MIRA INFORM REPORT
|
Report No. : |
312474 |
|
Report Date : |
16.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
MRS.BECTORS FOOD SPECIALITIES LIMITED |
|
|
|
|
Registered
Office : |
Theing Road, Phillaur, Jalandhar - 144410 , Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.09.1995 |
|
|
|
|
Com. Reg. No.: |
16-033417 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 298.153 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899PB1995PLC033417 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM9495K |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Food Products including Biscuits,
Confectionaries, Sauces etc. |
|
|
|
|
No. of Employees
: |
3000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having good track record. Management of the company has failed to file its financial for the
year 2014 with the government department. As per available financial of 2013, overall financial position of the
company is sound. Trade relation are reported as fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal 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 – 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: A |
|
Rating Explanation |
Adequate degree of safety and carry low credit risk. |
|
Date |
01.07.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A1 |
|
Rating Explanation |
Very Strong degree of safety and carry lowest credit risk. |
|
Date |
01.07.2014 |
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 DENIED BY
|
Name : |
Mr. Ganesh Sharma |
|
Designation : |
Export Manager |
|
Contact No.: |
91-9876900291 |
|
Date : |
12.03.2015 |
LOCATIONS
|
Registered/ Head Office/ Factory : |
Theing Road, Phillaur, Jalandhar - 144410, Punjab, India |
|
Tel. No.: |
91-1826-502923/ 222826/ 223139/ 225418 |
|
Mobile No.: |
91-9876900291 (Mr. Ganesh Sharma) |
|
Fax No.: |
91-1826-502902/ 222915 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Postal Address : |
B-XXXIII/ 324, G.T. Road (West), Jalandhar Bye-Pass, Phillaur -
144409, Punjab, India |
|
Tel. No.: |
91-1826-222826/ 222430/ 502921/ 222430/ 309898/ 502912/ 502910 |
|
Fax No.: |
91-1826-222915/ 502902 |
DIRECTORS
AS ON 23.12.2013
|
Name : |
Mr. Akshay Bector |
|
Designation : |
Managing director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
29.03.1961 |
|
Qualification : |
B.E (Industrial and
Production) |
|
Date of Appointment : |
01.04.2013 |
|
Date of Cessation: |
26.12.2014 |
|
PAN No.: |
ABJPB4769K |
|
DIN No.: |
00058877 |
|
|
|
|
Name : |
Mr. Anoop Bector |
|
Designation : |
Managing director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
05.10.1962 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2013 |
|
PAN No.: |
ABJPB4770G |
|
DIN No.: |
00108589 |
|
|
|
|
Name : |
Mr. Dharamvir Bector |
|
Designation : |
Whole-time director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
01.04.1932 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
ABXPB2850P |
|
DIN No.: |
00108654 |
|
|
|
|
Name : |
Mr. Ajay Bector |
|
Designation : |
Whole-time director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
17.12.1958 |
|
Date of Appointment : |
19.09.2005 |
|
PAN No.: |
ABWPB7406Q |
|
DIN No.: |
00058904 |
|
|
|
|
Name : |
Mr. Parveen Kumar Goel |
|
Designation : |
Whole-time director |
|
Address : |
230-A, Rishi Balmiki Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
21.08.1963 |
|
Qualification : |
CA |
|
Date of Appointment : |
01.05.2013 |
|
PAN No.: |
ABWPG3304J |
|
DIN No.: |
00007297 |
|
|
|
|
Name : |
Mrs. Rajni Bector |
|
Designation : |
Whole-time director |
|
Address : |
C-13, Sarabha Nagar, Ludhiana, Punjab, India |
|
Date of Birth/Age : |
02.06.1940 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.04.2012 |
|
PAN No.: |
ABKPB0071B |
|
DIN No.: |
00108730 |
|
|
|
|
Name : |
Mr. Rakesh Sony |
|
Designation : |
Director |
|
Address : |
Flat No. 10, 2nd Floor, Lotus Court J. Tata Road, Mumbai,
Maharashtra, India |
|
Date of Birth/Age : |
02.01.1976 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00363053 |
KEY EXECUTIVES
|
Name : |
Mrs. Jyoti Aggarwal |
|
Designation : |
Secretary |
|
Address : |
Near MC Office, Mandi Harji Ram Malout, Muktsar, Punjab, India |
|
Date of Birth/Age : |
06.12.1984 |
|
Date of Appointment : |
01.09.2012 |
|
PAN No.: |
AQQPA4740H |
|
Name : |
Mr. Ganesh Sharma |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.12.2013
|
Names of Shareholders |
Shareholder’s
Address |
No. of Shares |
|
Dharamvir Bector |
C-13, Sarabha
Nagar, Ludhiana, Punjab, India |
75600 |
|
Dharamvir and Sons (HUF) |
Kesar Gunj
Ludhiana, Punjab, India |
88677 |
|
Akshay Bector |
C-13, Sarabha
Nagar, Ludhiana, Punjab, India |
75000 |
|
Akshay Bector (HUF) |
Kesar Gunj
Ludhiana, Punjab, India |
