MIRA INFORM REPORT
|
Report No. : |
350157 |
|
Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME HEATREATERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
R-223, M.I.D.C Complex, Thane-Belapur Road, Rabale, Navi Mumbai - 400701, Maharashtra |
|
Tel. No.: |
91-22-61774700/ 65161701/2/3/ 27692232/ 40135587 |
|
|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.04.1987 |
|
|
|
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Com. Reg. No.: |
11-043205 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1987PTC043205 |
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|
|
|
IEC No.: |
0390008206 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCS8632E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing and processing of wires, bright bars and profiles of
stainless and ball bearing steel. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 1987. The company was initially
engaged in undertaking job work of heat treatment services and later
commenced manufacturing and processing of wires, bright bars and profiles of
stainless and ball bearing steel. For the financial year ended 2014, company has achieved 31.07% growth
in its revenue profile but failed to maintained profit margins and reported
low margins at 0.51% during the year under a review. Rating remain constrained by the highly leveraged capital structure
and weak coverage indicators of the company. The ratings also negatively
factor in the working capital intensive operations of the company and the
susceptibility of its profits to adverse fluctuations in raw material prices
and to the inherent cyclicality of the steel industry. Rating weakness is partially offset by established presence of the
company in the steel processing business supported by vast experience of
promoters in steel industry and healthy growth in the company’s revenues over
the last few years. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of aforesaid, the company can be considered for business
dealing with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
ICRA |
|
Rating |
Fund Based – Term Loan (B+) |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk. |
|
Date |
March 2015 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund Based – Buyer’s Credit (A4) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
March 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. V. S. Kumar |
|
Designation : |
General Manager |
|
Contact No.: |
91-9820621928 |
|
Date : |
17.11.2015 |
LOCATIONS
|
Registered Office / Factory/ Warehouse: |
R-223, M.I.D.C Complex, Thane-Belapur Road, Rabale, Navi Mumbai - 400701, Maharashtra, India |
|
Tel. No.: |
91-22-61774700/ 65161701/2/3/ 27692232/ 40135587 |
|
Mobile No.: |
91-9820621928 (Mr. V.S. Kumar) |
|
Fax No.: |
91-22-27690341/ 27691594/ 55901704 |
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E-Mail : |
|
|
Website : |
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|
Area : |
3743 Sq. Ft. |
|
Location : |
Leased |
|
Locality: |
Industrial |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Sanjay Ratan Chowdhri |
|
Designation : |
Managing Director |
|
Address : |
Bungalow No. 9, Divya Swapna CHS, G.P. Gidwani Road, Chembur Mumbai - 400074, Maharashtra, India |
|
Date of Birth/Age : |
10.03.1964 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
21.04.1987 |
|
DIN No.: |
00095990 |
|
|
|
|
Name : |
Mrs. Lalita Sanjay Chowdhri |
|
Designation : |
Whole-time Director |
|
Address : |
Bungalow No. 9, Divya Swapna CHS, G.P. Gidwani Road, Chembur Mumbai - 400074, Maharashtra, India |
|
Date of Birth/Age : |
10.03.1964 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
21.04.1987 |
|
DIN No.: |
00096419 |
KEY EXECUTIVES
|
Name : |
Mr. V. S. Kumar |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders (Equity Share) |
|
No. of Shares |
|
Rajan Chowdhri |
|
9000 |
|
Sanjay Rajan Chowdhri |
|
108000 |
|
Lalita Sanjay Chowdhri |
|
20000 |
|
Sumitra Sanjay Chowdhri |
|
10000 |
|
Abhivan Sanjay Chowdhri |
|
10000 |
|
Pranav Sanjay Chowdhri |
|
10000 |
|
Sanjay Rajan Chowdhri (HUF) |
|
28000 |
|
Rajan Chowdhri (HUF) |
|
5000 |
|
Total |
|
200000 |
|
Names of Shareholders (Preference Share) |
|
No. of Shares |
|
Lalita Sanjay Chowdhri |
|
15000 |
|
Sanjay Rajan Chowdhri (HUF) |
|
75000 |
|
Rajan Chowdhri (HUF) |
|
10000 |
|
Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and processing of wires, bright bars and profiles of
stainless and ball bearing steel. |
|
|
|
|
Products : |
·
Stainless Steel Wires ·
Ball bearing Steels |
|
|
|
|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
·
Raw Material |
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Countries : |
·
Japan |
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Terms : |
|
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Selling : |
Cash and Credit (30/60/90 Days) |
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Purchasing : |
Cash, L/C and Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Bharat Patil and Associates Chartered Accountants |
|
Address : |
Room No. 80, Diva Gaon, B/H Matoshri Building, Sector - 9, Airoli,
Navi Mumbai-400708, Maharashtra, India |
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Pan: |
ARZPP3232F |
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E-Mail : |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Associates/Subsidiaries : |
·
Economic Forge Private Limited ·
ASC Engineers Private Limited ·
Slim Instant ·
