MIRA INFORM REPORT
|
Report No. : |
333167 |
|
Report Date : |
21.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
OSWAL INDUSTRIES LIMITED (w.e.f. 11.11.1994) |
|
|
|
|
Formerly Known
As : |
OSWAL CASTINGS LIMITED (w.e.f.11.11.1994) OSWAL CASTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bileshwrpura, Taluka Gandhi Nagar, Chhatral – 382729, Gujarat |
|
Tel. No.: |
91-2764-233661 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
19.03.1983 |
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|
|
|
Com. Reg. No.: |
04-006037 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.93.594 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27100GJ1983PLC006037 |
|
|
|
|
IEC No.: |
0895006383 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMO00419G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3443L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing of M.S. and S.S Castings and Industrial valves and
Trading of Scrap and Fittings. |
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|
|
|
No. of Employees
: |
250 (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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|
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Litigation : |
Clear |
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Comments : |
Subject was originally incorporated as Oswal Castings Private Limited
in 1983, subsequently, it forward integrated to manufacture industrial valves
and got converted into a public limited company name Oswal Industries
Limited. Subject is a well-established company having a satisfactory track. The ratings derive strength from the vast experience of the promoters
of company in the industrial valve manufacturing business, its established
track record and long-standing relationship with customers. The ratings also take into account on company comfortable leverage and
debt coverage indicators. The rating are, however, constrained on company high working capital
intensity of its operations and susceptibility of its profitability to
volatile raw material prices. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for normal business dealings at usual
trade terms and conditions. Note: The company got delisted
from all stock exchange in the year 2012. |
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 |
BBB (Long Term Rating): Suspended |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
November 25, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A3+ (Short Term Rating): Suspended |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
November 25, 2013 |
Reason for Suspension: The suspension of rating is
on account of non-cooperation by OIL with Crisil’s efforts to undertake a
review of the ratings outstanding.
|
Rating Agency Name |
CARE |
|
Rating |
BBB+ (Long Term Bank Facilities) |
|
Rating Explanation |
Have moderate degree of safety and carry moderate
credit risk. |
|
Date |
August 28, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
A3+ (Short Term Rating) |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
August 28, 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) DEFAILTERS’ 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. Rajesh |
|
Designation : |
Account Manager |
|
Contact No.: |
91-2764-304996 |
|
Date : |
21.07.2015 |
LOCATIONS
|
Registered Office/ Foundry Division : |
Bileshwrpura, Taluka Gandhi Nagar, Chhatral – 382729, Gujarat, India |
|
Tel. No.: |
91-2764-232261/ 233661 /226885/ 304700 |
|
Fax No.: |
91-2764-233411/ 226882 |
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E-Mail : |
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|
Website : |
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|
|
Value Division/ Factory : |
Block No. 258, Ahmedabad – Mehsana Expressway, Village – Ola, Post –
Island, Taluka- Kalol, District- Gandhinagar - 382740, Gujarat. India |
|
Tel. No.: |
91-2764-3047000/304997/304998 |
|
Fax No.: |
91-2764-226882 |
|
|
|
|
Sales Office : |
3rd Floor, Kartar Mansion, Tribhuvan Road, Off. Lamington
Road, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-61448000-99 |
|
Fax No.: |
91-22-23861642 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Babulal H Bokadia |
|
Designation : |
Chairman and Managing Director |
|
Address : |
3, Manipushpa Society, Part – 6, Near Surdhara Circle, Thaltej,
Ahmedabad – 380 054, Gujarat, India |
|
Date of Birth/Age : |
27.02.1958 |
|
Qualification : |
SSC examination from Rajasthan State Board |
|
PAN No.: |
AHZPB6642H |
|
Date of Appointment : |
19.03.1983 |
|
DIN No.: |
00559976 |
|
|
|
|
Name : |
Mr. Jitendra H Bokadia |
|
Designation : |
Executive Director |
|
Address : |
191, 19 Rushabh Apartment, Parekh Street, Pratna Samaj, Mumbai - 400 004, Maharashtra, India |
|
Qualification : |
SSC examination from Rajasthan State Board |
|
Date of Appointment : |
01.08.1993 |
|
DIN No.: |
02219590 |
|
|
|
|
Name : |
Mr. Jayant Babulal Bokadia |
|
