MIRA
INFORM REPORT
|
Report No. : |
346066 |
|
Report Date : |
21.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL TRADEX LIMITED (w.e.f.24.02.2015) |
|
|
|
|
Formerly Known
As : |
NAMCO CORP LIMITED (w.e.f.22.07.2009) NAMCO CORP PRIVATE LIMITED (w.e.f.30.03.2009) NAMCO STEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Nav Vyapar Bhavan, 49, P.D. Mello Road, Carnac Bunder, 5th
Floor, Office No.525, 526, 527, Mumbai – 400009, Maharashtra |
|
Tel. No.: |
91-731-4063333 Reception |
|
|
|
|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-173515 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.160.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27320MH2007PLC173515 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN5795L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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|
Line of Business
: |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject as incorporated in the year 2007 and it is having a moderate
track record. As management has failed to file its financials record with government
department for the years ended 2014 and 2013, and same has not been made
available from any other source. As per available financials its previous year i.e.2011 along with
sound profit. The rating is constrained on company’s high leverage and weak debt protection
indicators. The ratings further continue to be constrained by the working
capital intensive operations, foreign exchange fluctuation risk, inherent
cyclicality in the steel industry and unavailability of latest year
financials to evaluate the risk associate the risk associate with the
company. As per registrar in the status company is active. Payments are
unknown. In view of unavailability of financials details, the company can be considered
for business dealing with safe and secure trade terms and conditions. Note: As per our research and investigation we found that company has defaulted hefty amount with State Bank of Hyderabad and Union Bank of India. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
Suit-filed accounts of Rs.10.000 Million and above
|
Bank |
Branch |
Quarter |
Borrower Name |
Directors Name |
Outstanding Amount (Rs. In Million) |
|
STATE BANK
OF HYDERABAD |
RNT MARG
INDORE |
30-06-14 |
UJWAL SONI,
LALLA RAM VISHWA KARMA, GYAN SWAROOP AHUJA, NAMIT SONI |
22.000 |
|
|
STATE BANK
OF HYDERABAD |
RNT MARG
INDORE |
30-09-14 |
UJWAL SONI,
LALLA RAM VISHWA KARMA, GYAN SWAROOP AHUJA, NAMIT SONI |
22.000 |
|
|
STATE BANK
OF HYDERABAD |
RNT MARG
INDORE |
31-12-14 |
UJWAL SONI,
LALLA RAM VISHWA KARMA, GYAN SWAROOP AHUJA, NAMIT SONI |
22.000 |
|
|
STATE BANK
OF HYDERABAD |
RNT
MARG,INDORE |
31-03-14 |
NAMIT SONI,
LALLA RAM VISWA KARMA, GYAN SWAROOP AHUJA, UJWAL SONI |
22.000 |
|
|
STATE BANK
OF HYDERABAD |
RNT
MARG,INDORE |
30-06-14 |
UJWAL SONI,
LALLA RAM VISWA KARMA, GYAN SWAROOP AHUJA, NAMIT SONI |
22.000 |
|
|
STATE BANK
OF HYDERABAD |
RNT
MARG,INDORE |
30-09-14 |
UJWAL SONI,
LALLA RAM VISWA KARMA, GYAN SWAROOP AHUJA, NAMIT SONI |
22.000 |
|
|
STATE BANK
OF HYDERABAD |
RNT
MARG,INDORE |
31-12-14 |
UJWAL SONI,
LALLA RAM VISWA KARMA, GYAN SWAROOP AHUJA, NAMIT SONI |
22.000 |
|
|
UNION BANK
OF INDIA |
SSI INDORE |
31-03-14 |
UJJAWAL
SONI, NAMIT SONI, GYAN SWAROOP AHUJA |
327.400 |
|
|
UNION BANK
OF INDIA |
SSI INDORE |
30-06-14 |
GYAN SWAROOP
AHUJA, NAMIT SONI, UJJAWAL SONI |
327.400 |
|
|
UNION BANK
OF INDIA |
SSI INDORE |
30-09-14 |
GYAN SWAROOP
AHUJA, NAMIT SONI, UJJAWAL SONI |
327.400 |
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 DENIED
Management Non-Cooperative (Reception Tel: 91-731-4063333)
LOCATIONS
|
Registered Office : |
Nav Vyapar Bhavan, 49, P.D. Mello Road, Carnac Bunder, 5th
Floor, Office No.525, 526, 527, Mumbai – 400009, Maharashtra |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Lalla Ram Vishwakarma |
|
Designation : |
Director |
|
Address : |
246/1, Shukla Nagar, Gullowa Chouk Garha, Veer Sawarkar Ward, Jabalpur, Jabalpur, 482001, Madhya Pradesh, India |
|
Date of Appointment : |
12.03.2013 |
|
DIN No.: |
06525225 |
|
|
|
|
Name : |
Namit Soni |
|
Designation : |
Managing Director |
|
Address : |
19/2, Manoramaganj, Indore, 452001, Madhya Pradesh, India |
