MIRA INFORM REPORT
|
Report No. : |
315203 |
|
Report Date : |
31.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
METALPLAST EXIM (INDIA) LIMITED (w.e.f. 18.12.2012) |
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|
|
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Formerly Known
As : |
METALPLAST EXIM (INDIA) PRIVATE LIMITED |
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Registered
Office : |
12 Niraj Industrial Estate, Off Mahakali Caves Road, Andheri (East),
Mumbai – 400093, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.02.2003 |
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Com. Reg. No.: |
11-139365 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
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CIN No.: [Company Identification
No.] |
U51420MH2003PLC139365 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19074G |
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PAN No.: [Permanent Account No.] |
AADCM5540R |
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Legal Form : |
A Closely Held Public Limited liability Company |
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Line of Business
: |
Trader of Ferrous and Non Ferrous Metal, Derivative Instruments. |
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No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Temporary Closed Down |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
As claimed by Mr. Hardik Chawda, Accounts Manager that company has not
undertaken any business operations since last 2 years due to license issue with
government department and it has only earned some income from trading
activities during 2014. Further he also claimed that company management is in a process to
acquire manufacturing license from government department and once it receives
the license, company will again start its manufacturing operations. As per the status in the registrar of companies business appears to be
active. Payments are reported to be unknown.
In view of lack of business operations, company can be considered for
business dealings on fully safe and secured 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.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Hardik Chawda |
|
Designation : |
Account Manger |
|
Contact No.: |
91-22-42608787 |
|
Date : |
30.03.2015 |
LOCATIONS
|
Registered Office : |
12 Niraj Industrial Estate, Off Mahakali Caves Road, Andheri (East),
Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-42608787 |
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Fax No.: |
91-22-26872152 |
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E-Mail : |
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Website : |
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Factory : |
9-8/1, MIDC Industrial Area, Saravu, Kalyan Bhiwandi Road, Kalyan,
District Thane, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nitul Bhupat Shah |
|
Designation : |
Director |
|
Address : |
101, Kusum Kunj,, Junction of 9th And 10th Road, Khar (West), Mumbai, 400052, Maharashtra, India |
|
Date of Birth/Age : |
10.01.1983 |
|
Date of Appointment : |
29.09.2012 |
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DIN No. : |
00289512 |
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|
Name : |
Mr. Tushar Ambalal Porwal |
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Designation : |
Director |
|
Address : |
301, Swastik Sadan, 3rd Floor, Khar (West), Mumbai, 400052, Maharashtra, India |
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Date of Birth/Age : |
07.01.1975 |
|
Date of Appointment : |
26.02.2003 |
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DIN No. : |
00290353 |
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|
|
|
Name : |
Mr. Vijay Mohanlal Porwal |
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Designation : |
Director |
|
Address : |
301, Swastik Sadan, 3rd Floor, Khar (West),
Mumbai, 400052, Maharashtra, India |
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Date of Birth/Age : |
06.12.1953 |
|
Date of Appointment : |
05.09.2009 |
|
DIN No. : |
00606435 |
KEY EXECUTIVES
|
Name : |
Mr. Hardik Chawda |
|
Designation : |
Account Manger |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Ambalal Porwal |
5250 |
10.50 |
|
Tushar A Porwal |
5000 |
10.00 |
|
Vipul A. Porwal |
5000 |
10.00 |
|
Nirmala V. Porwal |
7250 |
14.50 |
|
Vijay M. Porwal (HUF) |
8000 |
16.00 |
|
Vilash B. Shah |
9300 |
18.60 |
|
Nitul B. Shah |
9300 |
18.60 |
|
Bhupat K Shah ( HUF) |
900 |
1.80 |
|
Total |
50000 |
100.00 |
%20LIMITED%20-%20315203_MIRA%2031-Mar-2015_files/image013.gif)
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Ferrous and Non Ferrous Metal, Derivative Instruments. |
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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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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
OEMs and Manufacturer
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No. of Employees : |
15 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Shaparia and Mehta Chartered Accountants |
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Address : |
1/74, Krishna Kunj, R.A. Kidwai Road, King’s Circle, Matunga (C. Rly),
Mumbai – 400019, Maharashtra, India |
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Tel. No.: |
91-22-24098905/06 /07 /08 |
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E-Mail : |
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Website : |
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PAN No.: |
AABFS3225N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Company in which KMP / Relatives of KMP can exercise significant
influence : |
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|
|
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Other Related Parties : (As confirmed by Management) |
Mtech Asia Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500 Million |
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|
|
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 |
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|
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(1)Shareholders' Funds |
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(a) Share Capital |
0.500 |
0.500 |
0.100 |
|
(b) Reserves &
Surplus |
144.159 |
140.117 |
159.596 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
144.659 |
140.617 |
159.696 |
|
|
|
|
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(3) Non-Current
Liabilities |
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|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
110.643 |
166.103 |
165.124 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
110.643 |
166.103 |
165.124 |
|
|
|
|
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(4) Current Liabilities |
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|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
0.563 |
4.201 |
12.712 |
|
(d) Short-term provisions |
0.403 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
0.966 |
4.201 |
12.712 |
|
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|
|
|
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TOTAL |
256.268 |
310.921 |
337.532 |
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|
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II.
