MIRA INFORM REPORT
|
Report No. : |
320629 |
|
Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT ENVIRO-PROTECTION AND INFRASTRUCTURE LIMITED |
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|
|
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Registered
Office : |
Luthra Mills Compound, Pandesara GIDC, Plot No. 252/2, Pandesara,
Surat- 394221, Gujarat |
|
Tel. No.: |
91-261-2890606/7/8 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.01.1999 |
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Com. Reg. No.: |
04-035306 |
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Capital
Investment / Paid-up Capital : |
Rs. 202.000 million |
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|
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CIN No.: [Company Identification
No.] |
U74999GJ1999PLC035306 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in developing, developing operating and maintaining of infrastructure facilities in respect of solid waste management system |
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No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
--- (Matter converted to SCA/16544/2012) |
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Comments : |
Subject is an established company having satisfactory track. The company has incurred loss from its operations. However, the rating
takes into Account Company’s healthy financial risk profile marked by good
net worth and low gearing. Further, it has fair liquidity during FY2014. Trade relations reported to be fair. Business is active. Payments are
reported to be usually correct. Subject 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Mubin Tapali |
|
Designation : |
Manager |
|
Contact No.: |
91-9978313336 |
|
Date : |
30.04.2015 |
LOCATIONS
|
Registered Office : |
Luthra Mills Compound, Pandesara GIDC, Plot No. 252/2, Pandesara,
Surat- 394221, Gujarat, India |
|
Tel. No.: |
91-261-2890606/7/8 |
|
Mobile No.: |
91-9978313336 (Mr. Mubin Tapali) |
|
Fax No.: |
91-261-2890600 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Girish R. Luthra |
|
Designation : |
Director |
|
Address : |
Luthra Niwas, A/1, Janta Nagar Society, New Bhatar Road, Surat - 395002, Gujarat, India |
|
Date of Birth/Age : |
05.05.1963 |
|
Date of Appointment : |
21.01.1999 |
|
PAN No.: |
AAOPL4991K |
|
DIN No.: |
00190329 |
|
|
|
|
Name : |
Mr. Narendra Lalchand Shah |
|
Designation : |
Director |
|
Address : |
2/109/K, B/H Gowardhan Mandeer, Magdalla, Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
23.10.1941 |
|
Date of Appointment : |
18.05.2001 |
|
PAN No.: |
AEPPS1149R |
|
DIN No.: |
00190529 |
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|
|
|
Name : |
Mr. Kamalvijay Ramchandra Tulsian |
|
Designation : |
Director |
|
Address : |
C-151, Ramchandra Bhavan, Jamna Nagar Society, Ghod Dod Road, Surat, 395007, Gujarat, India |
|
Date of Birth/Age : |
17.02.1951 |
|
Date of Appointment : |
18.05.2001 |
|
DIN No.: |
00190840 |
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|
|
|
Name : |
Mr. Dharmesh Vinodraj Patel |
|
Designation : |
Director |
|
Address : |
421, Lalbhai Contractor Cpmplex, Near Parsi Library, Napura, Surat - 395001, Gujarat, India |
|
Date of Birth/Age : |
08.01.1970 |
|
Date of Appointment : |
28.06.2011 |
|
DIN No.: |
01932395 |
|
|
|
|
Name : |
Mr. Priyesh Devsinh Bhatti |
|
Designation : |
Whole-Time Director |
|
Address : |
1005 Nana Enclave Govardhan, Haveli Compound Dumas Road, Surat - 395007, Gujarat, India |
|
Date of Birth/Age : |
17.07.1972 |
|
Date of Appointment : |
28.06.2011 |
|
PAN No.: |
ABUPB0565G |
|
DIN No.: |
02577547 |
KEY EXECUTIVES
|
Name : |
Regal Patel |
|
Designation : |
Secretary |
|
Address : |
303, Samrat Kunj Apartment, Opposite Prime Arcade, Near New Water Tank, Anand Mahal Road, Surat-395009, Gujarat, India |
|
Date of Appointment : |
28.02.2015 |
|
PAN No.: |
AXUPP0611R |
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|
|
|
Name : |
Deepak Jagdish Birjuka |
|
Designation : |
Chief Executive Officer |
|
Address : |
304, Ashirwad Complex, Umra, Surat-395007, Gujarat, India |
|
Date of Appointment : |
28.02.2015 |
|
PAN No.: |
AGAPB8113B |
|
|
|
|
Name : |
Mr. Mubin Tapali |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
