MIRA INFORM REPORT
|
Report No. : |
320898 |
|
Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
VENUS WIRE INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
19, Raghuvanshi Mills Compound, S.B. Marg, Lower Parel
(West), Mumbai – 400 013, Maharashtra |
|
Tel. No.: |
91-22-24978840 / 30451000 / 24978839 / 30451001 / 30451000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.03.1990 |
|
|
|
|
Com. Reg. No.: |
11-055812 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.904 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MH1990PTC055812 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV04136G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV1421F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Stainless Steel Wire, Bars
and Bright Wire and Bars. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 3000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “Venus Group of Companies”. It is an established
company having fine. The company possesses a favorable financial profile marked by
comfortable liquidity position and strong debt protection metrics. Moreover, management has reported a healthy total operating income as
well as the net profit which is further susceptible to varying raw material
prices as well as fluctuation in foreign exchange rates. However, trade relations are fair. Business is active. Payment terms
are reported as regular and as per commitments. In view of experienced promoters, the subject can be considered for
business dealings at usual trade terms and conditions. |
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 |
CARE |
|
Rating |
Long Term Rating (A+) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
March 05, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating (A1+) |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
March 05, 2015 |
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. A.K. Jain |
|
Designation : |
Vice President (Export) |
|
Contact No.: |
91-22-24978840 |
|
Date : |
05.05.2015 |
LOCATIONS
|
Registered Office/ Corporate Office : |
19, Raghuvanshi Mills Compound, S.B. Marg, Lower Parel
(West), Mumbai – 400 013, Maharashtra, India |
|
Tel. No.: |
91-22-24978840 / 30451000 |
|
Fax No.: |
91-22-24978846 / 30451045 |
|
E Fax No. (Mumbai): |
91-22-66459735 |
|
E Fax No. (USA): |
+ 001 208 4391355 |
|
E-Mail : |
Management: grsanghvi@venuswires.com Sales Enquiry: haresh@venuswires.com Quality Control: rkg@venuswires.com Shipping: shipping@venuswires.com Service Issues: support@venuswires.com |
|
Website : |
|
|
|
|
|
Factory / Sales
Office : |
Atkargaon, Takai -Adoshi, Khopoli – 410 203, Maharashtra, India |
|
Tel. No.: |
91-2192-304800 / 263404 / 262612 |
|
Fax No.: |
91-2192-268873 / 304850 |
|
E-Mail : |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Babulal Parasmal Bohra |
|
Designation : |
Director |
|
Address : |
401, Chetana Apartment, Bharat Nagar, Grant Road, Mumbai –
400 007, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1951 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.03.1990 |
|
DIN No.: |
01453687 |
|
PAN No.: |
AABPB2438G |
|
|
|
|
Name : |
Mr. Gheverchand Parasmal Bohra |
|
Designation : |
Director |
|
Address : |
401, Chetana Apartment, Bharat Nagar, Grant Road, Mumbai – 400 007,
Maharashtra, India |
|
Date of Birth/Age : |
24.12.1954 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.03.1990 |
|
DIN No.: |
01491771 |
|
|
|
|
Name : |
Mr. Motilal Parasmal Bohra |
|
Designation : |
Director |
|
Address : |
401, Chetana Apartment, Bharat Nagar, Grant Road, Mumbai – 400 007,
Maharashtra, India |
|
Date of Birth/Age : |
19.10.1961 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.03.1990 |
|
DIN No.: |
01601492 |
|
|
|
|
Name : |
Mr. Gheverchand Raghunath Sanghvi |
|
Designation : |
Director |
|
Address : |
D/1/16, Bharat Nagar, Grant Road, Mumbai – 400 007, Maharashtra, India
|
|
Date of Birth/Age : |
10.08.1964 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
15.03.1990 |
|
DIN No.: |
01597211 |
|
|
|
|
Name : |
Mr. Hitesh Babulal Bohra |
|
Designation : |
Director |
|
Address : |
401, Chetana Apartment, Bharat Nagar, Grant Road, Mumbai – 400 007, Maharashtra,
India |
|
Qualification : |
B. Com |
|
Date of Appointment: |
