MIRA INFORM REPORT
|
Report No. : |
326636 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAHESHWARI LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
239, Panchratna Complex, GIDC, Char Rasta, Vapi – 396195, Gujarat |
|
Tel. No.: |
91-260-2431024 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.10.2006 |
|
|
|
|
Com. Reg. No.: |
04-049224 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.48.680 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60232GJ2006PTC049224 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM8332N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Services provider of coal and logistic solutions. |
|
|
|
|
No. of Employees
: |
150 (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 |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. Subject was incorporated in 2006. It is engaged in coal trading, coal
sintering and providing logistic support for primarily meeting coal demands
of various industries such as chemical, cement paper etc. Overall financial position of the company seems to be decent. Rating also takes into consideration experience of promoters spanning
over two decades in the trading and logistics business and reputed client base
of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. Subject 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 |
ICRA |
|
Rating |
Long term rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
January 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating: A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
January 2015 |
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. Pradeep Dad |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-8128673520 |
|
Date : |
09.06.2015 |
LOCATIONS
|
Registered Office /Coal Division: |
239, Panchratna Complex, GIDC, Char Rasta, Vapi – 396195, Gujarat,
India |
|
Tel. No.: |
91-260-2431024 |
|
Mobile No.: |
91-8128673520 (Mr. Pradeep Dad) |
|
Fax No.: |
91-260-2427024 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Branch Office: |
3, Rajesh
Appartment, Behind Navgujarat College,
Ashram Road, Ahmedabad – 380014, Gujarat, India |
|
Tel No.: |
91-79-26540790 |
|
Fax No.: |
91-79-27542926 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vinay Premnarayan Maheshwari |
|
Designation : |
Whole-time Director |
|
Address : |
Vapi 201, Mahavir Prakash, Mahavir Nagar, National Highway No.8, Vapi
– 396195, Gujarat, India |
|
Date of Birth/Age : |
18.12.1978 |
|
Date of Appointment : |
12.10.2006 |
|
DIN No.: |
01680099 |
|
PAN No.: |
ABWPM0867C |
|
|
|
|
Name : |
Mr. Amit Kailashnarayan Maheshwari |
|
Designation : |
Whole-time Director |
|
Address : |
201, Mahavir Prakash, Mahavir Nagar, National Highway No.8, Vapi –
396195, Gujarat, India |
|
Date of Birth/Age : |
22.05.1976 |
|
Date of Appointment : |
27.11.2007 |
|
DIN No.: |
01680183 |
|
PAN No.: |
ABWPM0868P |
|
|
|
|
Name : |
Mrs. Mukta Maheshwari |
|
Designation : |
Additional Director |
|
Address : |
201, Mahavir Prakash, Mahavir Nagar, National Highway No.8, Vapi –
396195, Gujarat, India |
|
Date of Birth/Age : |
30.04.1973 |
|
Date of Appointment : |
18.05.2012 |
|
DIN No.: |
01726964 |
|
|
|
|
Name : |
Mrs. Mayadevi Krishnaawtar Kabra |
|
Designation : |
Director |
|
Address : |
T 4A, Shantinagar Society, Usmanpura, Ahmedabad – 380013, Gujarat,
India |
|
Date of Birth/Age : |
23.07.1956 |
|
Date of Appointment : |
15.07.2008 |
|
DIN No.: |
02226124 |
|
PAN No.: |
ADIPK7306A |
|
|
|
|
Name : |
Mr. Varun Krishnavtar Kabra |
|
Designation : |
Director |
|
Address : |
T 4A, Shantinagar Society, Usmanpura, Ahmedabad – 380013, Gujarat,
India |
|
Date of Birth/Age : |
09.03.1986 |
|
Date of Appointment : |
01.09.2009 |
|
DIN No.: |
02760600 |
|
PAN No.: |
AMLPK1507F |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Dad |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Neerajkumar
P. Maheshwari |
|
230000 |
|
Vinay
P. Maheshwari |
|
517500 |
|
Amit
K. Maheshwari |
|
480000 |
|
Dineshkumar
S. Maheshwari |
|
30000 |
|
Manju
A. Maheshwari |
|
37500 |
|
Premnarayan
L. Maheshwari |
|
30000 |
|
Radhadevi
P. Maheshwari |
|
30000 |
|
Seema
D. Maheshwari |
|
30000 |
|
Kailash
