MIRA INFORM REPORT
|
Report No. : |
325673 |
|
Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PASUPATI ACRYLON LIMITED |
|
|
|
|
Registered
Office : |
Thakurdwara, Kashipur Road, District Moradabad – 244601, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
22.10.1982 |
|
|
|
|
Com. Reg. No.: |
20-015532 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.891.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L50102UP1982PLC015532 |
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP08493C |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturers of
Acrylic Staple Fibre. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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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 moderate track record. The rating is constrained on account of some accumulated losses
incurred by the company. However, trade relation are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
CRISIL |
|
Rating |
Long term rating = B+ |
|
Rating Explanation |
High risk of default |
|
Date |
June 30, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A4 |
|
Rating Explanation |
Minimal degree of safety. It carry very high credit risk. |
|
Date |
June 30, 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Vinshan |
|
Designation : |
Assistant of Marketing |
|
Contact No.: |
91-161-5083473 |
|
Date : |
02.06.2015 |
LOCATIONS
|
Registered Office : |
Thakurdwara, Kashipur Road, District Moradabad – 244601, Uttar
Pradesh, India |
|
Tel. No.: |
91-161-5083473 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
P-1 Textile Colony, Industrial Area-A, Ludhiana – 141003, Punjab India |
|
Tel. No.: |
91-161-2662422 |
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|
|
|
Corporate Office : |
M-14, Connaught Circus, Middle Circle, New Delhi – 110 001, India |
|
Tel. No.: |
91-11-23715125 / 23723682 / 3656 / 23315901 / 47627400 |
|
Fax No.: |
91-11-2331 0684 / 23730598 / 47627497 |
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E-Mail : |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Vineet Jain |
|
Designation : |
Managing Director |
|
|
|
|
Name : |
Mr. M. M. Kohli |
|
Designation : |
Director |
|
Date of Birth/Age : |
01.06.1930 |
|
Qualification : |
M.A. (Economics) |
|
Date of Appointment : |
01.02.1989 |
|
|
|
|
Name : |
Mr. S. C. Malik |
|
Designation : |
Director |
|
Date of Birth/Age : |
10.01.1950 |
|
Qualification : |
B.Com, (Hons), FCA |
|
Date of Appointment : |
14.02.2012 |
|
|
|
|
Name : |
Mr. Sathyamoorthy |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Devender Singh |
|
Designation : |
Director (PICUP Nominee) |
|
|
|
|
Name : |
Mr. Rakesh Gupta |
|
Designation : |
Director (PICUP Nominee) |
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|
|
|
Name : |
Mr. Rakesh Mundra |
|
Designation : |
Director (Finance) |
|
Date of Birth/Age : |
14.04.1960 |
|
Qualification : |
FCA, FCS and ACMA |
|
Date of Appointment : |
14.02.2012 |
|
Other Directorship: |
AMG Mercantile Private Limited |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Mundra |
|
Designation : |
Company Secretary |
|
|
|
|
Name : |
Mr. Vinshan |
|
Designation : |
Assistant of Marketing |
SHAREHOLDING PATTERN
As on 31.03.2015
|
Category of Shareholder;; |
Total No. of
Shares |
As a % of |
|
(A) Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
17454996 |
19.58 |
|
|
36778697 |
41.26 |
|
|
4481752 |
5.03 |
|
|
58715445 |
65.87 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
58715445 |
65.87 |
|
(B) Public Shareholding |
||
|
|
|
|
|
|
181755 |
0.20 |
|
|
5085 |
0.01 |
|
|
36000 |
0.04 |
|
|
222840 |
0.25 |
|
|
|
|
|
|
2732963 |
3.07 |
|
|
|
|
|
|
14535257 |
16.31 |
|
|
8159662 |
9.15 |
|
|
4766954 |
5.35 |
|
|
676977 |
0.76 |
|
|
1710 |
0.00 |
|
|
4088177 |
4.59 |
|
|
90 |
0.00 |
|
|
30194836 |
33.88 |
|
Total Public shareholding (B) |
30417676 |
34.13 |
|
Total (A)+(B) |
89133121 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
89133121 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of
Acrylic Staple Fibre. |
|
|
|
|
Products : |
Not Available |
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|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
Terms : |
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|
Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
B. K. Shroff and
Company Chartered Accountants |
|
Address : |
New Delhi, India |
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|
|
|
Memberships : (As on 31.03.2014) |
Not Available |
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|
|
|
Collaborators : ( As on 31.03.2014) |
Not Available |
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|
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Enterprises over
which key management personnel/relative have significant influence : (As on 31.03.2014) |
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Other related
parties : (As on 31.03.2014) |
|
CAPITAL STRUCTURE
As on 31.03.2015
Authorized Capital: Not Available
Subscribed & Paid-up Capital:
891.400 Million
As on 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/-each |
Rs.1000.000 Million |
|
|
|
|
|
Issued Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89158825 |
Equity Shares |
Rs.10/-each |
Rs.891.588
Million |
|
|
|
|
|
Subscribed & Paid-up Capital
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
89133121 |
Equity Shares |
Rs.10/-each |
Rs.891.410
Million |
|
|
|
|
|
Note:
- Does not include 15800 Shares Previous year 15800 Shares) forfeited in earlier years, amount forfeited Rs.0.079 Million (Previous year Rs.0.079 Million) included in share capital subscribed and paid up.
