MIRA INFORM REPORT

 

 

Report No. :

343238

Report Date :

06.10.2015

 

 IDENTIFICATION DETAILS

 

Name :

MEWAR HI-TECH ENGINEERING LIMITED (w.e.f.26.03.2009)

 

 

Formerly Known As :

MEWAR HI-TECH ENGINEERING PRIVATE LIMITED

 

 

Registered Office :

1, Hawa Magri, Industrial Area Sukher, Udaipur – 313001, Rajasthan

Tel. No.:

91-294-2440234/35

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

08.06.2006

 

 

Com. Reg. No.:

17-022625

 

 

Capital Investment / Paid-up Capital :

Rs. 6.284 Million

 

 

CIN No.:

[Company Identification No.]

U29299RJ2006PLC022625

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject is engaged in the manufacturing and sale of stone crushers, vibrating screens, hoppers, feeders, conveyor belts and other related equipments.

 

 

No. of Employees :

300 (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

 

Maximum Credit Limit :

USD 179000

 

 

Status :

Moderate

 

 

Payment Behavior :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track.

 

Rating takes into consideration moderate financial risk profile of the company marked by increased debt level in FY15 over previous year along with continuous decreasing profitability level.

 

Trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

In view of deteriorating financial condition, the company can be considered for business dealings 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

Long Term Rating : B

Rating Explanation

Risk prone credit quality and carries very high credit risk.

Date

July, 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 (GENERAL DETAILS)

 

Name :

Mr. Sanjay Goyal

Designation :

Finance Head

Contact No.:

91-9928867474

Date :

01.10.2015

 

 

LOCATIONS

 

Registered Office / Factory  :

1, Hawa Magri, Industrial Area Sukher, Udaipur – 313001, Rajasthan, India

Tel. No.:

91-294-2440234/35

Mobile No.:

91-9928867474 (Mr. Sanjay Goyal)

Fax No.:

91-294-2440234/35

E-Mail :

Sanjaygoyal@rediffmail.com

deepakvijaywargey@yahoo.co.in

ccounts@kingsoncrusher.com

Website :

http://www.mewarhitech.com

Locality :

Industrial

 

 

Branch Office :

Located At :

 

  • Guwahati, Assam
  • Jhansi, Uttar Pradesh
  • Belgaum, Karnataka

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mrs. Reena Rathore

Designation :

Director

Address :

419, Teachers Colony, Amba Mata Scheme, Udaipur - 313001, Rajasthan, India

Date of Birth/Age :

19.04.1969

Date of Appointment :

08.06.2006

DIN No.:

01748907

Other Directorship:

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U27107RJ2006PTC022147

MEWAR TECHNOCAST PRIVATE LIMITED

Managing director

01/01/2009

24/02/2006

-

Active

NO

2

U29299RJ2006PLC022625

MEWAR HI-TECH ENGINEERING LIMITED

Director

08/06/2006

08/06/2006

-

Active

NO

 

 

Name :

Mr. Chatrsingh Harisingh Rathore

Designation :

Managing Director

Address :

419, Teachers Colony, Amba Mata Scheme, Udaipur - 313001, Rajasthan, India

Date of Birth/Age :

20.08.1959

Date of Appointment :

01.01.2009

DIN No.:

01748904

Other Directorship:

 

.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U27107RJ2006PTC022147

MEWAR TECHNOCAST PRIVATE LIMITED

Director

24/02/2006

24/02/2006

-

Active

NO

2

U29299RJ2006PLC022625

MEWAR HI-TECH ENGINEERING LIMITED

Managing director

01/01/2009

08/06/2006

-

Active

NO

3

U14101RJ2012PTC040072

MEWAR MARMO ENGINEERING PRIVATE LIMITED

Director

11/09/2012

11/09/2012

-

Active

NO

 

 

Name :

Mr. Vaibhav Singh Rathore

Designation :

Director

Address :

419, Teachers Colony, Amba Mata Scheme, Udaipur - 313001, Rajasthan, India

Date of Birth/Age :

03.04.1990

Date of Appointment :

30.08.2012

DIN No.:

03438743

Other Directorship:

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U29299RJ2006PLC022625

MEWAR HI-TECH ENGINEERING LIMITED

Director

30/08/2012

17/02/2011

-

Active

NO

2

U14101RJ2012PTC040072

MEWAR MARMO ENGINEERING PRIVATE LIMITED

Director

11/09/2012

11/09/2012

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Sanjay Goyal

Designation :