10.12.2005 |
|
DIN No.: |
01596934 |
KEY EXECUTIVES
|
Name : |
Mr. A.K. Jain |
|
Designation : |
Vice President (Export) |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Babulal P. Bohra |
|
10010 |
|
Ghevarchand P. Bohra |
|
8510 |
|
Motilal P. Bohra |
|
11010 |
|
Gheverchand R. Sanghvi |
|
10210 |
|
Manju Indechand Surana |
|
500 |
|
Moolchand Sanghvi |
|
1000 |
|
Bacharaj Sanghvi |
|
1000 |
|
Bhavarlal S. Bohra |
|
1000 |
|
Ramesh B. Bafna |
|
1000 |
|
Hemant G. Bohra |
|
1000 |
|
Babulal P. Bohra and Shantaben B. Bohra |
|
11800 |
|
Hitesh B. Bohra |
|
1500 |
|
Haresh B. Bohra |
|
1500 |
|
Total
|
|
59040 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Stainless Steel Wire, Bars
and Bright Wire and Bars. |
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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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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|
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Banking Relations
: |
SICOM Limited, Nirmal Ist Floor, Nariman Point, Mumbai, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
M.C. Doshi and Company Chartered Accountants |
|
Address : |
307, Vaishali Apartments, 30/31, Parekh Street, Prarthana Samaj, Mumbai – 400 004, Maharashtra, India |
|
Tel. No. : |
91-22-67437416 / 17 |
|
Fax No. : |
91-22-23824232 |
|
E-Mail : |
|
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PAN
No.: |
AABPD5830G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Relatives of Key
Management personnel and their Enterprises where transactions have taken
place : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
59040 |
Equity Shares |
Rs.100/- each |
Rs. 5.904 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 |
5.904 |
5.904 |
5.904 |
|
(b) Reserves & Surplus |
1061.196 |
873.077 |
750.435 |
|
(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) |
1067.100 |
878.981 |
756.339 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
2.500 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
9.234 |
7.815 |
5.333 |
|
Total Non-current
Liabilities (3) |
9.234 |
7.815 |
7.833 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
277.771 |
435.837 |
177.866 |
|
(b) Trade
payables |
363.377 |
427.609 |
223.672 |
|
(c) Other
current liabilities |
39.725 |
35.985 |
48.619 |
|
(d) Short-term
provisions |
0.326 |
0.316 |
2.885 |
|
Total Current
Liabilities (4) |
681.199 |
899.747 |
453.042 |
|
|
|
|
|
|
TOTAL |
1757.533 |
1786.543 |
1217.214 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
162.638 |
139.623 |
134.707 |
|
(ii)
Intangible Assets |
1.784 |
1.452 |
2.419 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.576 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.595 |
1.595 |
1.595 |
|
(c) Deferred tax assets (net) |
9.024 |
9.905 |
8.343 |
|
(d) Long-term Loan and Advances |
20.386 |
15.460 |
1.025 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
195.427 |
168.035 |
148.665 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
285.360 |
381.992 |
251.467 |
|
(c) Trade
receivables |
698.064 |
732.770 |
449.340 |
|
(d) Cash
and cash equivalents |
74.660 |
65.114 |
48.572 |
|
(e)
Short-term loans and advances |
53.304 |
19.449 |
35.489 |
|
(f) Other
current assets |
450.718 |
419.183 |
283.681 |
|
Total
Current Assets |
1562.106 |
1618.508 |
1068.549 |
|
|
|
|
|
|
TOTAL |
1757.533 |
1786.543 |
1217.214 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales (Gross) |
2946.477 |
2697.411 |
2362.291 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
354.170 |
262.211 |
241.001 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
OTHER FINANCIAL EXPENSES (D) |
50.461 |
32.184 |
33.335 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
207.666 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
31.822 |
29.796 |
27.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
271.887 |
200.231 |
180.658 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
83.814 |
78.344 |
69.454 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
188.072 |
121.88 |
111.204 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
869.477 |
746.935 |
635.732 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1057.649 |
