MIRA INFORM REPORT
|
Report No. : |
334708 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROOP POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
1st Floor, Hasan Building, Near Minerva Cinema, Kashmere
Gate, Delhi - 110006 |
|
Tel. No.: |
91-124-4610801 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.05.1996 |
|
|
|
|
Com. Reg. No.: |
55-079003 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.76.771
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DL1996PLC079003 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR5365C |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Rubber and Plastic for Auto Components. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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 |
CARE |
|
Rating |
Long term Bank facilities = BBB |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
26.12.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities = A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
26.12.2014 |
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.
LOCATIONS
|
Registered Office : |
1st Floor, Hasan Building, Near Minerva Cinema, Kashmere
Gate, Delhi - 110006, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office/ Factory 1 : |
Plot No.30, IMT, Sector-3, Manesar, Gurgaon - 122002, Haryana, India |
|
Tel. No.: |
91-124-4610801/ 899/ 4610856 |
|
Fax No.: |
91-124-4369692 |
|
E-Mail : |
|
|
|
|
|
Head Office/ Factory 2 : |
27 and 28, IDC, Mehravli Road, Gurgaon - 122006, Haryana, India |
|
Tel. No.: |
91-124-5081970/ 2362936-37/ 22622027-28/ 5084096 |
|
Fax No.: |
91-124-2362836/ 2327403 |
|
E-Mail : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 3 : |
68, Roz-Ka-Meo Industrial Area, Sohna, Gurgaon, Haryana, India |
|
Area : |
1000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Overseas Offices: |
Located At: ·
·
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Anil Jain |
|
Designation : |
Managing director |
|
Address : |
Plot No. 614, Sector 15-I, Urban Estate,
Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
01.05.1955 |
|
Qualification : |
B.SC and Diploma in Rubber Technology |
|
Date of Appointment : |
20.05.1996 |
|
PAN No.: |
AAPPJ6358K |
|
DIN No.: |
00046879 |
|
|
|
|
Name : |
Mr. Hitesh Jain |
|
Designation : |
Whole-time director |
|
Address : |
H N 730, Sector – 15, Part-II, Urban Estate, Gurgaon – 122001, Haryana, India |
|
Date of Birth/Age : |
15.05.1959 |
|
Qualification : |
B.SC and Diploma in Rubber Technology |
|
Date of Appointment : |
20.05.1996 |
|
PAN No.: |
AAPPJ6360D |
|
DIN No.: |
00046850 |
|
|
|
|
Name : |
Mr. Mohit Oswal |
|
Designation : |
Whole-time director |
|
Address : |
House No. 103-L, New Colony, Gurgaon – 122001,
Haryana, India |
|
Date of Birth/Age : |
28.08.1965 |
|
Date of Appointment : |
01.06.2013 |
|
PAN No.: |
AADPO1072F |
|
DIN No.: |
00046674 |
|
|
|
|
Name : |
Mr. Prem Kumar |
|
Designation : |
Director |
|
Address : |
B-36/174, Vikas Nagar, Pakhowal Road,
Ludhiana - 141002, Punjab, India |
|
Date of Birth/Age : |
26.06.1953 |
|
Date of Appointment : |
29.10.2005 |
|
DIN No.: |
00051349 |
|
|
|
|
Name : |
Mr. Rajinder Singh Kundi |
|
Designation : |
Director |
|
Address : |
258-B, Sector - 14, Gurgaon - 122001,
Haryana, India |
|
Date of Birth/Age : |
15.02.1941 |
|
Date of Appointment : |
20.05.2006 |
|
DIN No.: |
00203082 |
|
|
|
|
Name : |
Mr. Manan Jain |
|
Designation : |
Whole-time director |
|
Address : |
Plot No. 614, Sector 15, Part I, Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
06.04.1990 |
|
Date of Appointment : |
01.06.2013 |
|
DIN No.: |
03159379 |
|
|
|
|
Name : |
Mr. Rishi Jain |
|
Designation : |
Director |
|
Address : |
