MIRA INFORM REPORT
|
Report No. : |
328005 |
|
Report Date : |
18.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE BAJRANG SALES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Flat No. 101, “Maa Ashish” Apartment, Mahalaxmi Temple Line, Mumbai –
400026, Maharashtra |
|
Tel. No.: |
91-712-2725884 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.01.1989 |
|
|
|
|
Com. Reg. No.: |
11-050265 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.503
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1989PTC050265 |
|
|
|
|
TIN No.: |
27080002620 |
|
|
|
|
IEC No.: |
0391162675 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPB00121C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS0955M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Trader, Exporter and Importer of Ores,
Minerals, Metals, Ferro Alloys and Non-Ferro Alloys. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 company’s moderate financial
risk profile marked by leverage capital structure and thin profitability
margins of the company. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing 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 – 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
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. Ashish Bharatiya |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9422102641 |
|
Date : |
17.06.2015 |
LOCATIONS
|
Registered Office : |
Flat No. 101, “Maa Ashish” Apartment, Mahalaxmi Temple Line, Mumbai –
400026, Maharashtra, India |
|
Tel. No.: |
91-712-2725884 |
|
Mobile No.: |
91-9422102641 (Mr. Ashish) |
|
Fax No.: |
91-712-2721984 |
|
E-Mail : |
|
|
Area : |
950 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
20, New Cotton Market, Nagpur – 440018, Maharashtra, India |
|
Tel. No.: |
91-712-2725884 / 6666555 |
|
Fax No.: |
91-2721484 |
|
Area : |
10000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 1 : |
Arva Rice Mill, Mithumuda, Raigarh, Chhattisgarh – 496001, India |
|
E-Mail : |
|
|
|
|
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Branch Office 2 : |
Ring Road No. 1, Shaheed Bhagat Singh Ward No. 13, 1st
Lane, Plot No. 103, Tatibandh Transport Nagar, Raipur – 492010, India |
|
|
|
|
Branch Office 3 : |
X-49, MIDC Industrial Estate, Hingna Road, Nagpur – 440016,
Maharashtra, India |
|
|
|
|
Branch Office 4 : |
Plot No. 65, Survey No. 70-72, Sanjeeviah Nagar Co-op House Building
Society Limited, Thokatta, Secunderabad, Bowenpally, Hyderabad Urban, Andhra
Pradesh – 500011, India |
|
|
|
|
Branch Office 5 : |
Shahidbhagat Singh Ward No 13, KH No 359/1 and 363/16, Plot No 103,
Near Gagan Palace Hotel, Tatibandh Transport Nagar, Raipur – 492009,
Chhattisgarh, India |
|
Tel. No.: |
91-771-4080245 / 3291885 |
|
|
|
|
Also Branch Offices : |
Located At: · Jabalpur · Jamshedpur · Indore · Belgaum |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Santkumar Chatturbhujji Bhartia |
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|
Designation : |
Managing Director |
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|
Address : |
Sarswati, Khare Town, Dharmpeth, Nagapur – 440010, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/ Age : |
20.08.1949 |
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|
Date of Appointment : |
01.12.1991 |
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DIN No.: |
00432335 |
||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Devendra Chatturbhujji Bhartia |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
Plot No. 8A, Law College, 204 Sarita Co-operative Housing Society, Chourasta,
Nagpur – 440010, Maharashtra, India |
||||||||||||||||||||||||||||||||
|
Date of Birth/ Age : |
19.05.1945 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2004 |
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DIN No.: |
00432429 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Ashish Bharatiya |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Laxminarayan
Chaturbhuj Bhartia |
|
1800 |
|
Devendra
Chaturbhuj Bhartia |
|
13995 |
|
Harsh
Santkumar Bhartia |
|
2295 |
|
Preeti
Devendra Bhartia |
|
2295 |
|
Reeti
Devendra Bhartia |
|
2295 |
|
Ekta
Jagdamba Bhartia |
|
2295 |
|
Radhika
Yudhisthir Bhartia |
|
2295 |
|
Vidhi
Surendra Bhartia |
|
2295 |
|
Jagdambaprasad
Chaturbhuj Bhartia |
|
45 |
|
Santkumar
C. Bhartia |
|
45 |
|
Surendra
Chaturbhuj Bhartia |
|
14850 |
|
Yudhisthir
Chaturbhuj Bhartia |
|
90 |
|
Tarun
Chaturbhuj Bhartia |
|
13500 |
|
Balkrishna
Chaturbhuj Bhartia |
|
45 |
|
Sudhir
Laxminarayan Bhartia |
|
45 |
|
Samir
Laxminarayan Bhartia |
|
45 |
|
Usha
Laxminarayan Bhartia |
|
45 |
|
Smt
Renu Santkumar Bhartia |
|
45 |
|
Smt.