SHAREHOLDER FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
20.00 |
|
Directors or relatives of Directors |
54.00 |
|
Other top fifty shareholders |
26.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in developing, developing operating and maintaining of infrastructure facilities in respect of solid waste management system. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
500 (Approximately) |
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Bankers : |
Small Industries Development Bank of India, U 31-37, Megh
Mayur Plaza, Surat Dumas Road, Parle Point, Surat - 395007, Gujarat, India
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Facilities : |
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Auditors : |
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Name : |
Niranjan Desai and Company Chartered Accountants |
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Address : |
Office No. 33, Maher Park -A, Athawagate Ring Road, Surat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAZPD2642J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company |
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Joint venture |
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Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2100000 |
Equity Shares |
Rs.100/- each |
Rs. 210.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2020000 |
Equity Shares |
Rs.100/- each |
Rs. 202.000 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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
202.000 |
202.000 |
200.000 |
|
(b) Reserves & Surplus |
708.758 |
794.024 |
823.440 |
|
(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) |
910.758 |
996.024 |
1023.440 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
88.800 |
122.032 |
51.508 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
47.289 |
0.454 |
21.345 |
|
(d) long-term
provisions |
90.340 |
89.009 |
111.556 |
|
Total Non-current
Liabilities (3) |
226.429 |
211.495 |
184.409 |
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
61.942 |
57.889 |
37.907 |
|
(b) Trade
payables |
98.840 |
66.257 |
105.520 |
|
(c) Other
current liabilities |
142.825 |
243.598 |
186.454 |
|
(d) Short-term
provisions |
48.015 |
28.140 |
57.471 |
|
Total Current
Liabilities (4) |
351.622 |
395.884 |
387.352 |
|
|
|
|
|
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TOTAL |
1488.809 |
1603.403 |
1595.201 |
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
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|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
548.544 |
371.228 |
421.106 |
|
(ii) Intangible
Assets |
1.106 |
1.844 |
2.335 |
|
(iii)
Capital work-in-progress |
26.025 |
250.888 |
353.965 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
80.829 |
81.849 |
81.874 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11.371 |
9.970 |
13.082 |
|
(e) Other
Non-current assets |
360.784 |
328.235 |
134.722 |
|
Total Non-Current
Assets |
1028.659 |
1044.014 |
1007.084 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2.355 |
12.720 |
12.436 |
|
(c) Trade
receivables |
100.063 |
50.258 |
89.610 |
|
(d) Cash
and cash equivalents |
18.860 |
69.795 |
44.659 |
|
(e) Short-term
loans and advances |
272.710 |
355.816 |
378.241 |
|
(f) Other
current assets |
66.162 |
70.800 |
63.171 |
|
Total
Current Assets |
460.150 |
559.389 |
588.117 |
|
|
|
|
|
|
TOTAL |
1488.809 |
1603.403 |
1595.201 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue From Operations |
216.606 |
143.906 |
489.649 |
|
|
|
Other Income |
32.620 |
41.608 |
29.536 |
|
|
|
TOTAL |
249.226 |
185.514 |
519.185 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Exceptional Item |
21.934 |
(1.472) |
(0.167) |
|
|
|
Employees benefits expense |
53.050 |
42.220 |
71.855 |
|
|
|
Other expenses |
180.202 |
113.052 |
258.029 |
|
|
|
TOTAL |
255.186 |
153.800 |
329.717 |
|
|
|
|
|
|
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|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(5.960) |
31.714 |
189.468 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
24.731 |
13.963 |
19.354 |
|
|
|
|
|
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|
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|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(30.691) |
