MIRA INFORM REPORT
|
Report No. : |
334307 |
|
Report Date : |
31.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHARAT BEAMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 10/3, Phase-I, GIDC Industrial Estate, Vatva, Ahmedabad –
382445, Gujarat |
|
Mobile No.: |
91-9979775957 (Mr. Snehal Jayantilal Panchal) |
|
|
|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
30.06.2011 |
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|
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Com. Reg. No.: |
04-066111 |
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Capital
Investment / Paid-up Capital : |
Rs.30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29261GJ2011PTC066111 |
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|
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IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Textile Beam use for Barker, Weaving
Machine etc. |
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No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. For the financial year ended 2014, company possesses healthy
operational risk profile and it has achieved decent profitability margins
during a year under a review. Rating also takes into consideration company’s improved financial risk
profile and moderate debt protection metrics of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. 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. Snehal Jayantilal Panchal |
|
Designation : |
Director |
|
Contact No.: |
91-9979775957 |
|
Date : |
29.07.2015 |
LOCATIONS
|
Registered Office / Factory : |
Plot No. 10/3, Phase-I, GIDC Industrial Estate, Vatva, Ahmedabad –
382445, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9979775957 (Mr. Snehal Jayantilal Panchal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Prakashbhai Hemendrabhai Shah |
|
Designation : |
Director |
|
Address : |
22,Sweet Home Society, Ambawadi, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
13.11.1944 |
|
Date of Appointment : |
30.06.2011 |
|
DIN No.: |
00170967 |
|
|
|
|
Name : |
Firdos Sorab Cambatta |
|
Designation : |
Director |
|
Address : |
314/3, Hansol, Ahmedabad - 380003, Gujarat, India |
|
Date of Birth/Age : |
24.10.1936 |
|
Date of Appointment : |
30.06.2011 |
|
DIN No.: |
00051665 |
|
|
|
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Name : |
Jayantilal Chhaganlal Panchal |
|
Designation : |
Director |
|
Address : |
D/2, New Pallav Apartment, Ankur Road, Naranpura, Ahmedabad - 380013, Gujarat, India |
|
Date of Birth/Age : |
26.04.1946 |
|
Date of Appointment : |
01.09.2011 |
|
DIN No.: |
00170486 |
|
|
|
|
Name : |
Snehal Jayantilal Panchal |
|
Designation : |
Director |
|
Address : |
D-2, New Pallav Apartment, Ankur Road, Naranpura, Ahmedabad - 380013, Gujarat, India |
|
Date of Birth/Age : |
25.01.1974 |
|
Date of Appointment : |
01.09.2011 |
|
DIN No.: |
03621729 |
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|
|
|
Name : |
Bhavinbhai Hemendrabhai Shah |
|
Designation : |
Director |
|
Address : |
Banglow - 36, Sujan Bunglow, Near Shreyas School, Ambawadi, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
09.09.1963 |
|
Date of Appointment : |
01.09.2011 |
|
DIN No.: |
00171205 |
|
|
|
|
Name : |
Amoliben Prakashbhai Shah |
|
Designation : |
Director |
|
Address : |
22, Sweet Home Society, Ambawadi, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
29.07.1973 |
|
Date of Appointment : |
29.06.2013 |
|
DIN No.: |
00171468 |
|
|
|
|
Name : |
Apurvabhai Navinbhai Kapadia |
|
Designation : |
Director |
|
Address : |
116, Manekbaug Society, Ambawadi, Ahmedabad, 380015, Gujarat, India |
|
Date of Birth/Age : |
05.11.1967 |
|
Date of Appointment : |
29.06.2013 |
|
DIN No.: |
00171719 |
DIRECTORS
|
Name : |
Manoj Hurkat and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
306, Arth Complex, B/H A K Patel House, Near Mithakhali Six Road, Navrangpura, Ahmedabad – 380009, Gujarat, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Firdos Sorab Cambatta, Yasmin Firdos Cambatta and Samir Anil Shah |
870000 |
29.00 |
|
Jayantilal Chhaganlal Panchal |
10000 |
0.33 |
|
Prakashbhai Hemendrabhai Shah |
630000 |
21.00 |
|
Bhavinbhai Hemendrabhai Shah |
600000 |
20.00 |
|
Snehal Jayantilal Panchal |
10000 |
0.33 |
|
Amoliben Prakashbhai Shah |
150000 |
5.00 |
|
Apurvabhai Navinbhai Kapadia |
150000 |
5.00 |
|
Jayantilal Chhaganlal Panchal and Ranjan J. Panchal |
290000 |
9.67 |
|
Snehal Jayantilal Panchal and Pallavi Snehal Panchal |
290000 |
9.67 |
|
|
|
|
|
Total |
3000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 24.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Textile Beam use for Barker, Weaving
Machine etc. |
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|
|
|
Products : |
Textile Beam use for Barker, Weaving Machine etc. |
|
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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 : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Advance Payment |
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Purchasing : |