Shashi Yudhisthir Bhartia |
|
45 |
|
Annapurna
Pradumna Thakar |
|
45 |
|
Rukmani
Dulhanoomal Narwani |
|
45 |
|
Meena
Surendra Bhartia |
|
45 |
|
Kuhu
Tarun Bhartia |
|
495 |
|
Aparna
Balkrishna Bhartia |
|
2295 |
|
Vidhan
Surendra Bhartia |
|
2295 |
|
Rahul
Yudhisthir Bhartia |
|
2295 |
|
Nikunj
Devendra Bhartia |
|
2295 |
|
Nikhil
Devendra Bhartia |
|
2295 |
|
Juhi
Jagdamba Prasad Bhartia |
|
2295 |
|
Ashish
Santkumar Bhartia |
|
2295 |
|
Swati
Balkrishna Bhartia |
|
2295 |
|
Ayush
Santkumar Bhartia |
|
2295 |
|
Chetan
Jagdamba Prasad Bhartia |
|
2295 |
|
Shardadevi
Devendra Bhartia |
|
45 |
|
Bharatbhushan
Babulal Mehadia |
|
450 |
|
Gitadevi
Ghanshamdas Vyas |
|
45 |
|
Nikhilesh
Pradyumna Thakar |
|
45 |
|
Seema
Nikhilesh Thakar |
|
450 |
|
Rita
Sudhir Bhartia |
|
45 |
|
|
|
|
|
Total |
|
83025 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Importer of
Ores, Minerals, Metals, Ferro Alloys and Non-Ferro Alloys. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
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|
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|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Taiwan ·
Srilanka ·
Pakistan ·
Indonesia ·
Korea |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
·
China ·
South Africa ·
Turkey ·
Pakistan |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit (30 Days and 60 Days) |
|
|
|
|
Purchasing : |
L/C, Cash and Credit (30 Days and 60 Days) |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
50 (Approximately) |
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|
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|
Bankers : |
·
HDFC Bank, Nagpur, Maharashtra, India ·
Punjab National Bank, Nagpur, Maharashtra,
India |
|
Auditors : |
|
|
Name : |
Jain Bhartia and Associates Chartered Accountants |
|
Address : |
77, Sadoday Complex, C A Road, Nagpur – 440002, Maharashtra, India |
|
PAN No.: |
AACFJ7530L |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Share |
Rs.100/- each |
Rs.9.000 Million |
|
10000 |
Preference Share |
Rs.100/- each |
Rs.1.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.10.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
83025 |
Equity Share |
Rs.100/- each |
Rs.8.303
Million |
|
2000 |
Preference Share |
Rs.100/- each |
Rs.0.200
Million |
|
|
|
|
|
|
|
Total |
|
Rs.8.503 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 |
8.503 |
8.503 |
8.503 |
|
(b) Reserves & Surplus |
70.705 |
69.096 |
67.751 |
|
(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) |
79.208 |
77.599 |
76.254 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
112.073 |
152.953 |
157.976 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
112.073 |
152.953 |
157.976 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
36.645 |
38.338 |
30.182 |
|
(b) Trade
payables |
101.353 |
90.839 |
72.251 |
|
(c) Other
current liabilities |
1.841 |
0.923 |
1.803 |
|
(d) Short-term
provisions |
0.215 |
0.170 |
0.170 |
|
Total Current
Liabilities (4) |
140.054 |
130.270 |
104.406 |
|
|
|
|
|
|
TOTAL |
331.335 |
360.822 |
338.636 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
38.088 |
37.997 |
36.917 |
|
(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 |
33.037 |
32.811 |
30.495 |
|
(c) Deferred tax assets (net) |
0.384 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.415 |
0.437 |
0.273 |
|
Total Non-Current
Assets |
71.924 |
71.245 |
67.685 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
91.963 |
84.749 |
77.444 |
|
(c) Trade
receivables |
155.506 |
176.764 |
174.291 |
|
