MIRA INFORM REPORT
|
Report No. : |
320744 |
|
Report Date : |
05.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
STRATA GEOSYSTEMS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
317, Tantia Jogani Industrial Premises, 3rd Floor, J R Boricha
Marg, Lower Parel, Mumbai – 400011, Maharashtra |
|
Tel. No. : |
91-22-40635100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.09.2004 |
|
|
|
|
Com. Reg. No.: |
11-148625 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.410
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17299MH2004PTC148625 |
|
|
|
|
IEC No.: |
0304071960 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS44304B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS3717K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing and Marketing of 'Geotextile' Products. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track record. There seem some dip in the turnover and profit of the company during FY
2014 however net worth of the company is satisfactory. Profitability of the
company is sound. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payment terms
are reported to be usually correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB+ |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk. |
|
Date |
07.10.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3+ |
|
Rating Explanation |
Moderate degree of safety and carry higher
credit risk. |
|
Date |
06.10.2014 |
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 PARTED BY
|
Name : |
Mr. Ashok Bhawani |
|
Designation : |
Director |
|
Contact No.: |
91-22-40635100 |
|
Date : |
02.05.2015 |
LOCATIONS
|
Registered
Office / Head Office : |
317, Tantia Jogani Industrial Premises, 3rd Floor, J R
Boricha Marg, Lower Parel, Mumbai – 400011, Maharashtra, India |
|
Tel. No.: |
91-22-40635100 / 23016906 |
|
Fax No.: |
91-22-40635199 / 23018114 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Corporate
Office: |
416, Maheshwari Chambers, 6-3-650, Somajiguda, Hyderabad 500082, Andhra
Pradesh, India |
|
Tel. No.: |
91-40-40037921 |
|
|
|
|
Factory : |
Plot No. 62/64, Silver Industrial Estate, Bimpore - 396210, Daman,
India |
|
Area : |
3700 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Sales Office : |
Located At:
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ashok Bhawnani |
|
Designation : |
Chairman |
|
Address : |
6 Park View, Little Gibbs Road, Malabar Hill, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
12.03.1951 |
|
Date of Appointment : |
15.09.2004 |
|
DIN No.: |
00058344 |
|
|
|
|
Name : |
Mr. Narendra K. Dalmia |
|
Designation : |
Director |
|
Address : |
603/604, Highland Park – A, Off. Link Road, Andheri (W), Mumbai –
400053, Maharashtra, India |
|
Date of Birth/Age : |
01.05.1955 |
|
Date of Appointment : |
18.10.2007 |
|
DIN No.: |
00071559 |
|
|
|
|
Name : |
Mr. Harold Webster Hill JR |
|
Designation : |
Director |
|
Address : |
2911, Forst Dale Dr Burlington – 27215, USA |
|
Date of Birth/Age : |
09.07.1960 |
|
Date of Appointment : |
16.11.2007 |
|
DIN No.: |
02457865 |
|
|
|
|
Name : |
Mr. Alvin Elmo Fuller III |
|
Designation : |
Director |
|
Address : |
3150, Rockport DR, Cuming Georgia, USA - 30041 |
|
Date of Birth/Age : |
20.02.1950 |
|
Date of Appointment : |
25.10.2004 |
|
DIN No.: |
02457998 |
KEY EXECUTIVES
|
Name : |
Mr. Niraj Trivedi |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashok M. Bhawnani |
|
160104 |
|
Omnitex Industries (India) Limited, India |
|
720098 |
|
Strata Systems Inc, USA |
|
1220520 |
|
Sun-N-Sand Investment and Finance Company Private Limited, India |
|
108500 |
|
Narendra M. Dalmia |
|
60204 |
|
Manorma N. Dalmia |
|
46500 |
|
Gautam M. Dalmia |
|
1000 |
|
Shaily N. Dalmia |
|
1000 |
|
Vidyadevi M. Dalmia |
|
1000 |
|
Vijay Kumar M. Dalmia |
|
50000 |
|
Neeraj V. Dalmia |
|
1000 |
|
Sangeeta V. Dalmia |
|
1000 |
|
C V Kanade |
|
12205 |
|
Rajesh S Saraf |
|
10 |
|
Kiron G Advani |
|
44414 |
|
Gul R Advani |
|
8811 |
|
Richa A Bhawnani |
|
1619 |
|
India Ramkrishna |
|
3045 |
|
Shreekant Khetan |
|
10 |
|
Total |
|
2441040 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
33.94 |
|
Directors or relatives of Directors |
15.44 |
|
Other top fifty shareholders |
0.62 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20320744_MIRA%2005-May-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Marketing of 'Geotextile' Products. |
|
|
|
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Products : |
Not Available |
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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 : |
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Products : |
Raw Material |
|
Countries : |
US |
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Terms : |
|
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Selling : |