Advance Payment |
PRODUCTION STATUS : AS ON 31.03.2014
|
Particulars |
|
|
Unit |
Actual Production |
|
Warper, Weaver Beam |
|
|
Nos. |
2999 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Facilities : |
Note : Long Term
Borrowings Term Loans From IDBI Bank (a) Nature of Securities (i) lDBl loan Against Property is Secured by Land at Plot No. 1013 admeasuring 6305 sq.mtr. Along with Construction in Vatva GlDC Phase I forming Part of Survey I Block No. 970 Paiki and 972+973 paiki of mouje Vatva, Sub-District Ahmedabad -1 1 (Aslali) and Distict Ahmedabad in the State of Gujrat together with Undivided Share in the Land and all the Structures thereon. (ii) lDBl Term Loan Against Factory Land ,Building and Existing Machineries is Secured by way of First & Exclusive Charge in Favour of IDBl Bank by the whole of the Movable Properties including its movable Plant and Machinery, Machinery Spares. Tools and Accessories and Raw Materials, Goods, Stocks, Book Debts, Vehicles and at other movables, including Receivables, Documents of title to goods , Outstandings Monies, bills, invoice, Documents, contracts, insurance policies ,guarantees, investments, and right, both present and future whether installed or not and whether now lying loose or in cases or which are now lying or store in or about or shall year after from time to time during the continuance of the security or these presents be brought into or upon or be stored or be in or about all the offices, premises, factories and godowns or else the same may be or be held by any party to the order or the disposition of or in the course of transits or on high seas or on order or delivery, howsoever in the possession of the borrower and either by the way of substitution of addition. (iii) lDBl Loan against Motor Car is Secured by hypothecation of Honda City DLS VMT. (b) Maturity Profile of Term Loans from
IDBl Bank
Short Term Borrowings Working Capital Loan from lDBl Bank : Cash credit facility Secured by way of First and Exclusive Charge in Favour of ID01 Bank by the whole of the Movable Properties including its movable Plant and machinery, Machinery Spares, Tools and Accessories and raw Materials, goods, Stocks, Book Debts, Vehicles And all Other Movables, including Receivables, Documents of title to goods, Outstandings Monies, bills, invoice , Documents, contracts, insurance policies ,guarantees, investments, and right, both present and future whether installed or not and whether now lying loose or in cases or which are now lying or store in or about or shall year after from time to time during the continuance of the security or these presents be brought into or upon or be stored or be in or about all the offices, premises, factories and godowns or else the same may be or be held by any party to the order or the disposition of or in the course of transits or on high seas or on order or delivery, howsoever in the possession of the borrower and either by the way of substitution of addition. |
|
Auditors : |
|
|
Name : |
Suresh a. Gandhi and Company Chartered Accountants |
|
Address : |
202, Athwa Arcade, Athwa Gate, Surat – 395001, Gujarat, India |
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PAN No.: |
AAOFS6720M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 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 |
30.000 |
1.000 |
1.000 |
|
(b) Reserves &
Surplus |
10.117 |
2.032 |
(0.270) |
|
(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) |
40.117 |
3.032 |
0.730 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
61.239 |
7.692 |
17.679 |
|
(b) Deferred tax
liabilities (Net) |
0.650 |
0.350 |
0.000 |
|
(c) Other long term
liabilities |
0.275 |
0.050 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
62.164 |
8.092 |
17.679 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.000 |
0.000 |
0.000 |
|
(b) Trade payables |
20.435 |
17.558 |
6.712 |
|
(c) Other current
liabilities |
27.152 |
14.623 |
8.257 |
|
(d) Short-term provisions |
8.455 |
2.467 |
0.212 |
|
Total Current Liabilities
(4) |
61.042 |
34.648 |
15.181 |
|
|
|
|
|
|
TOTAL |
163.323 |
45.772 |
33.590 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
45.209 |
12.671 |
9.742 |
|
(ii) Intangible Assets |
0.031 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
86.445 |
0.000 |
1.523 |
|
(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 |
0.724 |
0.005 |
0.005 |
|
(e) Other Non-current
assets |
2.224 |
1.385 |
0.070 |
|
Total Non-Current Assets |
134.633 |
14.061 |
11.340 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
3.017 |
0.000 |
|
(b) Inventories |
15.383 |
19.166 |
8.492 |
|
(c) Trade receivables |
6.887 |
0.332 |
0.000 |
|
(d) Cash and cash
equivalents |
5.271 |
8.365 |
11.794 |
|
(e) Short-term loans and
advances |
0.294 |
0.167 |
0.818 |
|
(f) Other current assets |
0.855 |
0.664 |
1.146 |
|
Total Current Assets |
28.690 |
31.711 |
22.250 |
|
|
|
|
|
|
TOTAL |
163.323 |
45.772 |
33.590 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
166.461 |
98.982 |
12.120 |
|
|
Other Income |
0.829 |
0.055 |
0.015 |
|
|
