MIRA INFORM REPORT
|
Report No. : |
339146 |
|
Report Date : |
01.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHAH BROTHERS ISPAT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5A/5B, Trust House,
Dr. E Broges Road, Opposite Shirodkar High School, Parel (East), Mumbai –
400012, Maharashtra |
|
Tel No.: |
91-22-40555444 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 (Consolidated) |
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|
|
|
Date of
Incorporation : |
04.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-147842 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.350 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101MH2004PTC147842 |
|
|
|
|
IEC No.: |
0388167475 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS45609E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCS2766A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter, Importer and Suppliers of Boiler Quality Steel Plates
and Stroke Coils. |
|
|
|
|
No. of Employees
: |
55 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The company possesses an acceptable financial risk profile marked by
comfortable capital structure along with fair profitability in fY14. Management has witnessed a growth in its revenue base, whereas has reported
a profit during FY14 as against a previous year loss. Trade relations seem to be fair. Business is active. Payment terms are
reported as slow but correct. In view of long standing experience of the promoters, the company can
be considered for business dealings at usual trade terms and conditions. |
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 |
CARE |
|
Rating |
Long term bank facilities: BB+ (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
11.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A4+ (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
11.02.2015 |
Reasons for suspension: Company has not furnished information
to care.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Atmaram Madhe |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-40555444 |
|
Date : |
28.08.2015 |
LOCATIONS
|
Registered Office : |
5A/5B, Trust
House, Dr. E Broges Road, Opposite Shirodkar High School, Parel (East),
Mumbai – 400 012, Maharashtra, India |
|
|
Tel. No.: |
91-22-40555444 |
|
|
Fax No.: |
91-22-23436925 |
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|
E-Mail : |
|
|
|
Website : |
|
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|
Area : |
4000 Sq. Ft. |
|
|
Location : |
Rented |
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|
|
|
|
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Warehouse 1 : |
L-5, Taloja Industrial Area, MIDC, Taluka-Panvel, District – Raigad,
Maharashtra, India |
|
|
Location: |
Owned |
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|
|
|
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Branch Office 1 : |
Shop No.718, Loha Mandi, Ghaziabad – 201 001, Uttar Pradesh, India |
|
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Branch Office 2 : |
E-7, 7th Floor, Vardan Complex, Ahmedabad – 380009,
Gujarat, India |
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Branch Offices :
|
Also located at:
· Bangalore · Bhilai · Chennai · Delhi · Hyderabad · Vadodara |
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajesh Chinubhai Shah |
|
Designation : |
Director |
|
Address : |
31, Anupam, 11, Manav Mandir Road, Malabar Hill, Mumbai – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
10.07.1965 |
|
Date of Appointment : |
04.08.2004 |
|
DIN No.: |
00022645 |
|
|
|
|
Name : |
Mr. Sanjiv Pravin Mehta |
|
Designation : |
Director |
|
Address : |
15, Nirmal
Mahal, Bomanji Petit Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
14.12.1963 |
|
Date of Appointment : |
04.08.2004 |
|
DIN No.: |
00022691 |
|
|
|
|
Name : |
Mr. Chinubhai Himatlal Shah |
|
Designation : |
Director |
|
Address : |
13/3, Anupam,
Manav Mandir Road, Malabar Hill, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1936 |
|
Date of Appointment : |
04.08.2006 |
|
DIN No.: |
00022747 |
|
|
|
|
Name : |
Mr. Pravin Pranlal Mehta |
|
Designation : |
Director |
|
Address : |
15, Nirmal
Mahal, Bomanji Petit Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
31.08.1935 |
|
Date of Appointment : |
04.08.2004 |
|
DIN No.: |
00026803 |
KEY EXECUTIVES
|
Name : |
Mr. Atmaram Madhe |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Chinubhai Himatlal Shah Jointly Manjuben C.
Shah Jointly Dharmesh C. Shah |
|
72000 |
|
Chinubhai Himatlal Shah Jointly Manjuben C.
Shah Jointly Rajesh C. Shah |
|
72000 |
|
Pravin Pranlal Mehta Jointly Ranjanbala
Mehta Jointly Sanjiv Mehta |
|
215250 |
|
Sanjiv Pravin Mehta Jointly Heena Mehta |
|
257000 |
|
Dharmesh Chinubhai Shah Jointly Sangeeta
Shah |
|
243950 |
|
Rajesh Chinubhai Shah Jointly Minal Shah |
|
243950 |
|
Ranjanbala Pravin Mehta Jointly Pravin P.