H. No. 730, Sector-15, Part II, Gurgaon – 122001,
Haryana, India |
|
Date of Birth/Age : |
29.11.1990 |
|
Date of Appointment : |
04.08.2010 |
|
DIN No.: |
03160582 |
|
|
|
|
Name : |
Mr. Kunal Jain |
|
Designation : |
Whole-time director |
|
Address : |
H. No. 730, Sector-15, Part II, Gurgaon – 122001,
Haryana, India |
|
Date of Birth/Age : |
02.11.1985 |
|
Qualification : |
M.SC. |
|
Date of Appointment : |
19.01.2011 |
|
DIN No.: |
03386898 |
KEY EXECUTIVES
|
Name : |
Ms. Pooja Nirmal |
|
Designation : |
Secretary |
|
Address : |
46D/3, Gopal Nagar, Near City Bus Stand, Gurgaon - 122001, Haryana, India
|
|
Date of Birth/Age : |
20.01.1987 |
|
Date of Appointment : |
17.07.2010 |
|
PAN No.: |
AIBPN1385N |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Name
of Shareholders |
No. of
Shares |
|
Non-Corporate
Shareholders [Individuals] |
|
|
Anil Jain |
1572700 |
|
Mohit Oswal |
492100 |
|
Hitesh Jain |
1338200 |
|
Anju Jain |
200400 |
|
Kanta Jain |
12000 |
|
Meenakshi Jain |
199500 |
|
Sarita Oswal |
100000 |
|
Meenakshi Kilm |
80000 |
|
K.L. Appachu |
50000 |
|
Suneer Jain |
20000 |
|
Ram Prasad Jain |
11000 |
|
Vibhav Kilm |
5000 |
|
Garde |
20000 |
|
Pawan Siegell |
30000 |
|
Sudhir |
226020 |
|
Rishi Jain |
170000 |
|
Corporate
Shareholders |
|
|
Roop Rubber Mills Limited, India |
2670100 |
|
Roop Automotives Limited, India |
60100 |
|
PCB Constructions Private Limited, India |
50000 |
|
Technico Agencies Private Limited, India |
60000 |
|
Prateek Securities Private Limited, India |
50000 |
|
Pass Food Production Private Limited, India |
60000 |
|
M.S. Capital and Management Services Limited, India |
75000 |
|
M.S. Leasing Private Limited, India |
50000 |
|
Kush Leasing Private Limited, India |
75000 |
|
|
|
|
Total |
7677120 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings [Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others] |
2.94 |
|
Bodies corporate |
41.03 |
|
Directors or relatives of Directors |
54.09 |
|
Other top fifty shareholders |
1.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Rubber and Plastic for Auto Components. |
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Products/ Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
· Citibank N.A Jeevan Bharti Building, 4th Floor, 124, Connaught Circus, Connaught Place, New Delhi - 110001, Delhi, India · HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Kotak Mahindra Bank Limited Ambadeep Building, 14, Kasturba Gandhi Marg, New Delhi -
110001, Delhi, India |
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Facilities : |
|
|
Financial Institution : |
Bajaj Finance Limited, Akurdi Pune, Pune - 411035, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Scan Associates Chartered Accountants |
|
Address : |
108, Aradhana Bhawan, Commercial Complex, Azadpur, New
Delhi – 110033, India |
|
Tel. No.: |
91-11-27671631/ 27672697 |
|
E-Mail : |
|
|
PAN
No.: |
AANFS3580L |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Roop Rubber Mills Limited [U25199HR1986PLC026152] · S.A. Agencies · Jainco Rubber Industries Limited · Roop Arinna Fabricators Private Limited |
|
|
|
|
Joint Venture : |
Roop Koepp Foam Technologies Private Limited
[U25192HR2011PTC042766] |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8245000 |
Equity Shares |
Rs.10/- each |
Rs.82.450 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7677120 |
Equity Shares |
Rs.10/- each |
Rs.76.771 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 |
76.771 |
76.771 |
68.471 |
|
(b) Reserves & Surplus |
740.942 |
636.966 |
520.110 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
4.100 |
|
Total
Shareholders’ Funds (1) + (2) |
817.713 |
713.737 |