ASSETS |
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|
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(1) Non-current assets |
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.791 |
2.920 |
3.615 |
|
(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 |
1.279 |
1.279 |
1.279 |
|
(c) Deferred tax assets
(net) |
17.713 |
19.232 |
14.811 |
|
(d) Long-term Loan and Advances |
224.228 |
275.016 |
296.062 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
245.011 |
298.447 |
315.767 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.699 |
0.347 |
3.261 |
|
(d) Cash and cash
equivalents |
1.301 |
1.283 |
0.571 |
|
(e) Short-term loans and
advances |
9.257 |
10.844 |
17.933 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
11.257 |
12.474 |
21.765 |
|
|
|
|
|
|
TOTAL |
256.268 |
310.921 |
337.532 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
(25.537) |
(11.070) |
149.945 |
|
|
Other Income |
30.258 |
2.447 |
7.916 |
|
|
TOTAL (A) |
4.721 |
(8.623) |
157.861 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
0.000 |
0.000 |
67.813 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
104.313 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
2.943 |
|
|
Employees benefits
expense |
0.772 |
1.477 |
4.727 |
|
|
Other expenses |
1.470 |
3.019 |
22.131 |
|
|
TOTAL (B) |
2.242 |
4.496 |
201.927 |
|
|
|
|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
2.479 |
(13.119) |
(44.066) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.020 |
0.012 |
0.060 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.459 |
(13.131) |
(44.126) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.510 |
0.695 |
0.738 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
1.949 |
(13.826) |
(44.864) |
|
|
|
|
|
|
|
Less |
TAX (H) |
(2.093) |
5.648 |
(14.316) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
4.042 |
(19.474) |
(30.548) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
27.431 |
0.000 |
105.240 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
80.86 |
(584.24) |
2296.90 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(15.83) |
175.92 |
(20.37) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
(9.71) |
118.51 |
(29.39) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.82 |
(4.76) |
(13.96) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
(0.10) |
(0.28) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
11.65 |
2.97 |
1.71 |
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 |
0.100 |
0.500 |
0.500 |
|
Reserves & Surplus |
159.596 |
140.117 |
144.159 |
|
Net worth |
159.696 |
140.617 |
144.659 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
%20LIMITED%20-%20315203_MIRA%2031-Mar-2015_files/image015.gif)
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 |
149.945 |
(11.070) |
(25.537) |
|
|
|
(107.383) |
130.687 |
%20LIMITED%20-%20315203_MIRA%2031-Mar-2015_files/image017.gif)
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 |
149.945 |
(11.070) |
(25.537) |
|
Profit |
(30.548) |
(19.474) |
4.042 |
|
|
(20.37%) |
175.92% |
(15.83%) |
%20LIMITED%20-%20315203_MIRA%2031-Mar-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBTS IS NOT AVAILABLE
|
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 |
Yes |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CORPORATE
INFORMATION:
The company was incorporated on 26.02.2003. The company is engaged in
the business trading in currency and commodity derivatives, besides processing
and recycling of ferrous and non-ferrous metals.
FINANCIAL
STATEMENT:
During the year company has incurred loss from operation of Rs. 25.537
Million compared to Rs. 11.069 Million loss for the previous financial year. Further,
during the year company has written back of non traceable creditors and
settlement of quality claims of earlier years of EOU unit resulted in
unexpected gain of Rs. 28.600 Million. The company has incurred Net profit
before tax of Rs. 1.950 Million as against Net Loss before tax of Rs. 13.826
Million for the corresponding previous financial, years
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90149056 |
09/02/2005 |
616,635.00 |
ICICI BANK LIMITED |
ZENITH HOUSE; KESHAVRAO KHYADE MARG, MAHALAXMI, MUMBAI, MAHARASHTRA - 400034, INDIA |
- |
* Date of charge modification
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Appeals filed in respect of disputed demands
under central excise Act |
16.142 |
16.142 |
|
Total |
16.142 |
16.142 |
FIXED ASSETS
- Plant and Machinery
- Building
- Office
equipment
- Factory
Equipments
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. 62.63 |
|
|
1 |
Rs. 92.94 |
|
Euro |
1 |
Rs. 68.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
-- |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
-- |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
12 |
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.