MIRA INFORM REPORT
|
Report No. : |
347015 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
AERO THERM SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No 1517, Phase III, G I D C Estate, Vatva, Ahmedabad –
382445, Gujarat |
|
Tel. No.: |
91-79-22910772 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.12.1989 |
|
|
|
|
Com. Reg. No.: |
04-013103 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.806 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29119GJ1989PTC013103 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Steam Boiler, Blower and Oven. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a small company established in the year 1986, having moderate track. As per registrar of companies the date of balance sheet (i.e. financial field) is shown as 31.03.2015 but documents related to financial for the year ending 2015 is not available from any source. As per the available financials of the year 2014, the company has reported decrease in its sales turnover and net profit from its modest scale of operations, however has maintained fair profit margin. Further the company has reported small networth base and increasing debt level. However, trade relations are fair. Business is active. Payment terms are reported to be slow but correct. In view of modest scale of operations, 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DECLINED BY
|
Name : |
Mr. Chetan |
|
Designation : |
Accountant |
|
Contact No.: |
91-79-22910772 |
|
Date : |
26.10.2015 |
LOCATIONS
|
Registered Office : |
Plot No 1517, Phase III, G I D C Estate, Vatva, Ahmedabad
– 382445, Gujarat, India |
|
Tel. No.: |
91-79-22910772 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 02.09.2014
|
Name : |
Mr. Pradip Vrajlal Vadher |
|
Designation : |
Managing director |
|
Address : |
Vrajnandan, 6/A, Dhanlaxmi Society, Maninagar, Ahmedabad -
380008, Gujarat, India |
|
Date of Birth/Age : |
14.09.1958 |
|
Date of Appointment : |
22.03.1990 |
|
DIN No.: |
00118423 |
|
|
|
|
Name : |
Mr. Hitesh Narendra Vadher |
|
Designation : |
Director |
|
Address : |
Vrajnandan, 6/A, Dhanlaxmi Society, Maninagar, Ahmedabad -
380008, Gujarat, India |
|
Date of Appointment : |
24.03.2015 |
|
DIN No.: |
00486441 |
|
|
|
|
Name : |
Mr. Vijay Vrajlal Vadher |
|
Designation : |
Director |
|
Address : |
Vrajnandan, 6/A, Dhanlaxmi Society, Maninagar, Ahmedabad -
380008, Gujarat, India |
|
Date of Birth/Age : |
27.01.1961 |
|
Date of Appointment : |
13.03.2008 |
|
DIN No.: |
00509920 |
|
|
|
|
Name : |
Mr. Upendra Vrajlal Vadher |
|
Designation : |
Director |
|
Address : |
Vrajnandan, 6/A, Dhanlaxmi Society, Maninagar, Ahmedabad -
380008, Gujarat, India |
|
Date of Birth/Age : |
27.01.1961 |
|
Date of Appointment : |
22.03.1990 |
|
DIN No.: |
00509987 |
|
|
|
|
Name : |
Mr. Narendra Vrajlal Vadher |
|
Designation : |
Director |
|
Address : |
Vrajnandan, 6/A, Dhanlaxmi Society, Maninagar, Ahmedabad -
380008, Gujarat, India |
|
Date of Birth/Age : |
30.05.1949 |
|
Date of Appointment : |
22.03.1990 |
|
DIN No.: |
00510060 |
|
|
|
|
Name : |
Mr. Nirav Pradipbhai Vadher |
|
Designation : |
Director |
|
Address : |
Vrajnandan, 6/A, Dhanlaxmi Society, Maninagar, Ahmedabad -
380008, Gujarat, India |
|
Date of Birth/Age : |
23.06.1983 |
|
Date of Appointment : |
16.10.2008 |
|
DIN No.: |
02352155 |
|
|
|
|
Name : |
Mr. Manan Vijaybhai Vadher |
|
Designation : |
Director |
|
Address : |
20, Charotar Patel Society, Opposite Swaminarayan Mandir,
Maninagar, Ahmedabad - 380008, Gujarat, India |
|
Date of Appointment : |
24.03.2015 |
|
DIN No.: |
02716628 |
|
|
|
|
Name : |
Mr. Anuj Upendrabhai Vadher |
|
Designation : |
Director |
|
Address : |
Vrajnandan, 6/A, Dhanlaxmi Society, Maninagar, Ahmedabad -
380008, Gujarat, India |
|
Date of Appointment : |
24.03.2015 |
|
DIN No.: |
07133418 |
KEY EXECUTIVES
|
Name : |