S. Kabra |
|
125000 |
|
Varun
Kabra |
|
550000 |
|
Rachana
A. Maheshwari |
|
30000 |
|
Arihant
Avenue and Credit Limited |
|
250000 |
|
Maya
Texturisers Private Limited |
|
500000 |
|
Mukta
N. Maheshwari |
|
1150000 |
|
Mayadevi
Kabra |
|
300000 |
|
Jagannath
R. Kabra |
|
100000 |
|
Maheshwari
InfoTech Private Limited |
|
478000 |
|
Total |
|
4868000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
25.23 |
|
Directors or relatives of Directors |
74.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Services provider of coal and logistic solutions. |
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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 : |
Not Divulged |
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Imports : |
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Products : |
Coal |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Kakaria and Associates Chartered Accountant |
|
Address : |
"Kakaria' s Excellenza" Royal Fortune Complex, Daman Road, Chala, Vapi-396191, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFK2571P |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Enterprise owned by
the Key Management Personnel: |
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Enterprise in which
Key Management Personnel are Common: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4868000 |
Equity Shares |
Rs.10/- each |
Rs. 48.680
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 |
48.680 |
44.380 |
44.380 |
|
(b) Reserves & Surplus |
344.156 |
240.894 |
200.196 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
37.516 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
392.836 |
322.790 |
244.576 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
99.973 |
77.632 |
159.529 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.220 |
|
(c) Other long term
liabilities |
50.590 |
27.684 |
0.000 |
|
(d) long-term provisions |
0.157 |
0.157 |
0.094 |
|
Total
Non-current Liabilities (3) |
150.720 |
105.473 |
159.843 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
255.283 |
232.995 |
236.757 |
|
(b) Trade payables |
657.298 |
448.806 |
209.398 |
|
(c) Other current liabilities |
55.566 |
54.269 |
61.909 |
|
(d) Short-term provisions |
18.423 |
30.836 |
28.470 |
|
Total
Current Liabilities (4) |
986.570 |
766.906 |
536.534 |
|
|
|
|
|
|
TOTAL |
1530.126 |
1195.169 |
940.953 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
113.478 |
126.033 |
137.344 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
8.305 |
7.430 |
26.889 |
|
(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) |
3.544 |
3.309 |
0.000 |
|
(d) Long-term Loan and Advances |
2.119 |
1.046 |
1.382 |
|
(e) Other Non-current assets |
11.666 |
10.886 |
2.815 |
|
Total
Non-Current Assets |
139.112 |
148.704 |
168.430 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
128.189 |
184.172 |
41.864 |
|
(c) Trade receivables |
1146.228 |
728.045 |
623.817 |
|
(d) Cash and cash equivalents |
84.746 |
96.770 |
80.742 |
|
(e) Short-term loans and
advances |
23.588 |
27.334 |
18.690 |
|
(f) Other current assets |
8.263 |
10.144 |
7.410 |
|
Total
Current Assets |
1391.014 |
1046.465 |
772.523 |
|
|
|
|
|
|
TOTAL |
1530.126 |
1195.169 |
940.953 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4148.874 |
|
3328.263 |
|
|
Other Income |
|
|
|
|
|
TOTAL |
4148.874 |
3405.452 |
3328.263 |
|
|
|
|
|
|
|
Less |
EXPENSES |
4064.674 |
3337.066 |
3305.855 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
84.200 |
68.386 |
22.408 |
|
|
|
|
|
|
|
Less |
TAX |
23.939 |
22.495 |
8.119 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
60.261 |
45.891 |
14.289 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Value of Imported Coal |
322.690 |
325.193 |
NA |
|
|
TOTAL
IMPORTS |
322.690 |
325.193 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
13.32 |
10.34 |
3.73 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
5250.000 |
The above information has been parted by Mr. Pradeep Dad
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
55.043 |
51.548 |
59.556 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.55 |
5.77 |