Designation : |
Whole Time Director |
|
Address : |
3, Manipushpa Society, Part – 6, Near Surdhara Circle, Thaltej,
Ahmedabad – 380 054, Gujarat, India |
|
Date of Birth/Age : |
09.06.1982 |
|
Qualification : |
Bachelor of Computers degree from Narsinbhai Patel College
of Computer Studies and MBA (Finance) degree from AMA Gujarat |
|
PAN No.: |
ABNPB5384L |
|
Date of Appointment : |
23.08.2005 |
|
DIN No.: |
02408771 |
|
|
|
|
Name : |
Mr. Ravi Parasmalji Doshi |
|
Designation : |
Whole Time Director |
|
Address : |
454, S.V.P. Road, Peerbhoy Mansion, 3RD Floor, Flat No. 26, Mumbai – 400 004, Maharashtra, India |
|
Date of Birth/Age : |
29.07.1982 |
|
Qualification : |
MBA (International Business) degree from London Metropolitan
University, Certificate Course from Keil University-Germany and Business
English Certification by University of Cambridge |
|
PAN No.: |
AHTPD9038R |
|
Date of Appointment : |
23.08.2005 |
|
DIN No.: |
02219600 |
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|
|
|
Name : |
Mr. Neeraj Yadav |
|
Designation : |
Director |
|
Address : |
Sardar Patel Marg, Jaipur - 302 019, Rajasthan, India |
|
Date of Birth/Age : |
23.08.1974 |
|
Qualification : |
BE (Production and Industrial Engineering) degree from
University of Rajasthan Institute and MBA (Operations management) degree from
IGNOU |
|
Date of Appointment : |
14.09.2009 |
|
DIN No.: |
00839896 |
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|
|
|
Name : |
Mr. Arvind Kumar Bhandari |
|
Designation : |
Director |
|
Address : |
101, Samprat Residency - II, Behind Styagrah Chavni, Bodakdev,
ahmedbad-380 054, Gujarat, India |
|
Date of Birth/Age : |
02.04.1949 |
|
Qualification : |
M. Sc degree from PAU, Uttar Pradesh |
|
Date of Appointment : |
31.10.2009 |
|
DIN No.: |
00586234 |
|
|
|
|
Name : |
Mr. Rashmikant Chhabildas Mehta |
|
Designation : |
Director |
|
Address : |
27, Samadhur Society, Behind Ocean Park, Satellite Road, Ahmedabad -
380 015, Gujarat, India |
|
Date of Birth/Age : |
04.10.1948 |
|
Qualification : |
Chartered Accountant |
|
Date of Appointment : |
03.02.2010 |
|
DIN No.: |
02933012 |
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|
|
|
Name : |
Mr. Ghulam Mohammed Ghouse |
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Designation : |
Additional Director |
|
Address : |
8-A Picadilly Flats, Clare Road, Byculla, Mumbai – 400008, Maharashtra,
India |
|
Date of Birth/Age : |
15.07.1924 |
|
Date of Appointment : |
24.05.2013 |
|
DIN No.: |
00591038 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mr. Sanjay Kumar Ojha |
|
Designation : |
Secretary |
|
Address : |
Aster-6, Shukan-6, Opposite Science City, Sola Road, Ahmedabad –
380061, Gujarat, India |
|
Date of Birth/Age : |
25.05.1964 |
|
Date of Appointment : |
05.03.2013 |
|
PAN No.: |
AADPO9970C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
Bodies corporate |
|
23.62 |
|
Directors or relatives of directors |
|
74.66 |
|
Other top fifty shareholders |
|
1.60 |
|
Others |
|
0.12 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of M.S. and S.S Castings and Industrial valves and
Trading of Scrap and Fittings. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Gulf 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 : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
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Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Mehta Lodha and Company Chartered Accountants |
|
Address : |
105, Sakar – 1st Floor, Opposite Gandhigram Railway
Station, Ashram Road, Ahmedabad – 380 009, Gujarat, India |
|
Tel. No.: |
91-79-26586683/ 84/85 |
|
Fax No.: |
91-79-26586684 |
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PAN No.: |
AACFM6805H |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
Oswal Infrasteucture Limited U17110GJ1991PLC016722 |
CAPITAL STRUCTURE
As on: 31.03.2014
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs.93.594 Millions
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9359400 |
Equity Shares |
Rs.10/- each |
Rs.93.594 Millions |
|
|
|
|
|
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 |
93.594 |
93.594 |
93.594 |
|
(b) Reserves & Surplus |
591.508 |
526.883 |
421.259 |
|
(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) |
685.102 |
620.477 |
514.853 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.183 |
2.699 |
3.301 |
|
(b) Deferred tax liabilities
(Net) |
35.520 |
37.442 |
35.934 |
|
(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) |
36.703 |
40.141 |
39.235 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
160.144 |
280.763 |
356.862 |
|
(b) Trade payables |
75.679 |
69.890 |
98.937 |
|
(c) Other current liabilities |
7.357 |
51.063 |
33.236 |
|
(d) Short-term provisions |
2.875 |
11.433 |
1.198 |
|
Total
Current Liabilities (4) |
246.055 |
413.149 |
490.233 |
|
|
|
|
|
|
TOTAL |
967.860 |
1073.767 |
1044.321 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