- Presently no options are available on un-issued share capital except convertibility clause(s), which can be exercised by the Financial Institution(s) in terms of loan agreement(s).
Details of shares in
the company held by each shareholder holding more than 5% of shares is as
under:
|
Particulars |
31.03.2014 |
|
|
No. of Shares |
% of holding |
|
|
Manish Jain |
15649232 |
17.56 |
|
Shubh Exim Limited |
4500000 |
5.05 |
|
PICUP |
4481752 |
5.03 |
|
Arihant Exports Private Limited |
4627867 |
5.19 |
|
Gurukripa Finvest Private Limited |
9000000 |
10.10 |
|
Sulabh Plantation and Finance Private Limited |
8250000 |
9.26 |
FINANCIAL DATA
[All figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
891.400 |
891.410 |
891.410 |
|
(b) Reserves &
Surplus |
(56.500) |
(124.719) |
(123.511) |
|
(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) |
834.900 |
766.691 |
767.899 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
152.400 |
243.950 |
312.203 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
14.900 |
25.906 |
40.828 |
|
(d) long-term provisions |
19.900 |
15.240 |
9.059 |
|
Total Non-current
Liabilities (3) |
187.200 |
285.096 |
362.090 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
72.700 |
371.604 |
518.117 |
|
(b) Trade payables |
1390.300 |
1219.974 |
884.272 |
|
(c) Other current
liabilities |
230.300 |
197.989 |
209.058 |
|
(d) Short-term provisions |
60.400 |
18.683 |
15.530 |
|
Total Current Liabilities
(4) |
1753.700 |
1808.250 |
1626.977 |
|
|
|
|
|
|
TOTAL |
2775.800 |
2860.037 |
2756.966 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
663.400 |
853.295 |
1049.373 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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) |
168.800 |
235.460 |
269.013 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.700 |
0.695 |
0.697 |
|
Total Non-Current Assets |
832.900 |
1089.450 |
1319.083 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1279.400 |
1135.575 |
1058.196 |
|
(c) Trade receivables |
266.700 |
334.837 |
208.510 |
|
(d) Cash and cash
equivalents |
224.900 |
161.719 |
121.117 |
|
(e) Short-term loans and
advances |
49.400 |
49.726 |
38.397 |
|
(f) Other current assets |
122.500 |
88.730 |
11.663 |
|
Total Current Assets |
1942.900 |
1770.587 |
1437.883 |
|
|
|
|
|
|
TOTAL |
2775.800 |
2860.037 |
2756.966 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
5433.200 |
5305.975 |
4165.885 |
|
|
Other Income |
14.000 |
37.543 |
43.199 |
|
|
TOTAL |
5447.200 |
5343.518 |
4209.084 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
4174.200 |
3692.042 |
3152.681 |
|
|
Purchases of
Stock-in-Trade |
0.800 |
0.990 |
0.962 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(180.000) |
227.066 |
(65.154) |
|
|
Exceptional Items |
34.700 |
31.830 |
0.000 |
|
|
Exceptional
Items-Exchange Fluctuation (Loss) |
0.000 |
0.000 |
0.000 |
|
|
Employees benefits
expense |
182.000 |
181.717 |
169.652 |
|
|
Other expenses |
868.400 |
922.248 |
875.072 |
|
|
TOTAL |
5080.100 |
5055.893 |
4133.213 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
367.100 |
287.625 |
75.871 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
76.200 |
98.278 |
127.089 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
290.900 |
189.347 |
(51.218) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
73.200 |
82.594 |
47.208 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
217.700 |
106.753 |
(98.426) |
|
|
|
|
|
|
|
Less |
TAX |
72.000 |
34.160 |
(29.176) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
145.700 |
72.593 |
(69.250) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
675.514 |
335.604 |
|
|
TOTAL EARNINGS |
NA |
675.514 |
335.604 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
|
3306.263 |
2859.514 |
|
|
Components and Stores
parts |
|
4.516 |
7.059 |
|
|
TOTAL IMPORTS |
NA |
3310.779 |
2866.573 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
NA |
0.81 |
(0.78) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
Net Profit Margin (PAT / Sales) |
(%) |
2.68 |
1.36
|
(1.66) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.76 |
5.42
|
1.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.35 |
4.07 |
(3.96) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.14 |
(0.13) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.27 |
0.80 |
1.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
0.98 |
0.88 |
FINANCIAL ANALYSIS
[All figures are
in Rupees Million]
DEBT
EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
891.410 |
891.410 |
891.400 |
|
Reserves & Surplus |
(123.511) |
(124.719) |
(56.500) |
|
|
|
|
|
|
long-term borrowings |
312.203 |
243.950 |
152.400 |
|
Short term borrowings |
518.117 |
371.604 |
72.700 |
|
Total
borrowings |
830.320 |
615.554 |
225.100 |
|
Debt/Equity
ratio |
1.081 |
0.803 |
0.270 |
YEAR-ON-YEAR
GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
4165.885 |
5305.975 |
5433.200 |
|
|
|
27.367 |
2.398 |
NET
PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
4165.885 |
5305.975 |
5433.200 |
|
Profit |
(69.250) |
72.593 |
145.700 |
|
|
(1.66%) |
1.37% |
2.68% |
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) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
OPERATIONS (As on 31.03.2014)
The Company has recorded production of 31814 MT and Sale of 32838 MT during the year as against 29127 MT and Sale of 28977 MT respectively during the previous year, posting a strong growth of 9% and 13% respectively. The gross turnover during the year increased to Rs.5875.400 Million from Rs.4638.800 Million in the previous year, an increase of 27%.