17.751 |
170.114 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
54.573 |
57.667 |
43.146 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(85.264) |
(39.916) |
126.968 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
(2.787) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(85.264) |
(39.916) |
129.755 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(42.00) |
(20.00) |
64.88 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
|
|
|
|
|
The above information has been parted by Mr. Mubin Tapali (Manager)
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(39.36) |
(27.74) |
26.50 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(2.75) |
22.04 |
38.69 |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.17) |
(3.14) |
10.95 |
|
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|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.09) |
(0.04) |
0.12 |
|
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|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.17 |
0.18 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.41 |
1.52 |
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 |
200.000 |
202.000 |
202.000 |
|
Reserves & Surplus |
823.440 |
794.024 |
708.758 |
|
Net worth |
1023.440 |
996.024 |
910.758 |
|
|
|
|
|
|
long-term borrowings |
51.508 |
122.032 |
88.800 |
|
Short term borrowings |
37.907 |
57.889 |
61.942 |
|
Total borrowings |
89.415 |
179.921 |
150.742 |
|
Debt/Equity ratio |
0.087 |
0.181 |
0.166 |
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) |
|
Revenue From Operations |
489.649 |
143.906 |
216.606 |
|
|
|
(70.610) |
50.519 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue From Operations |
489.649 |
143.906 |
216.606 |
|
Profit/ Loss |
129.755 |
(39.916) |
(85.264) |
|
|
26.50% |
(27.74%) |
(39.36%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
33.732 |
37.531 |
34.611
|
|
|
|
|
|
|
Total |
33.732 |
37.531 |
34.611
|
|
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 |
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 |
No |
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Rupee term loans from others |
12.322 |
5.830 |
|
Intercorporate borrowings |
49.620 |
35.265 |
|
Total |
61.942 |
41.095 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10375375 |
10/09/2012 |
140,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
U 31-37, MEGH MAYUR PL AZA, SURAT DUMAS ROAD, PARLE POINT, SURAT -395007, GUJARAT, INDIA |
B57637027 |
|
2 |
10348110 |
27/12/2012 * |
140,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
U 31-37, MEGH MAYUR PLAZA, SURAT DUMAS ROAD, PARLE POINT, SURAT - 395007, GUJARAT, INDIA |
B66494030 |
|
3 |
10172748 |
13/02/2013 * |
340,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
U 31-37, MEGH MAYUR PLAZA, SURAT DUMAS ROAD, PARLE POINT, SURAT - 395007, GUJARAT, INDIA |
B70237458 |
|
4 |
10169272 |
02/01/2014 * |
120,000,000.00 |
IDBI BANK LIMITED |
IDBI TOWER WTC
COMPLEX, MUMBAI, BRANCH OFFICE AT |
B94081254 |
|
5 |
10148901 |
13/02/2013 * |
340,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
U 31-37, MEGH MAYUR PLAZA, SURAT DUMAS ROAD, PARLE POINT, SURAT - 395007, GUJARAT, INDIA |
B70248612 |
|
6 |
10029567 |
13/02/2013 * |
340,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
U 31-37, MEGH MAYUR PLAZA, SURAT DUMAS ROAD, PARLE POINT, SURAT - 395007, GUJARAT, INDIA |
B70264031 |
|
7 |
10003208 |
13/02/2013 * |
340,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
U 31-37, MEGH MAYUR PLAZA, SURAT DUMAS ROAD, PARLE POINT, SURAT - 395007, GUJARAT, INDIA |
B70270186 |
|
8 |
80017565 |
13/02/2013 * |
340,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
U 31-37, MEGH MAYUR PLAZA, SURAT DUMAS ROAD, PARLE POINT, SURAT - 395007, GUJARAT, INDIA |
B70302583 |
|
9 |
80017567 |
22/11/2013 * |
340,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
U 31-37, MEGH MAYUR PLAZA, SURAT DUMAS ROAD, PARLE POINT, SURAT - 395007, GUJARAT, INDIA |
B91833582 |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Computer software
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 records 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.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
43 |
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.