Finance Head

 

 

MAJOR SHAREHOLDERS

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

Chatrsingh Harisingh Rathore

119000

Reena Rathore

64100

Vaibhav Singh Rathore

11000

Shanti Lal Jain

24500

Dinesh Jain

100

Mewar Technocast Private Limited, India

29000

Abdul Hafiz

20000

Rollcast India

30000

Shiv Singh Rathore

6000

Shakti Singh

1600

Vaishali Kunwar Rathore

1000

Satish Kumar Pandey

1000

Vinod Sharma

700

Sanjay Goyal

8000

Suresh Bansiwal

9000

Praven Suthar

1600

Shaitan Singh Dewra

5600

Indra Kumar Suthar

1600

Patech Singh Rathore

6000

Tej Singh Rathore

2000

Hari Singh Rathore

2000

Kingson Hi-Tech Industries , India

120500

Rajendra Singh Panwar

11000

Kalpana Sharma

5100

Rajshree Ranawat

54000

Rathore Infra

90000

Mohan Singh Chundawat

4000

Total

628400

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 30.09.2014

 

Name of Shareholders

No. of Shares

%age holding

Bodies corporatehttp://www.bseindia.com/include/images/clear.gif

4.61

4.61

Directors or relatives of Directorshttp://www.bseindia.com/include/images/clear.gif

95.39

95.39

Total

100

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in the manufacturing and sale of stone crushers, vibrating screens, hoppers, feeders, conveyor belts and other related equipments.

 

 

Products :

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Finished Goods

Countries :
  • Nepal
  • Myanmar
  • South Africa

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash, L/C and Credit

 

 

Purchasing :

Cash, L/C and Credit

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers, Retailers and Manufacturer

Reference :

Aditya Birla

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

  • Shree Cement
  • SAIL
  • Varaha Infra Limited
  • Wolkem India Limited

 

 

No. of Employees :

300 (Approximately)

 

 

Bankers :

Bank Name

State Bank of Bikaner and Jaipur

Branch

S.B.S.C Branch, Shastri Circle, Udaipur - 313001, Rajasthan, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

  • Corporation Bank, Udaipur Branch, 16-18, Nagar Palika Link Road, Town Hall, Udaipur - 313001, Rajasthan, India

 

 

Facilities :

Secured Loan

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)

Long-term Borrowings

 

 

Term loans from banks

 

 

SBBJ Car Loan A/c No. 61171027932

NA

0.000

Less: Current Maturity

NA

0.000

Yes Bank Limited, Auto Loan

NA

1.305

Less: Current Maturity

NA

0.416

HDFC Bank Limited, Auto Loan

NA

1.214

Less: Current Maturity

NA

0.362

SBBJ Car Loan A/c No. 61171034315

NA

0.000

Reliance Capital Limited. C E Loan

NA

0.642

Less: Current Maturity

NA

0.300

Corp Bank T/L Rs. 21.000 Million A/C No. 130005

NA

8.491

Less: Current Maturity

NA

4.200

Corp Bank T/L Rs. 7.981 million a/c no. 130001

NA

5.326

Less: Current Maturity

NA

4.320

HDFC Bank Limited, Auto Loan

NA

1.840

Less: Current Maturity

NA

0.501

HDFC Bank Limited, C E Loan

NA

0.502

Less: Current Maturity

NA

0.305

Kotak Mahindra Prime Limited

NA

0.174

Less: Current Maturity

NA

0.145

Kotak Mahindra Prime Limited

NA

0.235

Less: Current Maturity

NA

0.196

Kotak Mahindra Prime Limited

NA

0.843

Less: Current Maturity

NA

0.702

Reliance Capital Limited. C E Loan

NA

3.107

Less: Current Maturity

NA

0.586

Reliance Capital Limited. C E Loan

NA

0.983

Less: Current Maturity

NA

0.208

Short-term borrowings

 

 

Loans repayable on demand

 

 

From Bank

 

 

Corporation Bank C.C. A/c -1130003 (W.C. loan)

(working capital loan are secured by hypothecation of present and future stock of raw material, finished good, work-in-progress, store spare, book debts etc.)