88685 |
|
Anoop Bector |
C-13, Sarabha
Nagar, Ludhiana, Punjab, India |
75000 |
|
Anoop Bector (HUF) |
Kesar Gunj
Ludhiana, Punjab, India |
88685 |
|
Ajay Bector |
C-13, Sarabha Nagar,
Ludhiana, Punjab, India |
75000 |
|
Ajay Bector (HUF) |
Kesar Gunj
Ludhiana, Punjab, India |
88685 |
|
Cremica Foods Limited, India |
B-XXXIII/ 324, G.T. Road (West), Jalandhar Bye-Pass, Phillaur - 144409, Punjab, India |
5964037 |
|
Bector Foods Limited, India |
B-XXXIII/ 324, G.T. Road (West), Jalandhar Bye-Pass, Phillaur - 144409, Punjab, India |
5258675 |
|
Cremica Industries Limited, India |
B-XXXIII/ 324, G.T. Road (West), Jalandhar Bye-Pass, Phillaur - 144409, Punjab, India |
11246706 |
|
IL and FS Trust Company Limited, India [Trustee of business excellence
Trust – India Business Excellence Fund] |
IL and FS Financial Center, C-22, G Block, BK Complex, Bandra (East), Mumbai – 400051, Maharashtra, India |
2341680 |
|
India Business Excellence Fund – I, Mauritius |
IFS Court, 28
Cyber City, EBEN, Mauritius |
4348860 |
|
|
|
|
|
TOTAL |
|
29815290 |
AS ON 23.12.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
14.58 |
|
Bodies
corporate |
|
83.22 |
|
Directors
or relatives of directors |
|
2.20 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Food Products including Biscuits,
Confectionaries, Sauces etc. |
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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 Available |
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Imports : |
Not Available |
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|
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|
Terms : |
Not Available |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Biscuits |
MT |
NA |
87600 |
60007 |
|
Bakery Products |
MT |
NA |
5119 |
2961 |
|
Sauces, Syrups and Spreads |
Ltrs |
NA |
13800000 |
11500120 |
|
Food Processing |
MT |
NA |
1100 |
1027 |
|
Namkeen |
MT |
NA |
1326 |
581 |
Note:
*As certified by
management the production of Bakery Products exclude production of Job work of NIL
MT (previous year 10,555 MT). The production of Biscuits exclude production of
Job work of 26,873 MT (Previous year 26,743 MT) Differences in quantitative
tally are on account of breakages and damages.
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
3000 (Approximately) |
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Bankers : |
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Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address : |
Hindustan Time Building,
18-20, Kasturba Gandhi Marg, 6th Floor, New Delhi - 110001, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AALFS0506L |
|
|
|
|
Subsidiary Companies : |
|
|
|
|
|
Enterprises over which person(s) having
controlling interest in Company / Key management personnel (s) along with
their relatives are able to exercise
significant influence: : |
|
CAPITAL STRUCTURE
AFTER 23.12.2013
Authorised Capital : Rs.
341.500 Million
Issued, Subscribed & Paid-up Capital : Rs. 286.338 Million
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 300.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
29,815,290 |
Equity Shares |
Rs. 10/- each |
Rs. 298.153
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 |
298.153 |
298.153 |
298.153 |
|
(b) Reserves & Surplus |
1,345.833 |
1,108.286 |
945.664 |
|
(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) |
1,643.986 |
1,406.439 |
1,243.817 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
404.444 |
390.594 |
328.276 |
|
(b) Deferred tax liabilities
(Net) |
96.283 |
99.383 |
95.787 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.153 |
6.890 |
5.326 |
|
Total
Non-current Liabilities (3) |
513.880 |
496.867 |
429.389 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
628.413 |
559.450 |
579.919 |
|
(b) Trade payables |
377.573 |
322.714 |
306.000 |
|
(c) Other current liabilities |
285.614 |
316.700 |
309.079 |
|
(d) Short-term provisions |
52.940 |
50.280 |
15.906 |
|
Total
Current Liabilities (4) |
1,344.540 |
1,249.144 |
1,210.904 |
|
|
|
|
|
|
TOTAL |
3,502.406 |
3,152.450 |
2,884.110 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1,846.241 |
1,787.611 |
1,572.217 |
|
(ii) Intangible Assets |
0.287 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
37.248 |
49.115 |
33.188 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
110.508 |
83.008 |
2.408 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
117.436 |
121.532 |
169.723 |
|
(e) Other Non-current assets |
53.424 |
27.873 |
25.513 |
|
Total
Non-Current Assets |
2,165.144 |
2,069.139 |
1,803.049 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
2.913 |
2.670 |
2.370 |
|
(b) Inventories |
456.689 |
411.677 |
419.578 |
|
