|
PAN No.: |
AAAFP9359H |
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Memberships : |
--- |
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|
|
|
Collaborators : |
--- |
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|
|
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Subsidiary Company: |
Sharp Ferro Alloys (Vizag) Limited [U27100DL2010PLC202583] |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives / Associate : |
Asia Pacific Globex Limited [U17290DL1995PLC071542] OPRK Ferro Alloys Limited Gunjan Ispat Private Limited [U27101DL1996PTC080040] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,500,000 |
Equity Shares |
Rs.10/- each |
Rs.155.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15,386,000 |
Equity Shares |
Rs.10/- each |
Rs.153.860 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 |
153.860 |
148.660 |
148.660 |
|
(b) Reserves & Surplus |
582.634 |
522.245 |
447.048 |
|
(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) |
736.494 |
670.905 |
595.708 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
151.936 |
113.666 |
132.507 |
|
(b) Deferred tax
liabilities (Net) |
78.980 |
77.480 |
75.383 |
|
(c) Other long term
liabilities |
0.268 |
0.332 |
0.021 |
|
(d) long-term provisions |
4.234 |
3.751 |
4.144 |
|
Total Non-current
Liabilities (3) |
235.418 |
195.229 |
212.055 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
544.235 |
377.249 |
328.595 |
|
(b) Trade payables |
315.044 |
245.477 |
362.389 |
|
(c) Other current
liabilities |
512.852 |
479.662 |
377.072 |
|
(d) Short-term provisions |
21.413 |
32.336 |
22.920 |
|
Total Current Liabilities
(4) |
1393.544 |
1134.724 |
1090.976 |
|
|
|
|
|
|
TOTAL |
2365.456 |
2000.858 |
1898.739 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
562.673 |
574.161 |
592.290 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
177.345 |
131.056 |
116.355 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
11.300 |
12.300 |
11.300 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
63.234 |
39.866 |
14.575 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
814.552 |
757.383 |
734.520 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
700.357 |
448.756 |
547.866 |
|
(c) Trade receivables |
438.512 |
412.223 |
374.436 |
|
(d) Cash and cash
equivalents |
151.894 |
93.726 |
76.124 |
|
(e) Short-term loans and
advances |
232.619 |
246.493 |
137.237 |
|
(f) Other current assets |
27.522 |
42.277 |
28.556 |
|
Total Current Assets |
1550.904 |
1243.475 |
1164.219 |
|
|
|
|
|
|
TOTAL |
2365.456 |
2000.858 |
1898.739 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
3428.324 |
4007.725 |
3369.928 |
|
|
Other Income |
19.119 |
28.517 |
15.439 |
|
|
TOTAL |
3447.443 |
4036.242 |
3385.367 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1526.054 |
1265.671 |
1252.376 |
|
|
Purchases of
Stock-in-Trade |
1061.050 |
1585.434 |
1123.339 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(222.474) |
100.069 |
42.079 |
|
|
Employees benefits
expense |
49.153 |
45.905 |
43.744 |
|
|
Other expenses |
860.391 |
819.213 |
695.648 |
|
|
TOTAL |
3274.174 |
3816.292 |
3157.186 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
173.269 |
219.950 |
228.181 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
74.175 |
69.605 |
85.267 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
99.094 |
150.345 |
142.914 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
39.050 |
38.234 |
37.577 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
60.044 |
112.111 |
105.337 |
|
|
|
|
|
|
|
Less |
TAX |
20.455 |
36.914 |
34.745 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
39.589 |
75.197 |
70.592 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
411.205 |
336.008 |
265.416 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
450.794 |
411.205 |
336.008 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1652.873 |
2159.793 |
1386.129 |
|
|
TOTAL EARNINGS |
1652.873 |
2159.793 |
1386.129 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
443.446 |
369.869 |
355.249 |
|
|
TOTAL IMPORTS |