(d) Cash
and cash equivalents |
9.803 |
8.994 |
3.847 |
|
(e)
Short-term loans and advances |
2.139 |
12.992 |
9.938 |
|
(f) Other current
assets |
0.000 |
6.078 |
5.431 |
|
Total
Current Assets |
259.411 |
289.577 |
270.951 |
|
|
|
|
|
|
TOTAL |
331.335 |
360.822 |
338.636 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
585.322 |
512.789 |
836.061 |
|
|
|
Other Income |
0.009 |
0.026 |
0.019 |
|
|
|
TOTAL (A) |
585.331 |
512.815 |
836.080 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
0.069 |
|
|
|
Purchases of Stock-in-Trade |
546.458 |
479.341 |
814.506 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(6.764) |
(7.305) |
(21.237) |
|
|
|
Employees benefits expense |
8.613 |
5.518 |
4.560 |
|
|
|
Other expenses |
21.236 |
25.129 |
30.098 |
|
|
|
Exceptional Items |
0.000 |
0.000 |
0.021 |
|
|
|
TOTAL (B) |
569.543 |
502.683 |
828.017 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.788 |
10.132 |
8.063 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
14.341 |
8.613 |
6.841 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
1.447 |
1.519 |
1.222 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
0.736 |
0.941 |
0.733 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
0.711 |
0.578 |
0.489 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
0.223 |
0.174 |
0.170 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.488 |
0.404 |
0.319 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
5.88 |
4.87 |
3.85 |
|
|
|
Diluted |
5.74 |
4.76 |
3.76 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
780.000 |
The above information has been parted by Mr. Ashish
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
0.08 |
0.08 |
0.04 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.70 |
1.98 |
0.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
0.24 |
0.18 |
0.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.88 |
2.47 |
2.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.85 |
2.22 |
2.60 |
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 |
8.503 |
8.503 |
8.503 |
|
Reserves & Surplus |
67.751 |
69.096 |
70.705 |
|
Net
worth |
76.254 |
77.599 |
79.208 |
|
|
|
|
|
|
long-term borrowings |
157.976 |
152.953 |
112.073 |
|
Short term borrowings |
30.182 |
38.338 |
36.645 |
|
Total
borrowings |
188.158 |
191.291 |
148.718 |
|
Debt/Equity
ratio |
2.468 |
2.465 |
1.878 |
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 |
836.061 |
512.789 |
585.322 |
|
|
|
(38.666) |
14.145 |
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
|
836.061 |
512.789 |
585.322 |
|
Profit |
0.319 |
0.404 |
0.488 |
|
|
0.04% |
0.08% |
0.08% |
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 |
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
INDEX OF CHARGE
|
SR. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90237684 |
14/09/2012
* |
100,000,000.00 |
IDBI
BANK LIMITED |
SME CENTRE,
1ST FLOOR, SANSKRUTIK SANKUL, JHANSI RANI SQUARE, SITABULDI, NAGPUR,
MAHARASHTRA - 440012, INDIA |
B59360008 |
|
2 |
90213874 |
12/09/2012
* |
100,000,000.00 |
IDBI
BANK LIMITED |
SME CENTRE,
1ST FLOOR, SANSKRUTIK SANKUL, JHANSI RANI SQUARE, SITABULDI, NAGPUR,
MAHARASHTRA - 440012, INDIA |
B59360917 |
|
3 |
90237028 |
01/10/1996
* |
500,000.00 |
THE
UNITED WESTERN SAHAKARI BANK LIMITED |
SITABULDI
BRANCH, VARIETY SQURE, NAGPUR, MAHARASHTRA, INDIA |
- |
*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.64.11 |
|
|
1 |
Rs.100.32 |
|
Euro |
1 |
Rs.72.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
30 |
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.