|
Date of Appointment : |
27.08.2007 |
|
DIN No.: |
01411732 |
|
|
|
|
Name : |
Ujwal Soni |
|
Designation : |
Director |
|
Address : |
19/2, Manorama Ganj, Indore, 452001, Madhya Pradesh, India |
|
Date of Appointment : |
15.12.2010 |
|
DIN No.: |
02585537 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Soni |
|
2507325 |
|
Namit Soni |
|
2497525 |
|
Anuradha Soni |
|
2497425 |
|
Ujjwal Soni |
|
2497425 |
|
Sahiba Soni |
|
100 |
|
Gyanswaroop Ahuja |
|
100 |
|
Ashish Ahuja |
|
100 |
|
Total |
|
10000000 |
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
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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 |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Financial
Institution: |
Edelweiss Asset Reconstruction Company Limited, Edelweiss House, Off.
C.S.T Road,, Kalina,, Mumbai - 400098, Maharashtra, India |
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|
Auditors : |
|
|
Name : |
Dafria and Company Chartered Accountants |
|
Address : |
A- 1 Megh, Building13/2 M G Road, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFD3075M |
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Memberships : |
-- |
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|
Collaborators : |
-- |
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|
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|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital : Rs.175.000 Million
Issued, Subscribed & Paid-up Capital : Rs.160.000
Million
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
160.000 |
100.000 |
|
(b) Reserves & Surplus |
|
237.170 |
258.222 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
397.170 |
358.222 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
587.087 |
603.290 |
|
(b) Deferred tax liabilities
(Net) |
|
12.509 |
7.446 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
599.596 |
610.736 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
894.364 |
715.428 |
|
(b) Trade payables |
|
2029.314 |
1455.276 |
|
(c) Other current liabilities |
|
406.383 |
248.922 |
|
(d) Short-term provisions |
|
11.120 |
10.552 |
|
Total
Current Liabilities (4) |
|
3341.181 |
2430.178 |
|
|
|
|
|
|
TOTAL |
|
4337.947 |
3399.136 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
226.499 |
224.521 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.829 |
3.339 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
230.328 |
227.860 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1807.676 |
864.636 |
|
(c) Trade receivables |
|
974.206 |
923.475 |
|
(d) Cash and cash equivalents |
|
1075.005 |
1024.858 |
|
(e) Short-term loans and
advances |
|
250.728 |
358.300 |
|
(f) Other current assets |
|
0.004 |
0.007 |
|
Total
Current Assets |
|
4107.619 |
3171.276 |
|
|
|
|
|
|
TOTAL |
|
4337.947 |
3399.136 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
100.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
222.870 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
322.870 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
452.195 |
|
|
2] Unsecured Loans |
|
|
555.736 |
|
|
TOTAL BORROWING |
|
|
1007.931 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.998 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1332.799 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
89.173 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
10.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
656.701
|
|
|
Sundry Debtors |
|
|
545.993
|
|
|
Cash & Bank Balances |
|
|
947.863
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
264.608
|
|
Total
Current Assets |
|
|
2415.165
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000
|
|
|
Other Current Liabilities |
|
|
1169.285
|
|
|
Provisions |
|
|
12.264
|
|
Total
Current Liabilities |
|
|
1181.549
|
|
|
Net Current Assets |
|
|
1233.616
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.010 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1332.799 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
6812.729 |
5807.160 |
5013.618 |
|
|
Other Income |
0.271 |
1.228 |
29.473 |
|
|
TOTAL
(A) |
6813.000 |
5808.388 |
5043.091 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