372.594 |
368.627 |
349.863 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.440 |
19.789 |
10.919 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.226 |
7.377 |
6.575 |
|
(e) Other Non-current assets |
0.000 |
2.557 |
0.504 |
|
Total
Non-Current Assets |
383.260 |
398.350 |
367.861 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
192.422 |
253.575 |
368.759 |
|
(c) Trade receivables |
234.344 |
359.160 |
215.661 |
|
(d) Cash and cash equivalents |
98.946 |
27.976 |
31.581 |
|
(e) Short-term loans and
advances |
52.597 |
28.648 |
51.857 |
|
(f) Other current assets |
6.291 |
6.058 |
8.602 |
|
Total
Current Assets |
584.600 |
675.417 |
676.460 |
|
|
|
|
|
|
TOTAL |
967.860 |
1073.767 |
1044.321 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
981.733 |
1306.906 |
1015.803 |
|
|
Other Income |
17.149 |
6.287 |
12.501 |
|
|
TOTAL
(A) |
998.882 |
1313.193 |
1028.304 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of materials consumed |
479.554 |
650.906 |
747.400 |
|
|
Changes in inventories of finished goods, work-in-progress
and stock-in-trade |
69.360 |
114.346 |
(208.770) |
|
|
Employee benefit expense |
77.671 |
82.400 |
75.409 |
|
|
Other expenses |
194.105 |
199.551 |
214.966 |
|
|
Prior Period Items |
0.000 |
0.000 |
0.085 |
|
|
TOTAL
(B) |
820.690 |
1047.203 |
829.090 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
178.192 |
265.990 |
199.214 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
27.504 |
48.352 |
37.695 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
150.688 |
217.638 |
161.519 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
45.672 |
46.123 |
31.472 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
105.016 |
171.515 |
130.047 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
29.513 |
55.013 |
38.841 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
75.503 |
116.502 |
91.206 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
418.081 |
317.456 |
242.164 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
|
5.000 |
5.000 |
|
|
Dividend and Dividend Distribution Tax thereon |
|
10.877 |
10.914 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
NA |
418.081 |
317.456 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
8.07 |
12.45 |
9.74 |
Expected Sales (2014-15): Rs. 1200.000 Millions
The above information has been parted by Mr.Nilesh Vakharia (Accounts
Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.69
|
8.91 |
8.97 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
18.15
|
20.35 |
19.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.86 |
16.27 |
12.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.28 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.24 |
0.46 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.38 |
1.63 |
1.38 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
93.594 |
93.594 |
93.594 |
|
Reserves & Surplus |
421.259 |
526.883 |
591.508 |
|
Net
worth |
514.853 |
620.477 |
685.102 |
|
|
|
|
|
|
long-term borrowings |
3.301 |
2.699 |
1.183 |
|
Short term borrowings |
356.862 |
280.763 |
160.144 |
|
Total
borrowings |
360.163 |
283.462 |
161.327 |
|
Debt/Equity
ratio |
0.700 |
0.457 |
0.235 |
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 |
1015.803 |
1306.906 |
981.733 |
|
|
|
28.657 |
(24.881) |
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 |
1015.803 |
1306.906 |
981.733 |
|
Profit |
91.206 |
116.502 |
75.503 |
|
|
8.98% |
8.91% |
7.69% |
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 |
Yes |
|
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 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10133726 |
21/12/2013 * |
725,000,000.00 |
PUNJAB NATIONAL BANK |
LCB, NILKAMAL BUILDING,, OPP. SALES INDIA, ASHRAM ROAD, AHMEDABAD, GUJARAT 380009, INDIA |
B93117034 |
|
2 |
10094383 |
07/02/2008 |
20,000,000.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, NEEL KAMAL BUILDING, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
A35155753 |
|
3 |
10072806 |
09/10/2007 |
291,000,000.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, NEEL KAMAL BUILDING, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
A25709213 |
|
4 |
10009834 |
21/12/2013 * |
725,000,000.00 |
PUNJAB NATIONAL BANK |
LCB, NILKAMAL BUILDING, OPP. SALES INDIA, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009, INDIA |
B92973569 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
- Freehold Land
- Building
- Plant and Machinery
- Computer
- Vehicles
- Furniture and Fixtures
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
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 |
|
UK Pound |
1 |
Rs. 97.65 |
|
Euro |
1 |
Rs. 70.43 |
INFORMATION DETAILS
|
Information Gathered
by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
6 |
|
--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 |
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 |
|
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.