Mr. Chetan |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 02.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Narendra Vrajlal Vadher |
|
702 |
|
Pradip Vrajlal Vadher |
|
602 |
|
Upendra Vrajlal Vadher |
|
904 |
|
Pradip Vrajlal Vadher (Karla of Pradip Vrajlal Vadher HUF) |
|
798 |
|
Hitesh Narendrabhai Vadher |
|
210 |
|
Nirav Pradipbhai Vadher |
|
610 |
|
Manan Vijaybhai Vadher |
|
610 |
|
Leena Pradipbhai Vadher |
|
800 |
|
Vijay Vrajlal Vadher |
|
800 |
|
Priyamvada Navinbhai Vadher |
|
1000 |
|
Heena Vijaybhai Vadher |
|
800 |
|
Beena Upendrabhai Vadher |
|
800 |
|
Narendra Vrajlal Vadher (Karla of Narendra Vrajlal Vadher HUF) |
|
498 |
|
Pradip Vrajlal Vadher (Trustee of Neeta Narendrabhai Vadher Family Trust) |
|
600 |
|
Usha Narendrabhai Vadher |
|
600 |
|
Aarli Hiteshbhai Vadher |
|
200 |
|
Pradip Vrajlal Vadher (Karla of Vrajlal Chhaganlal Vadher HUF) |
|
1030 |
|
Pradip Vrajlal Vadher (Trustee of Vrajlal Chhaganlal Vadher Family Trust) |
|
1000 |
|
Upendra Vrajlal Vadher (Karla of Upendra Vrajlal Vadher HUF) |
|
696 |
|
Upendra Vrajlal Vadher (Father and Guardian of Anuj Upendrabhai Vadher) |
|
600 |
|
Priyamvada Navinbhai Vadher (Karla of Navin Vrajlal Vadher HUF) |
|
1000 |
|
Pradip Vrajlal Vadher (Trustee of Navin Vrajlal Vadher Family Trust) |
|
1000 |
|
Vijay Vrajlal Vadher (Karla of Vijay Vrajlal Vadher HUF) |
|
800 |
|
Hitesh Narendrabhai Vadher (Karla of Hitesh Narendrabhai Vadher HUF) |
|
200 |
|
Pradip Vrajlal Vadher (Trustee of Prankuvar Vrajlal Vadher Family Trust) |
|
1000 |
|
Dhwani Niravbhai Vadher |
|
200 |
|
Total |
|
18060 |
Equity Share Break up (Percentage of Total Equity)
AS ON 02.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Steam Boiler, Blower and Oven. |
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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
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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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||||||||||||||||||||||
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||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
J. A. Bhatt and Company Chartered Accountants |
|
Address : |
S/6, Silver Lake, Jagabhai Park, Maninagar, Ahmedabad – 380008,
Gujarat, India |
|
Tel. No.: |
91-79-65439282 |
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Mobile No.: |
91-9374643555 |
|
E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAXPB0074A |
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18060 |
Equity Shares |
Rs.100/- each |
Rs. 1.806
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 |
1.806 |
1.806 |
1.806 |
|
(b) Reserves & Surplus |
19.379 |
18.534 |
17.075 |
|
(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) |
21.185 |
20.340 |
18.881 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
25.096 |
8.338 |
16.897 |
|
(b) Deferred tax liabilities
(Net) |
0.099 |
0.052 |
0.073 |
|
(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) |
25.195 |
8.390 |
16.970 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
20.888 |
19.867 |
20.749 |
|
(b) Trade payables |
2.237 |
1.490 |
2.570 |
|
(c) Other current liabilities |
0.540 |
0.637 |
0.542 |
|
(d) Short-term provisions |
2.640 |
3.145 |
2.837 |
|
Total
Current Liabilities (4) |
26.305 |
25.139 |
26.698 |
|
|
|
|
|
|
TOTAL |
72.685 |
53.869 |
62.549 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.855 |
4.659 |
3.296 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.043 |
0.043 |
0.043 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
3.898 |
4.702 |
3.339 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
21.619 |
12.195 |
15.106 |
|
(c) Trade receivables |
2.473 |
4.520 |
3.798 |
|
(d) Cash and cash equivalents |
36.683 |
27.695 |
36.311 |
|
(e) Short-term loans and
advances |
1.174 |
0.643 |
1.405 |
|
(f) Other current assets |
6.838 |
4.114 |
2.590 |
|
Total
Current Assets |