(c) Trade receivables |
534.287 |
423.395 |
447.765 |
|
(d) Cash and cash equivalents |
115.227 |
50.888 |
60.985 |
|
(e) Short-term loans and
advances |
144.346 |
148.214 |
115.012 |
|
(f) Other current assets |
83.800 |
46.467 |
35.351 |
|
Total
Current Assets |
1,337.262 |
1,083.311 |
1,081.061 |
|
|
|
|
|
|
TOTAL |
3,502.406 |
3,152.450 |
2,884.110 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
6043.800 |
5608.897 |
4699.196 |
|
|
|
Other Income |
43.967 |
9.778 |
36.270 |
|
|
|
TOTAL (A) |
6087.767 |
5618.675 |
4735.466 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
3447.165 |
3258.842 |
2953.577 |
|
|
|
Purchases of stock-in-trade |
372.831 |
402.194 |
310.771 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(25.225) |
(8.891) |
(36.399) |
|
|
|
Employee benefit
expense |
556.822 |
461.424 |
354.641 |
|
|
|
Other expenses |
1107.611 |
1012.548 |
805.301 |
|
|
|
TOTAL (B) |
5459.204 |
5126.117 |
4387.891 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
628.563 |
492.558 |
347.575 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
137.590 |
122.219 |
94.096 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
490.973 |
370.339 |
253.479 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
160.006 |
131.405 |
109.910 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
330.967 |
238.934 |
143.569 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
93.420 |
69.382 |
47.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
237.547 |
169.552 |
95.926 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
488.500 |
325.848 |
236.822 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
Proposed Dividend |
0.000 |
6.900 |
6.900 |
|
|
|
BALANCE CARRIED
TO THE B/S |
726.047 |
488.500 |
325.848 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
957.906 |
1149.080 |
823.988 |
|
|
|
Other Earnings |
1.141 |
0.090 |
0.036 |
|
|
TOTAL EARNINGS |
959.047 |
1149.170 |
824.024 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
134.672 |
98.409 |
140.888 |
|
|
|
Stores & Spares |
|
2.694 |
1.470 |
|
|
|
Capital Goods |
|
25.886 |
18.377 |
|
|
TOTAL IMPORTS |
134.672 |
126.989 |
160.735 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.97 |
5.69 |
2.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin |
(%) |
3.93 |
3.02 |
2.04 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
10.40 |
8.78 |
7.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.87 |
7.91 |
5.04 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.17 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.63 |
0.68 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.87 |
0.89 |
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 |
298.153 |
298.153 |
298.153 |
|
Reserves & Surplus |
945.664 |
1108.286 |
1345.833 |
|
Net worth |
1243.817 |
1406.439 |
1643.986 |
|
|
|
|
|
|
long-term borrowings |
328.276 |
390.594 |
404.444 |
|
Short term borrowings |
579.919 |
559.450 |
628.413 |
|
Total borrowings |
908.195 |
950.044 |
1032.857 |
|
Debt/Equity ratio |
0.730 |
0.675 |
0.628 |
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 |
4699.196 |
5608.897 |
6043.800 |
|
|
|
19.359 |
7.754 |
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 |
4699.196 |
5608.897 |
6043.800 |
|
Profit |
95.926 |
169.552 |
237.547 |
|
|
2.04% |
3.02% |
3.93% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note: The registered address
of the company has been shifted from Plot No. 2/539, Pipal Wala Mohalla, Badli,
New Delhi – 110042, India to the present w.e.f. 23.11.2009.
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10230788 |
26/09/2011 * |
100,000,000.00 |
YES BANK LIMITED |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B25483520 |
|
2 |
10067480 |
21/03/2013 * |
1,077,200,000.00 |
STATE BANK OF
INDIA |
Industrial
Finance Branch, Golden Tower, Dholewal |
B73020554 |
|
3 |
80008181 |
25/03/2014 * |
736,300,000.00 |
STATE BANK OF PATIALA |
Commercial
Branch, Miller Ganj, Ludhiana, Punjab |
C00927228 |
* Date of charge
modification
OPERATIONS AND
OVERALL PERFORMANCE
The company posted a significant increase of about 8 % in the turnover from Rs. 5614.500 Million in the year 2011-12 to Rs. 6081.500 Million in the year 2012-13. The profits of the company has increased from Rs. 169.500 Million in the year 2011-12 to Rs 237.600 Million in the year 2012-13 thereby showing a remarkable increase of 40% in the profits of the company.
FIXED ASSETS:
- Land Freehold
- Land Leasehold
- Buildings
- Plant and Machinery
- Furniture and Fixtures
- Vehicles
- Computer
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.62.67 |
|
UK Pound |
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
54 |
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.