2.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.21 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.04 |
1.12 |
1.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.41 |
1.36 |
1.44 |
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 |
44.380 |
44.380 |
48.680 |
|
Reserves & Surplus |
200.196 |
240.894 |
344.156 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
37.516 |
0.000 |
|
Net worth |
244.576 |
322.790 |
392.836 |
|
|
|
|
|
|
long-term borrowings |
159.529 |
77.632 |
99.973 |
|
Short term borrowings |
236.757 |
232.995 |
255.283 |
|
Current Maturities Of
Long-Term Debts |
59.556 |
51.548 |
55.043 |
|
Total
borrowings |
455.842 |
362.175 |
410.299 |
|
Debt/Equity
ratio |
1.864 |
1.122 |
1.044 |
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) |
|
Total Income |
3328.263 |
3405.452 |
4148.874 |
|
|
|
2.319 |
21.830 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
3328.263 |
3405.452 |
4148.874 |
|
Profit |
14.289 |
45.891 |
60.261 |
|
|
0.43% |
1.35% |
1.45% |
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 |
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 four 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 |
OPERATIONS:
During the year, the performance of the company is noteworthy. The net profit of the company after taxation has increased to Rs. 60.261 Million as compared to Rs. 45.891 Million in the previous year. While the turnover of the Company has increased by more than One billion i.e Rs. 4148.874 Million as compared to Rs. 3405.452 Million in the previous year. The Directors are striving hard by making more sincere efforts for better growth and prospects of the Company in future and to yield better returns for the members of the company.
BUSINESS ACTIVITIES:
The Company is formed with the main object to do the business of Carriers/transporters, dealing in Papers, Board, M.G. Craft Paper, Waste Paper, Kraft Paper, Writing Papers and all other Papers and Dealing in Coal and Lignite, etc. For this purpose the company has three Divisions Transport Divisions, Trade Division, and Coal division. The Company has carried on transportation business in the name of Maheshwari Logistics, "Maheshwari Logistics Private Limited - Fleet Division" and "Maheshwari Logistics Private Limited - Transport Division", business of trading in Coal in the name of "Maheshwari Logistics Private Limited -Coal Division" and the business of trading in Coal and Kraft Paper in the name of Maheshwari Trades".
During the year the Company has also carried transactions of Purchases and Sale of Flats.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from related parties |
48.589 |
6.254 |
|
Total |
48.589 |
6.254 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10541720 |
14/10/2014 |
25,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C39640180 |
|
2 |
10528145 |
14/10/2014 |
250,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
C30805030 |
|
3 |
10321412 |
06/11/2014 * |
1,002,000,000.00 |
STATE BANK OF INDIA |
MID CORPORATE
BRANCH MID CORPORATE BRANCH, TRADE |
C35760289 |
|
4 |
10319775 |
20/04/2011 |
1,250,000.00 |
STATE BANK OF INDIA |
SPECIALSED
COMMERCIAL BRANCH, VIA HOUSE, GROUND F |
B16284671 |
|
5 |
10284199 |
25/08/2011 * |
390,500,000.00 |
STATE BANK OF INDIA |
MID CORPORATE
BRANCH, GROUND FLOOR VIA HOUSE, G.I |
B32487266 |
|
6 |
10283877 |
06/11/2014 * |
1,002,000,000.00 |
STATE BANK OF INDIA |
MID CORPORATE
BRANCH, TRADE HOUSE, OPP MANDARWAJA |
C35505734 |
|
7 |
10162308 |
01/06/2009 |
100,000,000.00 |
STATE BANK OF INDIA |
SPECIALISED
COMMERCIAL BRANCH, VAPI, VAPI, GUJARA |
A63990683 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Bank Guarantees |
2.700 |
2.500 |
|
Income Tax Demand, consequent to Assessment Completed U/s. 143(3) of Income Tax Act, 1961, making certain disallowance which is disputed by the Company |
0.666 |
0.000 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Other equipments
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 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.63.94 |
|
UK Pound |
1 |
Rs.98.27 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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.