592.681 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
327.945 |
145.555 |
84.541 |
|
(b) Deferred tax liabilities (Net) |
3.201 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
22.359 |
7.789 |
10.207 |
|
(d) long-term
provisions |
0.000 |
19.592 |
14.193 |
|
Total Non-current
Liabilities (3) |
353.505 |
172.936 |
108.941 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
143.715 |
219.180 |
221.701 |
|
(b) Trade
payables |
413.126 |
394.675 |
371.941 |
|
(c) Other
current liabilities |
178.225 |
165.588 |
73.431 |
|
(d) Short-term
provisions |
24.006 |
20.686 |
17.733 |
|
Total Current
Liabilities (4) |
759.072 |
800.129 |
684.806 |
|
|
|
|
|
|
TOTAL |
1930.290 |
1686.802 |
1386.428 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
849.614 |
783.488 |
556.366 |
|
(ii) Intangible
Assets |
2.814 |
2.269 |
0.550 |
|
(iii)
Capital work-in-progress |
99.192 |
38.455 |
36.321 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
58.227 |
45.663 |
31.859 |
|
(c) Deferred tax assets (net) |
6.714 |
0.173 |
1.384 |
|
(d) Long-term Loan and Advances |
62.995 |
32.785 |
41.497 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1079.556 |
902.833 |
667.977 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
171.633 |
186.577 |
136.276 |
|
(c) Trade
receivables |
560.802 |
511.047 |
489.202 |
|
(d) Cash
and cash equivalents |
80.582 |
27.762 |
33.159 |
|
(e) Short-term
loans and advances |
35.615 |
58.527 |
59.810 |
|
(f) Other
current assets |
2.102 |
0.056 |
0.004 |
|
Total
Current Assets |
850.734 |
783.969 |
718.451 |
|
|
|
|
|
|
TOTAL |
1930.290 |
1686.802 |
1386.428 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
2686.103 |
2599.881 |
2237.335 |
|
|
|
Other Income |
17.853 |
9.121 |
13.368 |
|
|
|
TOTAL (A) |
2703.956 |
2609.002 |
2250.703 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1496.760 |
1513.722 |
1290.577 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
14.203 |
(39.367) |
(23.156) |
|
|
|
Employees benefits expense |
213.472 |
179.664 |
133.941 |
|
|
|
Other expenses |
625.138 |
597.837 |
486.431 |
|
|
|
TOTAL (B) |
2349.573 |
2251.856 |
1887.793 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
354.383 |
357.146 |
362.910 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
55.858 |
59.637 |
36.932 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
298.525 |
297.509 |
325.978 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
152.977 |
127.336 |
93.108 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
145.548 |
170.173 |
232.870 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
41.572 |
53.316 |
60.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
103.976 |
116.857 |
172.682 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
142.731 |
128.260 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
0.000 |
50.182 |
|
|
|
Capital Goods |
NA |
0.000 |
31.724 |
|
|
TOTAL IMPORTS |
NA |
0.000 |
81.906 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.54 |
15.28 |
25.22 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
112.538 |
116.423 |
30.264 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
395.205 |
362.594 |
222.018 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
3.87 |
4.49 |
7.72 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
13.19 |
13.74 |
16.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
8.24 |
10.62 |
17.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.24 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.71 |
0.67 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
0.98 |
1.05 |
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 |
68.471 |
76.771 |
76.771 |
|
Reserves & Surplus |
520.110 |