Cash and Credit ( 30/60/90 Days) |
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|
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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 : |
100 (Approximately) |
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Bankers : |
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Facilities : |
Notes Long Term Borrowings 1.1
First Exclusive charge by way of hypothecation of
the company's entire stood and such other movable including book debts,
outstanding monies, receivables both present and future 1.2
First and Exclusive charge in favor of the Bank
by way of equitable Mortgage of Land and Building
located at Silver Industrial Estate, Bhimpore, Daman 1.3
Firm charge on all Paint and Machinery
and other Fixed Assets of the
company both present and future 1.4
Firm and Exclusive
charge in favor of the Bank by way of equitable mortgage of Office Premises at Tantia Jogani
Industrial Premires J. R. Boriba Mark
Lower Parel, Murnbai-400011 in the name of Omnitex Industries (India)
limited 2 Both the loans
have been guaranteed by a Direct and Omnitex Industries
(India) limited 3
Both the above
loan carry an interest rate of IClCl Bank PLR Rate + 3.75% which
subject to periodical revision 4
Term Loan1
is repayable in quarterly installment of Rs.2.500 Million each and the last installment falls due in May
2014 5
Term Loan 2 is repayable in quarterly
installments of Rs.2.168
Million each and the last installment falls due in December 2016 Short
Term Borrowings 1.3
First Exclusive charge by way of hypothecation of
the company's entire stood and such other movable including book debts,
outstanding monies, receivables both present and future. 1.2
First and Exclusive charge in favor of the Bank
by way of equitable Mortgage of Land and Building
located at Silver Industrial Estate, Bhimpore, Daman 1.3
Firm charge on all Paint and Machinery
and other Fixed Assets of the
company both present and future 1.4
Firm and Exclusive
charge in favor of the Bank by way of equitable mortgage of Office Premises at Tantia Jogani
Industrial Premires J. R. Boriba Mark
Lower Parel, Murnbai-400011 in the name of Omnitex Industries (India)
limited 2 Both the loans
have been guaranteed by a Direct and Omnitex Industries
(India) limited 3 Both the above loan carry an interest rate
of IClCl Bank PLR Rate + 3.75%
which subject to periodical revision |
|
Auditors : |
|
|
Name : |
Tembey and Mhatre Chartered Accountants |
|
Address : |
120, Udyog Mandir No.1, Bhagoji Keer Marg, Mahim, Mumbai – 400016, Maharashtra,
India |
|
Tel. No.: |
91-22-24448069 / 73 |
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E-Mail : |
|
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PAN No.: |
AAAFT4024B |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Related Parties : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2441040 |
Equity Shares |
Rs.10/- each |
Rs.24.410
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
24.410 |
24.410 |
24.410 |
|
(b) Reserves & Surplus |
190.448 |
167.663 |
143.479 |
|
(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) |
214.858 |
192.073 |
167.889 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
38.795 |
41.563 |
59.104 |
|
(b) Deferred tax liabilities
(Net) |
1.289 |
0.087 |
0.690 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.403 |
2.995 |
2.564 |
|
Total
Non-current Liabilities (3) |
42.487 |
44.645 |
62.358 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
84.563 |
38.643 |
49.541 |
|
(b) Trade payables |
45.068 |
23.847 |
33.101 |
|
(c) Other current liabilities |
100.250 |
116.732 |
107.269 |
|
(d) Short-term provisions |
3.380 |
3.755 |
22.353 |
|
Total
Current Liabilities (4) |
233.261 |
182.977 |
212.264 |
|
|
|
|
|
|
TOTAL |
490.606 |
419.695 |
442.511 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
120.220 |
109.245 |
119.668 |
|
(ii) Intangible Assets |
5.488 |
0.356 |
0.246 |
|
(iii) Capital work-in-progress |
18.486 |
0.000 |
0.000 |
|
(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 |
4.055 |
6.339 |
4.303 |
|
(e) Other Non-current assets |
45.692 |
44.307 |
35.056 |
|
Total
Non-Current Assets |
193.941 |
160.247 |
159.273 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
69.322 |
61.917 |
73.970 |
|
(c) Trade receivables |
206.066 |
154.770 |
156.639 |
|
(d) Cash and cash equivalents |
0.476 |
8.550 |
8.377 |
|
(e) Short-term loans and
advances |
20.662 |
34.132 |
44.096 |
|
(f) Other current assets |
0.139 |
0.079 |
0.156 |
|
Total
Current Assets |
296.665 |
259.448 |
283.238 |
|
|
|
|
|
|
TOTAL |
490.606 |
419.695 |
442.511 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
629.900 |
628.826 |
520.865 |
|
|
Other Income |
8.616 |
3.212 |
2.595 |
|
|
TOTAL
(A) |
638.516 |
632.038 |