NA

80.313

Total

NA

93.734

 

Auditors :

 

Name :

Sagar Golchha and Company

Chartered Accountants

Address :

10, Gulab Baag, Main Gate Road, Udaipur – 313001, Rajasthan, India

PAN. No.:

ABLPG5602N

 

 

Memberships :

-----

 

 

Collaborators :

-----

 

 

Associates/Subsidiaries :

Not Available

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015

 

Authorised Capital : Not Available 

 

Issued, Subscribed & Paid-up Capital : Rs. 6.284 Million

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

750000

Equity Shares

Rs.10/- each

Rs. 7.500 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

628400

Equity Shares

Rs.10/- each

Rs. 6.284 Million

 

FINANCIAL DATA

[All figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2015

31.03.2014

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

6.284

6.284

6.284

(b) Reserves & Surplus

56.412

55.598

52.294

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

0.700

12.799

Total Shareholders’ Funds (1) + (2)

62.696

62.582

71.377

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

39.454

42.210

31.279

(b) Deferred tax liabilities (Net)

0.788

0.788

0.788

(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)

40.242

42.998

32.067

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

88.935

80.313

55.715

(b) Trade payables

128.540

103.277

71.800

(c) Other current liabilities

12.391

15.943

11.197

(d) Short-term provisions

11.673

6.311

7.419

Total Current Liabilities (4)

241.539

205.844

146.131

 

 

 

 

TOTAL

344.477

311.424

249.575

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

81.688

72.812

65.506

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1.129

1.129

1.129

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

2.742

1.887

1.215

(e) Other Non-current assets

9.509

10.867

12.227

Total Non-Current Assets

95.068

86.695

80.077

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

184.923

180.912

99.200

(c) Trade receivables

50.118

21.327

48.320

(d) Cash and cash equivalents

1.626

2.005

0.938

(e) Short-term loans and advances

12.742

20.485

21.040

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

249.409

224.729

169.498

 

 

 

 

TOTAL

344.477

311.424

249.575

 

PROFIT & LOSS ACCOUNT

 

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

404.054

236.547

331.898

 

Other Income

4.387

3.042

0.689

 

TOTAL

408.441

239.589

332.587

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Raw Material Consumed

301.103

247.961

266.278

 

Manufacturing and Direct Expense

26.604

21.203

24.471

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

6.048

(94.761)

(20.866)

 

Employees benefits expense

17.047

14.669

18.926

 

Other expenses

23.810

21.830

13.637

 

TOTAL

374.612

210.902

302.446

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

33.829

28.687

30.141

 

 

 

 

 

Less

FINANCIAL EXPENSES

16.965

15.126

12.087

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

16.864

13.561

18.054

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

13.527

8.557

7.489

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

3.337

5.004

10.565

 

 

 

 

 

Less

TAX

2.400

1.700

3.366

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

0.937

3.304

7.199

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

1.49

5.26

11.46

 

Expected Sales (2015-2016): Rs. 500.000 Million

 

The above information has been parted by Mr. Sanjay Goyal (Finance Head).

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

 

 

 

HDFC Bank Limited (Excavator)

NA

0.000

1.701

HDFC Bank Limited (Business Loan)

NA

0.000

0.096

HDFC Bank Limited - Auto Loan

NA

0.000

0.111

HDFC Bank Limited - Auto Loan (loans on Mercedes)

NA

0.501

0.451

HDFC Bank Limited – CE Loans (Rock Breaker)

NA

0.305

0.267

Kotak Mahindra Prime Limited – Loan auto car loan

NA

0.145

0.157

Corporation Bank T/L Rs.1.337 Million A/C No.130004

NA

0.897

0.000

Corporation Bank T/L Rs.21.000 Million A/C No.130005

NA

4.200

0.000

Corporation Bank T/L Rs.7.981 Million A/C No.130001

NA

4.320

0.000

Yes Bank Limited – Auto car loans

NA

0.416

0.000

HDFC Bank Limited - Auto loans (Safari)

NA

0.362

0.000

HDFC Bank Limited - Business Loan

NA

0.458

0.000

Bajaj Finance Limited - Business Loan

NA

1.461

0.000

Kotak Mahindra Prime Limited – loans on beat car

NA

0.196

0.212

Kotak Mahindra Prime Limited - loans on Captiva car

NA

0.702

0.757

Reliance Capital Limited – C E Loan (CNC Machine)

NA

0.586

0.264

Reliance Capital Limited – C E Loan (Hydra)

NA

0.300

0.499

Reliance Capital Limited – C E Loan (Shop Blasting)