MANAGEMENT DISCUSSION
& ANALYSIS (As on 31.03.2014)
Industry Structure
and Development
The Demand of Acrylic Fibre during the year was better than the previous year and the company has sold 32838 MT during the year as compared to 28977 MT during the previous year. During the current year it is expected that momentum will continue.
Opportunities and
Threat (As on 31.03.2014)
Principal raw material of the company is A C N which is a by-product of crude oil. The crude oil prices continue to be volatile in the international market resulting direct impact on the A CN prices. The A C N is largely imported as such the upward fluctuation in foreign exchange i.e. USD vs. INR adversely affects the margin of the Company. Import of Acrylic Fibre at a low price from various countries more particularly from Thailand is causing serious injury to domestic Industry.
Segment-wise /
Product-wise performance
The Company has only one segment i.e. Acrylic Fibre.
Risk and Concern
The Company uses imported raw materials as such upward movement in USD and Crude oil adversely affect the margin. To derisk the company is increasing its exports. During the Financial Year 2013-14 exports have gone up to Rs.675.500 Million from Rs.335.600 Million in the Financial Year 2012-13.
ISO CERTIFICATION (As
on 31.03.2014)
The Company is an ISO 9001:2000, accredited by Bureau of Indian Standard, Rooid Voor Accreditatie, and Netherland. This certification indicates our commitments in meeting global quality and standards.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10321167 |
19/11/2011 |
349,100,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH, 36 JANPATH, NEW DELHI, DELHI - 110001, INDIA |
B26815142 |
|
2 |
10309813 |
19/09/2011 |
36,100,000.00 |
STATE BANK OF TRAVANCORE |
SBT HOUSE, ARYASAMAJ ROAD KAROL BAGH, NEW DELHI - 110005, INDIA |
B22348056 |
|
3 |
10278122 |
24/03/2011 |
270,000,000.00 |
ALLAHABAD BANK |
I F BRANCH, 17 PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B09904244 |
|
4 |
10273997 |
27/01/2011 |
7,250,000.00 |
BANK OF BARODA |
16, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B08711210 |
|
5 |
10254586 |
04/12/2010 |
70,000,000.00 |
BANK OF BARODA |
16, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B01405836 |
|
6 |
10251030 |
19/11/2010 |
132,500,000.00 |
ALLAHABAD BANK |
IF BRANCH, 17
PARLIAMENT STREET, NEW DELHI, DELHI |
A99342347 |
|
7 |
10233956 |
12/11/2011 * |
81,600,000.00 |
CANARA BANK |
74, JANPATH, NEW DELHI, DELHI - 110001, INDIA |
B26376814 |
|
8 |
10235818 |
09/11/2011 * |
188,800,000.00 |
BANK OF MAHARASHTRA |
B-29, CONNAUGHT PLACE, NEW DELHI, DELHI - 110001, INDIA |
B26187211 |
|
9 |
10226727 |
24/06/2010 |
261,300,000.00 |
STATE BANK OF PATIALA |
COMMERCIAL BRANCH, 36 JANPATH, NEW DELHI, DELHI - 110001, INDIA |
A88537295 |
|
10 |
10219821 |
22/09/2011 * |
262,000,000.00 |
UCO BANK |
MID CORPORATE BRANCH, 5 SANSAD MARG, NEW DELHI, DELHI - 110001, INDIA |
B22631188 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2015 (Rs.
in Million |
31.03.2014 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Inter Corporate Deposits |
NA |
73.000 |
|
SHORT TERM
BORROWINGS |
|
|
|
Deferred Credit |
NA |
162.150 |
|
Total |
NA |
235.150 |
FIXED ASSETS
- Leasehold
Land
- Freehold Land
- Office
Premises
- Building
- Plant and
Machinery
- Electrical
Installation
- Office
Equipments
- Furniture and
Fixtures
- 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.97.97 |
|
Euro |
1 |
Rs.71.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.