7311.977 |
5647.197 |
4949.266 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(943.040) |
(207.935) |
(188.886) |
|
|
Employees benefits expense |
7.115 |
4.759 |
0.000 |
|
|
Other expenses |
366.020 |
301.558 |
0.000 |
|
|
Exceptional Items |
0.003 |
0.003 |
0.003 |
|
|
Operating Expenses |
0.000 |
0.000 |
167.584 |
|
|
Selling and Distribution |
0.000 |
0.000 |
22.356 |
|
|
Administrative Expenses |
0.000 |
0.000 |
19.975 |
|
|
TOTAL
(B) |
6742.075 |
5745.582 |
4970.298 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
70.925 |
62.806 |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.298 |
6.097 |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
63.627 |
56.709 |
72.793 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
8.609 |
5.395 |
1.116 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
55.018 |
51.314 |
71.677 |
|
|
|
|
|
|
|
Less |
TAX (H) |
16.070 |
15.960 |
13.986 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
38.948 |
35.354 |
57.691 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
118.622 |
83.268 |
25.577 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
157.570 |
118.622 |
83.268 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Foreign Exchange Earning |
9.145 |
47.260 |
0.000 |
|
|
TOTAL
EARNINGS |
9.145 |
47.260 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
3249.891 |
1104.463 |
0.000 |
|
|
TOTAL
IMPORTS |
3249.891 |
1104.463 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.00 |
3.54 |
11.54 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.57 |
0.61 |
1.15 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.04 |
1.08 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.27 |
1.51 |
2.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.14 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.73 |
3.68 |
3.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.30 |
1.39 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
100.000 |
100.000 |
160.000 |
|
Reserves & Surplus |
222.870 |
258.222 |
237.170 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
322.870 |
358.222 |
397.170 |
|
long-term borrowings |
452.195 |
603.290 |
587.087 |
|
Short term borrowings |
555.736 |
715.428 |
894.364 |
|
Total
borrowings |
1007.931 |
1318.718 |
1481.451 |
|
Debt/Equity
ratio |
3.122 |
3.681 |
3.730 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5013.618 |
5807.160 |
6812.729 |
|
|
|
15.828 |
17.316 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
5013.618 |
5807.160 |
6812.729 |
|
Profit |
57.691 |
35.354 |
38.948 |
|
|
1.15% |
0.61% |
0.57% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
No |
|
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
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
Borrowings |
|
|
|
Intercorporate |
554.430 |
555.129 |
|
|
|
|
|
Total |
554.430 |
555.129 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10448681 |
09/09/2013 |
47,400,000.00 |
UCO Bank |
NEW PALASIA
BRANCH, 2/5, 3/5, GIRNAR TOWER, INDORE, Madhya Pradesh - 452003, INDIA |
B84837822 |
|
2 |
10433730 |
29/04/2013 |
2,534,800,000.00 |
UCO Bank |
NEW PALASIA
BRANCH, 2/5, 3/5, GIRNAR TOWER, INDORE, Madhya Pradesh - 452003, INDIA |
B78251949 |
|
3 |
10330275 |
25/08/2011 |
4,400,000,000.00 |
State Bank of
India |
5, Y N ROAD,
BRANCH, INDORE, INDORE, Madhya Pradesh - 452001, INDIA |
B26119008 |
|
4 |
10252009 |
06/10/2010 |
1,050,000,000.00 |
UCO BANK |
NEW PALASIA
BRANCH, 2/5,3/5 ,Girnar Tower, INDORE, Madhya Pradesh - 452003, INDIA |
A98614290 |
|
5 |
10217348 |
29/03/2010 |
1,500,000,000.00 |
UCO BANK |
2/5, 3/5, GIRNAR
TOWERS, NEW PALASIA, INDORE, Madhya Pradesh - 452001, INDIA |
A84582634 |
|
6 |
10210863 |
19/08/2014 * |
75,000,000.00 |
Edelweiss Asset
Reconstruction Company Limited |
Edelweiss House,
Off. C.S.T Road,, Kalina,, Mumbai, Maharashtra - 400098, INDIA |
C53293452 |
FIXED ASSETS
· Land
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
·
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.64.89 |
|
|
1 |
Rs.100.39 |
|
Euro |
1 |
Rs.73.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
-- |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
11 |
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.