636.966 |
740.942 |
|
Share Application money pending
allotment |
4.100 |
0.000 |
0.000 |
|
Net
worth |
592.681 |
713.737 |
817.713 |
|
|
|
|
|
|
long-term borrowings |
84.541 |
145.555 |
327.945 |
|
Short term borrowings |
221.701 |
219.180 |
143.715 |
|
Current Maturities of Long term debt |
30.264 |
116.423 |
112.538 |
|
Total
borrowings |
336.506 |
481.158 |
584.198 |
|
Debt/Equity
ratio |
0.568 |
0.674 |
0.714 |
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 |
2237.335 |
2599.881 |
2686.103 |
|
|
|
16.204 |
3.316 |
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
|
2237.335 |
2599.881 |
2686.103 |
|
Profit |
172.682 |
116.857 |
103.976 |
|
|
7.72% |
4.49% |
3.87% |
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 |
Yes |
|
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 |
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) |
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10537205 |
31/10/2014 |
50,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA |
C37299906 |
|
2 |
10478083 |
18/01/2014 |
50,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA |
B96596069 |
|
3 |
10478176 |
18/01/2014 |
50,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, PUNE, MAHARASHTRA - 411035, INDIA |
B96595749 |
|
4 |
10481056 |
06/01/2014 |
1,650,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B97812762 |
|
5 |
10490246 |
27/11/2013 |
1,206,000.00 |
ICICI BANK LIMITED |
ICICI BANK LIMITED, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C02920643 |
|
6 |
10511452 |
21/11/2013 |
2,352,650.00 |
ICICI BANK LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
C13960851 |
|
7 |
10465527 |
20/11/2013 |
1,000,000.00 |
BMW INDIA FINANCIAL SERVICES PRIVATE LIMITED |
TOWER C, 14TH FLOOR, BUILDING NO. 10, DLF CYBER CITY, PHASE-II, GURGAON, HARYANA - 122002, INDIA |
B91694158 |
|
8 |
10442141 |
15/07/2013 |
35,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B81732950 |
|
9 |
10425744 |
15/05/2013 |
115,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B75141853 |
|
10 |
10425621 |
09/05/2013 |
48,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B75106179 |
|
11 |
10377343 |
06/09/2012 |
830,000.00 |
CORPORATION BANK -GURGAON - LARGE CORPORATE BRANCH |
SCF 87/88 (FIRST FLOOR), SHOPPING AREA, SECTOR -14, GURGAON, HARYANA - 122001, INDIA |
B58427758 |
|
12 |
10352499 |
01/10/2014 * |
100,000,000.00 |
CITIBANK N.A |
JEEVAN BHARTI BUILDING, 4TH FLOOR, 124, CONNAUGHT CIRCUS, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA |
C30608889 |
|
13 |
10341554 |
05/03/2012 |
3,726,000.00 |
CORPORATION BANK -GURGAON - LARGE CORPORATE BRANCH |
SCF 87/88 (1ST FLOOR), SHOPPING AREA, SECTOR -14, GURGAON, HARYANA - 122001, INDIA |
B34722454 |
|
14 |
10363523 |
17/03/2011 |
2,800,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B22604797 |
|
15 |
10367404 |
17/03/2011 |
2,800,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B22563985 |
|
16 |
10368300 |
17/03/2011 |
2,800,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B22474092 |
|
17 |
10247839 |
03/02/2014 * |
348,400,000.00 |
KOTAK MAHINDRA BANK LIMITED |
AMBADEEP BUILDING, 14, KASTURBA GANDHI MARG, NEW DELHI, DELHI - 110001, INDIA |
B96171137 |
|
18 |
10174572 |
02/12/2010 * |
51,689,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B73829228 |
|
19 |
10023773 |
28/05/2013 * |
35,000,000.00 |
CITI BANK N.A. |
JEEVAN BHARTI BUILDING, 4TH FLOOR, 124, CONNAUGHT CIRCUS, CONNAUGHT PLACE, NEW DELHI - 110001, INDIA |
B78260791 |
*Date of modification Charges
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.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
51 |
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.