MIRA INFORM REPORT
|
Report No. : |
329623 |
|
Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAINI ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
J 3/60, B.J. Extension, Murtiwali Gali, Laxmi Nagar, New Delhi –
110092 |
|
Mobile No.: |
91-9350163234 (Mr. Ram Niwas Saini) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
28.10.1999 |
|
|
|
|
Com. Reg. No.: |
55-102203 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 42.882 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109DL1999PTC102203 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
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 Supplier, Trader of Pipes and Ingots. |
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|
|
|
No. of Employees
: |
35 (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 |
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|
|
|
Payment Behaviour : |
Slow |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. As per registrar of companies the date of balance sheet (i. e.
financial filed) is shown as 31.03.2014 but the documents related to the
financial are not available from any source.
The rating is constrained on account of company’s moderate financial
risk profile marked by thin profitability margins along with low reserves
level and leverage balance sheet profile of the company. However, trade relations are reported as fair. Payments are reported
to be slow. 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
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits: B |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
June 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limits: A4 |
|
Rating Explanation |
Minimal degree of safety and vary high credit risk. |
|
Date |
June 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Ram Niwas Saini |
|
Designation : |
Managing director |
|
Contact No.: |
91-9350163234 |
|
Date : |
27.06.2015 |
LOCATIONS
|
Registered Office : |
J 3/60, B.J. Extension, Murtiwali Gali, Laxmi Nagar, New Delhi –
110092, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9350163234 (Mr. Ram Niwas Saini) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Works : |
16/1, UPSIDC, Industral Area, G T Road, Sikandrabad, Uttar
Pradesh, India |
|
Tel. No.: |
91-5735-224286/224637 |
|
Fax No.: |
91-5735-221854 |
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|
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|
Factory : |
Located at
|
|
|
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Corporate Office : |
106-A, Loha Mandi, Ghaziabad, Uttar Pradesh, India |
|
Tel. No.: |
91-120-2804047 |
|
Fax No.: |
91-120-4165048 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ram Niwas Saini |
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|
Designation : |
Managing director |
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|
Address : |
29, Maliwara, Ghaziabad - 201001, Uttar Pradesh, India |
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Date of Birth/Age : |
09.10.1955 |
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Date of Appointment : |
29.10.1999 |
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DIN No.: |
00316095 |
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Other
Directorship:
|
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|
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|
Name : |
Mr. Ratan Singh Saini |
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|
Designation : |
Director |
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|
Address : |
29, Maliwara, Ghaziabad - 201001, Uttar Pradesh, India |
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Date of Birth/Age : |
05.09.1959 |
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Date of Appointment : |
30.04.2000 |
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DIN No.: |
00316083 |
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Other
Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ram Niwas Saini |
|
258875 |
|
Bimla Saini |
|
42100 |
|
Dhanesh Chandra Saini |
|
237675 |
|
Laxmi Saini |
|
443333 |
|
Ratan Singh Saini |
|
165975 |
|
Ram Kishan Saini |
|
300005 |
|
Maa Portfolio Private Limited, India |
|
1587300 |
|
Dhanesh Chandra Saini – HUF |
|
130000 |
|
Ram Kishan Saini – HUF |
|
132600 |
|
Ram Niwas Saini – HUF |
|
125000 |
|
Ratan Singh Saini – HUF |
|
130000 |
|
Umesh Saini |
|
75000 |
|
Gaurav Saini |
|
265000 |
|
Ganesh Saini |
|
180200 |
|
Saurabh Saini |
|
115097 |
|
Chetan Saini |
|
35000 |
|
Amit Saini |
|
35000 |
|
Rajeev Saini |
|
30000 |
|
Eastern Vintrade Private Limited, India |
|
534760 |
|
Total |
|
4822920 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
44.00 |
|
Other top fifty shareholders |
56.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier, Trader of Pipes and Ingots. |
|
|
|
|
Products : |
Pipes and Ingots |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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|
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
35 (Approximately) / |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Banking
Relations : |
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|
|
|
Auditors : |
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|
Name : |
Akhilesh Kumar Chartered Accountant |
|
Address : |
CH. No. 206-207 Ansal Satyam, RDC, Rajnagar, Ghaziabad – 201001, Uttar
Pradesh, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAYPK6478Q |
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|
|
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Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4900000 |
Equity Shares |
Rs.10/- each |
Rs. 49.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4822920 |
Equity Shares |
Rs.10/- each |
Rs. 48.229
Million |
|
|
|
|
|