443.446 |
369.869 |
355.249 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
2.62 |
5.06 |
4.77 |
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
4120.000 |
Expected Sales (2015-2016 ) : Rs.4000.000 Million [Due to market
fluctuation]
The above information has been parted by Mr. Deepak.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
23.736 |
68.621 |
66.624 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.15 |
1.88 |
2.09 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.05 |
5.49 |
6.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.76 |
6.04 |
5.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.17 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.98 |
0.83 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.10 |
1.07 |
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 |
148.660 |
148.660 |
153.860 |
|
Reserves & Surplus |
447.048 |
522.245 |
582.634 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
595.708 |
670.905 |
736.494 |
|
|
|
|
|
|
long-term borrowings |
132.507 |
113.666 |
151.936 |
|
Short term borrowings |
328.595 |
377.249 |
544.235 |
|
Current Maturities of
Long Term Debt |
66.624 |
68.621 |
23.736 |
|
Total borrowings |
527.726 |
559.536 |
719.907 |
|
Debt/Equity ratio |
0.886 |
0.834 |
0.977 |
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 |
3369.928 |
4007.725 |
3428.324 |
|
|
|
18.926 |
(14.457) |
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 |
3369.928 |
4007.725 |
3428.324 |
|
Profit |
70.592 |
75.197 |
39.589 |
|
|
2.09% |
1.88% |
1.15% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Rupee term loans from banks |
0.000 |
5.441 |
|
Total |
0.000 |
5.441 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
In respect of claims
against the company not acknowledged as debts |
|
|
|
Disputed Electricity
Demand |
18.088 |
18.088 |
|
Sales Tax Demand against
which appeal has been filled with competent authority |
39.677 |
13.191 |
|
Service Tax Demand
against which appeal has been filled with competent authority |
5.997 |
5.997 |
|
ESI Demand against which
appeal has been filled with competent authority |
0.328 |
0.328 |
|
Excise Duty demand for
the period 2006-11 |
27.402 |
33.997 |
|
Demand against which
appeal has been filled with competent authority for the A.Y. 2007-08 (net of
amount paid under protest) |
-- |
36.326 |
|
Appeal filled by
Rashtriya Ispat Nigam Limited, Vishakapatnam against the Arbitration award
granted in favour of the company |
77.974 |
77.974 |
|
Claim in respect of
advance received against Export |
28.228 |
28.228 |
|
Claim in respect of
Disputed Rent amount |
1.702 |
1.702 |
|
Loan taken by associate
company, company is co-borrower. |
125.700 |
-- |
|
In respect of letters of
credit (net of margin) |
154.288 |
143.954 |
|
In respect of bank
guarantees (net of margin) |
5.518 |
1.027 |
MATERIAL CHANGES
There are no material changes, affecting the financial position of the Company which have occurred between the end of financial year of the Company to which the Balance Sheet relate and the date of report. Industrial Relations
Employer - employee relations have been cordial during the year under report, we hope to remain so in the future.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10542626 |
27/12/2014 |
30,000,000.00 |
BANK OF INDIA |
NEW DELHI MID CORPORATE BRANCH, 37,SHAHEED BHAGAT |
C40228991 |
|
2 |
10546582 |
11/12/2014 |
21,000,000.00 |
ORIENTAL BANK OF COMMERCE |
NACHAN ROAD, BENACHITY, DURGAPUR, WEST BENGAL - 7 |
C42215293 |
|
3 |
10471340 |
26/12/2013 |
135,000,000.00 |
BANK OF INDIA (LEAD BANK) |
NEW DELHI MID CORPORATE BRANCH, 37, SAHEED BHAGAT |
B93941953 |
|
4 |
10160864 |
26/12/2013 * |
850,000,000.00 |
BANK OF INDIA (LEAD BANK) |
NEW DELHI MID CORPORATE BRANCH, 37, SAHEED BHAGAT |
B93938181 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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.63.49 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.69.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
45 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.