TOTAL |
167.290 |
99.037 |
12.135 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
99.692 |
60.078 |
9.569 |
|
|
Exceptional Items |
0.000 |
(0.011) |
0.000 |
|
|
Purchase Stock in trade |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
9.966 |
8.068 |
0.228 |
|
|
Other expenses |
32.990 |
20.552 |
1.573 |
|
|
TOTAL |
142.648 |
88.687 |
11.370 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
24.642 |
10.350 |
0.765 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
1.148 |
1.667 |
0.755 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
23.494 |
8.683 |
0.010 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.646 |
2.275 |
0.280 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
20.848 |
6.408 |
(0.270) |
|
|
|
|
|
|
|
Less |
TAX |
7.499 |
2.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
13.349 |
4.408 |
(0.270) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1.582 |
(0.270) |
0.000 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
1.340 |
0.450 |
0.000 |
|
|
Dividend |
4.500 |
1.800 |
0.000 |
|
|
Tax on Dividend |
0.765 |
0.306 |
0.000 |
|
|
Total |
6.605 |
2.556 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
8.326 |
1.582 |
(0.270) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
12.689 |
8.121 |
1.710 |
|
|
TOTAL EARNINGS |
12.689 |
8.121 |
1.710 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
6.20 |
44.08 |
-- |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
135.000 |
|
|
|
|
Due to market
Fluctuation |
The above information has been parted by Mr. Snehal Jayantilal Panchal.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
7.999 |
0.000 |
NA |
|
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) |
(%) |
8.02 |
4.45 |
(2.23) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
14.80 |
10.46 |
6.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
27.12 |
14.00 |
(0.84) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.52 |
2.11 |
(0.37) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.65 |
2.54 |
24.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.47 |
0.92 |
1.47 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1.000 |
1.000 |
30.000 |
|
Reserves & Surplus |
(0.270) |
2.032 |
10.117 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
0.730 |
3.032 |
40.117 |
|
|
|
|
|
|
long-term borrowings |
17.679 |
7.692 |
61.239 |
|
Short term borrowings |
0.000 |
0.000 |
5.000 |
|
Total borrowings |
17.679 |
7.692 |
66.239 |
|
Debt/Equity ratio |
24.218 |
2.537 |
1.651 |
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 |
12.120 |
98.982 |
166.461 |
|
|
|
716.683 |
68.173 |
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 |
12.120 |
98.982 |
166.461 |
|
Profit/Loss |
(0.270) |
4.408 |
13.349 |
|
|
(2.23%) |
4.45% |
8.02% |
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 |
No |
|
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 |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
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) |
|
Short-term
borrowings |
|
|
|
Loans from Directors |
0.000 |
7.692 |
|
|
|
|
|
Total |
0.000 |
7.692 |
OPERATIONS
The Company has during the year increased the capital from Rs.1.000 Million to Rs. 30.000 Million with the purpose that the Company could expand and move into its own premise which was purchased at the end of September, 2013.
The new factory premise is situated on Plot No. 10/3, in Phase-I of the GIDC Industrial Estate, Vatva admeasuring 6305 sq. Mtrs and the building area of 4702.35 sq. Mtrs.
The Company has had to undertake considerable repairs in the new premise, in respect of on the road, floorings etc. and which has been completed by the time this report has been prepared.
The Company has also undertaken the modernization of its existing machine tools which will result in better quality products.
The Company has received IS0 9001 from TUV NORD and also CE certification which will greatly help in the promotion of exports.
Orders for beams remain as on date in a comfortable position.
Inspite of the transition period of changing over to the new premise, which has been successfully done, the Company could increase its sales to an amount of Rs.167.289 Million an increase of nearly 60% of the previous year.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10495561 |
27/03/2014 |
31,500,000.00 |
IDBI BANK LIMITED |
IDBI BANK LIMITED, OFF C. G. ROAD,, AHMEDABAD, GUJARAT - 380006, INDIA |
C02542637 |
|
2 |
10488777 |
27/03/2014 |
90,000,000.00 |
IDBI BANK LIMITED |
IDBI BANK LIMITED, OFF C. G. ROAD,, AHMEDABAD, GUJARAT - 380006, INDIA |
C02543031 |
|
3 |
10488773 |
14/03/2014 |
1,000,000.00 |
IDBI BANK LIMITED |
IDBI BANK LIMITED, OFF C. G. ROAD,, AHMEDABAD, GUJARAT - 380006, INDIA |
C02542017 |
FIXED ASSETS
Tangible Assets
- Leasehold Land
- Machineries
- Vehicles
- Office Equipments
- Temporary Shed
- Computer
Intangible Asset
- Computer
software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.00 |
|
|
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
41 |
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.