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4900000 |
Equity Shares |
Rs.10/- each |
Rs. 49.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4288160 |
Equity Shares |
Rs.10/- each |
Rs. 42.882
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
42.882 |
42.882 |
42.882 |
|
(b) Reserves & Surplus |
32.531 |
30.852 |
27.936 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
10.000 |
10.000 |
22.500 |
|
Total
Shareholders’ Funds (1) + (2) |
85.413 |
83.734 |
93.318 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
31.996 |
36.039 |
55.507 |
|
(b) Deferred tax liabilities
(Net) |
0.158 |
0.335 |
0.488 |
|
(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) |
32.154 |
36.374 |
55.995 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
108.997 |
81.395 |
111.859 |
|
(b) Trade payables |
12.602 |
14.501 |
61.704 |
|
(c) Other current liabilities |
32.035 |
20.928 |
33.410 |
|
(d) Short-term provisions |
1.006 |
0.850 |
0.475 |
|
Total
Current Liabilities (4) |
154.640 |
117.674 |
207.448 |
|
|
|
|
|
|
TOTAL |
272.207 |
237.782 |
356.761 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
36.309 |
38.388 |
44.169 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
23.785 |
22.180 |
19.752 |
|
(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 |
11.243 |
11.472 |
11.415 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
71.337 |
72.040 |
75.336 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.055 |
1.055 |
8.810 |
|
(b) Inventories |
75.751 |
87.447 |
132.839 |
|
(c) Trade receivables |
49.784 |
52.209 |
99.083 |
|
(d) Cash and cash equivalents |
0.664 |
0.664 |
1.290 |
|
(e) Short-term loans and
advances |
20.174 |
18.131 |
32.399 |
|
(f) Other current assets |
53.442 |
6.236 |
7.004 |
|
Total
Current Assets |
200.870 |
165.742 |
281.425 |
|
|
|
|
|
|
TOTAL |
272.207 |
237.782 |
356.761 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
846.979 |
631.670 |
383.863 |
|
|
Other Income |
3.417 |
10.342 |
3.711 |
|
|
TOTAL
(A) |
850.396 |
642.012 |
387.574 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
682.395 |
430.997 |
280.784 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(11.497) |
63.452 |
(41.438) |
|
|
Employees benefits expense |
11.730 |
9.571 |
7.432 |
|
|
Other expenses |
147.800 |
111.826 |
120.074 |
|
|
TOTAL
(B) |
830.428 |
615.846 |
366.852 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
19.968 |
26.166 |
20.722 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.302 |
16.645 |
13.595 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.666 |
9.521 |
7.127 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
5.249 |
5.909 |
5.784 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
2.417 |
3.612 |
1.343 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.738 |
0.696 |
0.792 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1.679 |
2.916 |
0.551 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.39 |
0.68 |
0.13 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.20 |
0.46 |
0.14 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.36 |
4.14 |
5.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.97 |
1.68 |
0.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.04 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.65 |
1.40 |
1.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.41 |
1.36 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
42.882 |
42.882 |
42.882 |
|
Reserves & Surplus |
27.936 |
30.852 |
32.531 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
22.500 |
10.000 |
10.000 |
|
Net
worth |
93.318 |
83.734 |
85.413 |
|
|
|
|
|
|
long-term borrowings |
55.507 |
36.039 |
31.996 |
|
Short term borrowings |
111.859 |
81.395 |
108.997 |
|
Total
borrowings |
167.366 |
117.434 |
140.993 |
|
Debt/Equity
ratio |
1.794 |
1.402 |
1.651 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
383.863 |
631.670 |
846.979 |
|
|
|
64.556 |
34.086 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
383.863 |
631.670 |
846.979 |
|
Profit |
0.551 |
2.916 |
1.679 |
|
|
0.14% |
0.46% |
0.20% |
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 |
No |
|
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 |
No |
|
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 |
NOTE: Registered office of the company has been
shifted from B-89/2, East of Kailash, New Delhi, India to the present address w.e.f. 12.03.2007
PERFORMANCE REVIEW
Due to competition in market and difficult business situation company could achieve better results in comparison to previous year and earned profit of Rs. 1.679 Million
UNSECURED LOAN
|
Particulars |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Loans From Related Parties |
16.774 |
16.609 |
|
Total |
16.774 |
16.609 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10520369 |
29/08/2014 |
500,000.00 |
BANK OF INDIA |
NAVYUG MARKET,
GHAZIABAD, UTTAR PRADESH - 201001, |
C21006358 |
|
2 |
90057907 |
19/03/2014 * |
180,000,000.00 |
BANK OF INDIA |
BANK OF INDIA,
NAVYUG MARKET, GHAZIABAD, UTTAR PR |
C03034303 |
|
3 |
90057868 |
27/03/2014 * |
180,000,000.00 |
BANK OF INDIA |
BANK OF INDIA,
NAVYUG MARKET, GHAZIABAD, UTTAR PR |
C03038759 |
|
4 |
90057361 |
21/11/2000 |
11,000,000.00 |
STATE BANK OF INDIA |
NAVYUG MARKET, SIB BRANCH,
GHAZIABAD, UTTAR PRADE |
- |
* Date of charge modification
FIXED ASSETS
- Leasehold Land
- Land at Gulawathi
- Building and Shed
- Plant and Machinery
- E.O.T. Crane
- Electrical Installations
- Utilities
- Moulds and Bottom Plates
- Lab Equipments
- Car
- Scooter / Bike
- Air Conditioner
- Generator
- Office Equipment
- Furniture
- Computer
- Mobile
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.63.60 |
|
UK Pound |
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
NO |
|
--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.