868.823 |
746.936 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Values of Exports |
2345.869 |
2128.168 |
1630.109 |
|
|
TOTAL EARNINGS |
2345.869 |
2128.168 |
1630.109 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
23.700 |
12.556 |
NA |
|
|
|
Components and Spares |
9.516 |
11.301 |
NA |
|
|
|
Capital Goods |
4.796 |
0.000 |
NA |
|
|
TOTAL IMPORT
VALUE |
38.012 |
23.857 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
3185.50 |
2064.36 |
1883.54 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.38 |
4.52 |
4.71 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.02 |
9.72 |
10.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.56 |
11.28 |
14.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.23 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.26 |
0.50 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.29 |
1.80 |
2.36 |
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 |
5.904 |
5.904 |
5.904 |
|
Reserves & Surplus |
750.435 |
873.077 |
1061.196 |
|
Net worth |
756.339 |
878.981 |
1067.100 |
|
|
|
|
|
|
long-term borrowings |
2.500 |
0.000 |
0.000 |
|
Short term borrowings |
177.866 |
435.837 |
277.771 |
|
Total borrowings |
180.366 |
435.837 |
277.771 |
|
Debt/Equity ratio |
0.238 |
0.496 |
0.260 |
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 |
2362.291 |
2697.411 |
2946.477 |
|
|
|
14.186 |
9.234 |
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 |
2362.291 |
2697.411 |
2946.477 |
|
Profit |
111.204 |
121.887 |
188.073 |
|
|
4.71% |
4.52% |
6.38% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
No |
|
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 |
OPERATIONS:
The Company‘s performance was satisfactory during the year under consideration. Total sales for the year was of Rs. 2946.500 Million (Export Rs. 2345.900 Million) as against Rs.2697.400 Million (Export Rs. 2128.200 Million) in the previous year. The net profit after tax is Rs. 188.100 Million as compared to previous year’s figure of Rs. 121.900 Million. The result of this year was good compared to previous year.
FINANCE
The company has not
obtained any term loan for its expansion /backward integration but carried out
the same with internal Generation.
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans taken for fixed assets |
3.042 |
0.000 |
|
|
|
|
|
Total |
3.042 |
0.000 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90242494 |
27/02/2004 |
656,000.00 |
CENTURIAN BANK LIMITED |
322; SWASTIK CHAMBER, TROMBAY ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
2 |
80008538 |
29/03/2007 * |
529,750,000.00 |
DENA BANK |
INDUSTRIAL FINANCE
BRANCH, MAKER TOWER 'E', 9TH FLOOR, CUFFE PARADE, MUMBAI - 400005,
MAHARASHTRA, |
- |
|
3 |
90242449 |
29/03/2007 * |
529,750,000.00 |
DENA BANK |
INDUSTRIAL FINANCE
BRANCH, MAKER TOWER 'E', 9TH FLOOR, CUFFE PARADE, MUMBAI - 400005,
MAHARASHTRA, |
- |
|
4 |
90242329 |
23/09/2004 * |
245,000,000.00 |
DENA BANK |
INDUSTRIAL FINANCE BRNCH, MAKER TOWER ;CUFFE PARADE, MUMBAI, MAHARASHTRA, INDIA |
- |
|
5 |
90242298 |
17/10/2000 |
30,000,000.00 |
SICOM LIMITED |
NIRMAL IST FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
6 |
90242259 |
04/12/2003 * |
154,875,000.00 |
CENTURIAN BANK LIMITED |
322; SWASTIK CHAMBER, TROMBAY ROAD, MUMBAI, MAHARASHTRA, INDIA |
- |
|
7 |
90242190 |
10/06/1998 |
154,875,000.00 |
DENA BANK |
INDUSTRIAL FINANCE BRNCH, MAKER TOWER ;CUFFE PARADE, MUMBAI, MAHARASHTRA, INDIA |
- |
|
8 |
90242079 |
15/04/1996 |
20,000,000.00 |
DENA BANK |
INDUSTRIAL FINANCE BRNCH, MAKER TOWER ;CUFFE PARADE, MUMBAI, MAHARASHTRA, INDIA |
- |
|
9 |
90242017 |
10/06/1998 * |
44,300,000.00 |
DENA BANK |
INDUSTRIAL FINANCE BRNCH, MAKER TOWER ;CUFFE PARADE, MUMBAI, MAHARASHTRA, INDIA |
- |
|
10 |
90242016 |
18/05/1994 |
8,000,000.00 |
DENA BANK |
INDUSTRIAL FINANCE BRNCH, MAKER TOWER ;CUFFE PARADE, MUMBAI, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Machinery
·
Electrical Installations
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Computers
Intangible Assets
- 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.63.88 |
|
|
1 |
Rs.97.21 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
65 |
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.