NA

0.208

0.177

SBBJ Car Loan A/C No.61171027932

NA

0.000

0.031

SBBJ Car Loan A/C No.61171034315

NA

0.000

0.031

SBBJ Term Loan A/C No.390

NA

0.000

0.900

SBBJ Term Loan A/C No.676

NA

0.000

4.320

Tata Capital Limited – Business Loan

NA

0.887

1.222

Total

NA

15.944

11.196

Cash generated from operations

NA

NA

NA

Net cash flow from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

0.23

1.40

2.17

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

8.37

12.13

9.08

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.97

1.61

4.25

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.05

0.08

0.15

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.05

1.96

1.22

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.03

1.09

1.16

 

 

FINANCIAL ANALYSIS

[All figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

6.284

6.284

6.284

Reserves & Surplus

52.294

55.598

56.412

Share Application money pending allotment

12.799

0.700

0.000

Net worth

71.377

62.582

62.696

 

 

 

 

long-term borrowings

31.279

42.210

39.454

Short term borrowings

55.715

80.313

88.935

Total borrowings

86.994

122.523

128.389

Debt/Equity ratio

1.219

1.958

2.048

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

331.898

236.547

404.054

 

 

(28.729)

70.813

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

331.898

236.547

404.054

Profit

7.199

3.304

0.937

 

2.17%

1.40%

0.23%

 

 

 

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

No

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

No

18

Major suppliers

No

19

Major customers

Yes

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

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

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

31.03.2015

(Rs. in Million)

31.03.2014

(Rs. in Million)

LONG-TERM BORROWING

 

 

Loans and advances from related parties

 

 

C.S. Rathore

NA

6.174

Kingson Hi-Tech Industries

NA

1.371

Reena Rathore

NA

3.190

Rolkast India

NA

1.615

Vaibhav Singh Rathore

NA

1.029

Term loans and Banks

 

 

HDFC Bank Limited (Business Loan)

NA

1.297

Less: Current Maturity

NA

0.458

Bajaj Finance Limited (Business Loan)

NA

1.861

Less: Current Maturity

NA

1.461

Tata Capital Limited (Business Loan)

NA

0.887

Less: Current Maturity

NA

0.887

Loan from Others (Interest Free)

 

 

Hari Singh Ji Rathore

NA

0.270

Nila Sandrock Granite Private Limited - Kerala

NA

12.900

Shiv Stone Crusher –Jhansi (U.P.)

NA

1.000

Total

NA

28.787

 

INDEX OF CHARGES:

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10458387

17/10/2013

50,002,000.00

CORPORATION BANK

16-18, NAGAR PALIKA LINK ROAD, TOWN HALL, UDAIPUR - 313001 
, RAJASTHAN, INDIA

B88833850

2

10458375

17/10/2013

1,400,000.00

CORPORATION BANK

16-18, NAGAR PALIKA LINK ROAD, TOWN HALL, UDAIPUR - 313001 
, RAJASTHAN, INDIA

B88834874

3

10458379

17/10/2013

9,772,000.00

CORPORATION BANK

16-18, NAGAR PALIKA LINK ROAD, TOWN HALL, UDAIPUR - 313001 
, RAJASTHAN, INDIA

B88835061

4

10458382

17/10/2013

21,000,000.00

CORPORATION BANK

16-18, NAGAR PALIKA LINK ROAD, TOWN HALL, UDAIPUR - 313001 
, RAJASTHAN, INDIA

B88835327

5

10458383

17/10/2013

80,000,000.00

CORPORATION BANK

16-18, NAGAR PALIKA LINK ROAD, TOWN HALL, UDAIPUR - 313001 
, RAJASTHAN, INDIA

B88835558

6

10399330

29/11/2012

1,200,000.00

RELIANCE CAPITAL LIMITED

"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI - 4007 
10, MAHARASHTRA, INDIA

B66606179

7

10344317

28/03/2012

4,000,000.00

RELIANCE CAPITAL LIMITED

"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI - 4007 
10, MAHARASHTRA, INDIA

B35832617

 

FIXED ASSETS

 

  • Computer
  • Electrical Installation
  • Factory Building
  • Furniture and Fixture
  • Land at Sukher
  • Office Equipment
  • Pattern
  • Plant and Machinery
  • Road A/c
  • Security System
  • Tools and Equipment
  • Vehicles

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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. 65.29

UK Pound

1

Rs. 99.31

Euro

1

Rs. 73.39

 

 

INFORMATION DETAILS

 

Information Gathered by :

DIP

 

 

Analysis Done by :

KIN

 

 

Report Prepared by :

SANS

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

2

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

4

--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

YES

--AFFILIATION

YES/NO

NO

--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 unfavorable 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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.