Profile Steel Bars |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Million |
|
100000 |
Preference Shares |
Rs.100/- each |
Rs. 10.000 Million |
|
|
Total |
|
Rs. 30.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Million |
|
100000 |
Preference Shares |
Rs.100/- each |
Rs. 10.000 Million |
|
|
Total |
|
Rs. 30.000
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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
78.568 |
74.644 |
54.890 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.400 |
0.400 |
0.400 |
|
Total
Shareholders’ Funds (1) + (2) |
108.968 |
105.044 |
85.290 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
390.807 |
254.092 |
262.766 |
|
(b) Deferred tax liabilities (Net) |
9.670 |
10.840 |
28.441 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
400.477 |
264.932 |
291.207 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
489.690 |
443.604 |
275.588 |
|
(c) Other
current liabilities |
38.278 |
6.982 |
3.563 |
|
(d) Short-term
provisions |
1.455 |
0.490 |
0.647 |
|
Total Current
Liabilities (4) |
529.423 |
451.076 |
279.798 |
|
|
|
|
|
|
TOTAL |
1038.868 |
821.052 |
656.295 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
87.554 |
94.549 |
103.572 |
|
(ii)
Intangible Assets |
109.701 |
79.567 |
44.407 |
|
(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 |
11.326 |
9.675 |
4.036 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
49.892 |
11.111 |
11.182 |
|
(e) Other
Non-current assets |
16.143 |
16.143 |
24.214 |
|
Total Non-Current
Assets |
274.616 |
211.045 |
187.411 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
376.328 |
311.066 |
254.413 |
|
(c) Trade
receivables |
289.985 |
170.048 |
172.245 |
|
(d) Cash
and cash equivalents |
36.785 |
106.643 |
25.828 |
|
(e)
Short-term loans and advances |
46.819 |
12.206 |
3.851 |
|
(f) Other
current assets |
14.335 |
10.044 |
12.547 |
|
Total
Current Assets |
764.252 |
610.007 |
468.884 |
|
|
|
|
|
|
TOTAL |
1038.868 |
821.052 |
656.295 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Sales |
760.100 |
579.902 |
521.087 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
3.429 |
2.832 |
11.107 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.495) |
(17.031) |
16.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.924 |
19.863 |
(5.116) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
9.430 |
2.705 |
13.873 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
18.295 |
33.416 |
114.801 |
|
|
TOTAL IMPORTS |
18.295 |
33.416 |
114.801 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.62 |
99.31 |
- |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
1000.000 |
|
|
|
|
|
The above information has been parted by Mr. V.S. Kumar (General
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
(145.241) |
NA |
NA |
|
Net Cash flows from operating activities |
(144.746) |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.52 |
3.43 |
(0.98) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.33 |
0.35 |
1.70 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.03 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.59 |
2.42 |
3.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44 |
1.35 |
1.68 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
54.890 |
74.644 |
78.568 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.400 |
0.400 |
0.400 |
|
Net worth |
85.290 |
105.044 |
108.968 |
|
|
|
|
|
|
long-term borrowings |
262.766 |
254.092 |
390.807 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
262.766 |
254.092 |
390.807 |
|
Debt/Equity ratio |
3.081 |
2.419 |
3.586 |
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) |
|
Income from Sales |
521.087 |
579.902 |
760.100 |
|
|
|
11.287 |
31.074 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Income from Sales |
521.087 |
579.902 |
760.100 |
|
Profit/Loss |
(5.116) |
19.863 |
3.924 |
|
|
(0.98%) |
3.43% |
0.52% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
Yes |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long Term
Borrowing |
|
|
|
Loan from relatives |
221.605 |
158.481 |
|
Total |
221.605 |
158.481 |
(Rs. in millions)
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10521060 |
13/05/2015 * |
100,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
C55668552 |
|
2 |
10396615 |
26/02/2014 * |
400,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
C03896636 |
|
3 |
10309497 |
11/08/2011 |
100,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
B22254775 |
|
4 |
10033717 |
08/12/2006 |
35,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
A09421801 |
|
5 |
90151214 |
16/01/2015 * |
525,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
C42977140 |
|
6 |
90150836 |
20/10/2000 |
20,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
- |
|
7 |
90150600 |
20/10/2000 * |
5,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
- |
|
8 |
90150585 |
16/07/1998 |
3,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
- |
|
9 |
90150381 |
11/11/9999 * |
10,000,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
- |
|
10 |
90150379 |
11/11/9999 * |
22,300,000.00 |
BANK OF INDIA |
THANE MAIN BRANCH,SHIVAJI PATH, OPPOSITES M H HIGH SCHOOL, TALAOPALI, THANE-WEST, MUMBAI - 400601, MAHARASHTRA, INDIA |
- |
* Date
of charge modification
FIXED ASSETS:
· Land and Building
· Plant and Machinery
· Furniture and Fixture
· Vehicles
· Computers
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.66.11 |
|
|
1 |
Rs.101.03 |
|
Euro |
1 |
Rs.70.78 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.