523.460 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
254.279 |
242.633 |
206.265 |
|
|
Purchases of Stock-in-Trade |
16.980 |
22.202 |
11.403 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.388 |
0.178 |
(17.722) |
|
|
Employees benefits expense |
100.042 |
94.216 |
68.666 |
|
|
Other expenses |
196.991 |
200.983 |
160.068 |
|
|
TOTAL
(B) |
568.680 |
560.212 |
428.680 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
69.836 |
71.826 |
94.780 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
18.130 |
19.384 |
17.390 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
51.706 |
52.442 |
77.390 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
16.118 |
16.393 |
13.705 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
35.588 |
36.049 |
63.685 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
12.804 |
11.865 |
20.356 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
22.784 |
24.184 |
43.329 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
105.611 |
81.427 |
38.098 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
128.395 |
105.611 |
81.427 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
39.734 |
5.748 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
89.488 |
122.202 |
146.917 |
|
|
Components and Stores parts |
0.724 |
1.347 |
0.000 |
|
|
Capital Goods |
3.625 |
1.347 |
0.175 |
|
|
Traded Goods |
12.918 |
16.718 |
0.000 |
|
|
TOTAL
IMPORTS |
106.755 |
141.614 |
147.092 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.33 |
9.91 |
19.00 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
640.000 |
|
|
|
|
|
The above information has been parted by Mr. Ashok Bhawani
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.62 |
3.85 |
8.32 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
11.09 |
11.42 |
18.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.54 |
8.59 |
14.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.19 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.57 |
0.42 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.42 |
1.33 |
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 |
24.410 |
24.410 |
24.410 |
|
Reserves & Surplus |
143.479 |
167.663 |
190.448 |
|
Net
worth |
167.889 |
192.073 |
214.858 |
|
|
|
|
|
|
long-term borrowings |
59.104 |
41.563 |
38.795 |
|
Short term borrowings |
49.541 |
38.643 |
84.563 |
|
Total
borrowings |
108.645 |
80.206 |
123.358 |
|
Debt/Equity
ratio |
0.647 |
0.418 |
0.574 |
%20PRIVATE%20LIMITED%20-%20320744_MIRA%2005-May-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 |
520.865 |
628.826 |
629.900 |
|
|
|
20.727 |
0.171 |
%20PRIVATE%20LIMITED%20-%20320744_MIRA%2005-May-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 |
520.865 |
628.826 |
629.900 |
|
Profit |
43.329 |
24.184 |
22.784 |
|
|
8.32% |
3.85% |
3.62% |
%20PRIVATE%20LIMITED%20-%20320744_MIRA%2005-May-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Million
|
Particular |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
Current maturities of long-term debt |
11.621 |
19.123 |
16.501 |
|
|
|
|
|
|
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BACKGROUND:
The Company was incorporated in India on September 15, 2004 as a Private Limited Company under the Companies Act, 1956 with its registered office located in Mumbai. The Company is a Joint Venture between Strata Systems Inc., USA (a subsidiary of John Boyle and Company Inc., USA) and Omnitex Industries (India) Limited, Mumbai for manufacturing and marketing of 'Geotextile' products including "Geogrids" in lndia and certain other countries. The Company has commenced manufacturing activities during 2009
OUTLOOK
Despite 2013-14 being a difficult year for the infrastructure sector, the company has been able to maintain the performance 2s compared to the previous year. With a stable Government at Centre, it is expected that the business environment in the countv will be stable and encourage growth. This should augur well for your company in the coming years particularly with the growing focus on infrastructure. Therefore, your management is expecting the momentum of growth to continue in the coming years.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
31.03.2013 Rs. In Million |
31.03.2014 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Loans and
advances from relates parties |
16.448 |
7.900 |
|
Other loans and
advances |
6.404 |
6.100 |
|
Short Term Borrowings |
|
|
|
Other loans and advances
(bills discounted under third party letters of credit) |
0.000 |
12.681 |
|
Bank Overdraft |
9.671 |
0.000 |
|
Total |
32.523 |
26.681 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10320350 |
20/03/2014 * |
187,100,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
C05134499 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
49 |
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.