68.787 |
49.167 |
59.210 |
|
|
|
|
|
|
TOTAL |
72.685 |
53.869 |
62.549 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
53.172 |
48.478 |
|
|
Other Income |
|
3.074 |
3.196 |
|
|
TOTAL
(A) |
46.824 |
56.246 |
51.674 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
26.042 |
28.633 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
1.459 |
-3.735 |
|
|
Employees benefits expense |
|
13.195 |
11.316 |
|
|
Manufacturing and Other
Expenses |
|
3.207 |
1.743 |
|
|
Other expenses |
|
5.063 |
4.442 |
|
|
TOTAL
(B) |
43.926 (including
financial expenses) |
48.966 |
42.399 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
7.280 |
9.275 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
2.897 |
3.581 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.898 |
4.383 |
5.694 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.925 |
0.799 |
0.656 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1.973 |
3.584 |
5.038 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.705 |
1.069 |
1.690 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1.268 |
2.515 |
3.348 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend |
NA |
0.903 |
0.903 |
|
|
Proposed Tax on Distributed
profits |
NA |
0.153 |
0.146 |
|
|
Balance
Carried to the B/S |
NA |
1.459 |
2.299 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1.748 |
5.684 |
1.239 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
70.21 |
139.28 |
185.42 |
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 |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
4.73 |
6.91 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
13.69 |
19.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.71 |
6.65 |
8.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.18 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.17 |
1.39 |
1.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.61 |
1.96 |
2.22 |
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 |
1.806 |
1.806 |
1.806 |
|
Reserves & Surplus |
17.075 |
18.534 |
19.379 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
18.881 |
20.340 |
21.185 |
|
|
|
|
|
|
long-term borrowings |
16.897 |
8.338 |
25.096 |
|
Short term borrowings |
20.749 |
19.867 |
20.888 |
|
Total
borrowings |
37.646 |
28.205 |
45.984 |
|
Debt/Equity
ratio |
1.994 |
1.387 |
2.171 |
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) |
|
Total Income |
51.674 |
56.246 |
46.824 |
|
|
|
8.848 |
(16.751) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
51.674 |
56.246 |
46.824 |
|
Profit |
3.348 |
2.515 |
1.268 |
|
|
6.48% |
4.47% |
2.71% |
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) |
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 |
Yes |
|
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 |
INDEX
OF CHARGES: NO CHARGES EXIST FOR COMPANY
OPERATIONS:
The turnover and other receipts of the Company for the year has resulted to Rs. 46.824 Million as compared to Rs. 56.246 Million for the previous year. The Profit before Depreciation and Taxation has been Rs. 2.898 Million as compared to Rs. 4.383 Million during the previous year Profit after Depreciation and Taxation was Rs. 1.268 Million as compared to Rs.2.515 Million during the previous year. In view of the above working of the company, it may be considered as satisfactory.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans from related parties |
25.096 |
8.338 |
|
Total |
25.096 |
8.338 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
Bank Gaurantee |
5.104 |
4.362 |
|
Accumulated Gratuity Payable |
10.496 |
9.494 |
FIXED ASSETS
- Land
- Factory Building
- Plant and Machinery
- Electric Installation
- Air Conditioner Machine
- Air Cooler
- Electric Fan
- Furniture and Fixtures
- Cycle
- Computer
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.64.88 |
|
UK Pound |
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.