Mehta Jointly Sanjiv P. Mehta |
|
80000 |
|
Heena Sanjiv Mehta Jointly Sanjiv P. Mehta |
|
143500 |
|
Pravin P. Mehta HUF through its Karta Pravin
P. Mehta |
|
10000 |
|
Ranjanbala P. Mehta Jointly Pravin P. Mehta |
|
19326 |
|
Chinubhai H. Shah Jointly Manjula C. Shah |
|
85600 |
|
Chinubhai Shah HUF |
|
12121 |
|
Sangeeta Shah |
|
5303 |
|
Minal Shah |
|
5303 |
|
Keshavi Mehta |
|
15152 |
|
Total |
|
1480455 |
AS ON 30.09.2014
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 : |
Trader, Exporter, Importer and Suppliers of Boiler Quality Steel
Plates and Stroke Coils. |
|
|
|
|
Products : |
· Ferrous and Non - Ferrous Metal · Boiler Quality Plates · High Tensile Steel Plate · Alloy Steel Plate · Mild Steel Products ·
HR Coils |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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 : |
Finished goods |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
55 (Approximately) |
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Bankers : |
· Central Bank of India and 3 Others, Corporate Finance Branch, 1st Floor, M.M.O Building, M G Road, Fort, Mumbai – 400 023, Maharashtra, India · Bank of Baroda, Cuffe Parade, Mumbai, Maharashtra, India · State Bank of India, Chembur, Mumbai, Maharashtra, India · Union Bank of India, fort, Mumbai, Maharashtra, India |
||||||||||||||||||||
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|
||||||||||||||||||||
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Facilities : |
· Central Bank of India Cash Credit Limit : Rs. 210.000 Million Non Fund Base : Rs. 2500.000 Million · Bank of Baroda Cash Credit Limit : Rs. 50.000 Million Non Fund Base : Rs. 650.000 Million · Union Bank of India Cash Credit Limit : Rs. 77.000 Million Non Fund Base : Rs. 1000.000 Million · State Bank of India Cash Credit Limit : Rs. 50.000 Million Non Fund Base : Rs. 650.000 Million |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H.M. Mody and Company Chartered Accountants |
|
Address : |
12, Indus Court, A Road, Churchgate, Mumbai – 400 020, Maharashtra,
India |
|
Tel. No.: |
91-22-22046924 |
|
Fax No.: |
91-22-22873255 |
|
PAN No.: |
AGBPM4701B |
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates (AS ON
31.03.2013): |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
(CONSOLIDATED)
Authorised Capital : NOT AVAILABLE
Issued, Subscribed & Paid-up Capital : Rs.14.350
Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1480455 |
Equity Shares |
Rs.10/- each |
Rs.14.806
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
CONSOLIDATED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.350 |
14.350 |
14.350 |
|
(b) Reserves & Surplus |
1089.921 |
1009.239 |
1258.412 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
30.000 |
30.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1134.271 |
1053.589 |
1272.762 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
221.275 |
269.140 |
86.251 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.020 |
1.210 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
223.295 |
270.350 |
86.251 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
354.999 |
234.973 |
291.548 |
|
(b) Trade
payables |
3442.003 |
2912.864 |
2892.187 |
|
(c) Other
current liabilities |
18.564 |
56.334 |
33.398 |
|
(d) Short-term
provisions |
1.114 |
0.457 |
0.446 |
|
Total Current
Liabilities (4) |
3816.680 |
3204.628 |
3217.579 |
|
|
|
|
|
|
TOTAL |
5174.246 |
4528.567 |
4576.592 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
511.467 |
526.536 |
475.538 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
51.050 |
|
(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) |
1.987 |
1.987 |
1.986 |
|
(d) Long-term Loan and Advances |
82.284 |
14.333 |
16.944 |
|
(e) Other
Non-current assets |
69.888 |
62.464 |
30.350 |
|
Total Non-Current
Assets |
665.626 |
605.320 |
575.868 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1021.053 |
1663.163 |
1194.413 |
|
(c) Trade
receivables |
2900.900 |
1707.892 |
2078.128 |
|
(d) Cash
and cash equivalents |
354.033 |
294.050 |
465.203 |
|
(e)
Short-term loans and advances |
100.674 |
160.989 |
200.748 |
|
(f) Other
current assets |
131.960 |
97.153 |
62.232 |
|
Total
Current Assets |
4508.620 |
3923.247 |
4000.724 |
|
|
|
|
|
|
TOTAL |
5174.246 |
4528.567 |
4576.592 |
CONSOLIDATED PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6948.663 |
5867.704 |
8524.758 |
|
|
|
Other Income |
195.398 |
129.442 |
128.491 |
|
|
|
TOTAL (A) |
7144.061 |
5997.146 |
8653.249 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
5995.811 |
6114.822 |
7419.766 |
|
|
|
Changes in inventories |
642.111 |
(468.751) |
744.259 |
|
|
|
Employees benefits expense |
22.618 |
19.826 |
53.369 |
|
|
|
Operating and Other expenses |
181.155 |
266.963 |
216.248 |
|
|
|
TOTAL (B) |
6841.695 |
5932.860 |
8433.642 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
302.366 |
64.286 |
219.607 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
258.207 |
290.959 |
191.462 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
44.159 |
(226.673) |
28.145 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.300 |
13.149 |
4.311 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
39.859 |
(239.822) |
23.834 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(54.392) |
2.610 |
(41.312) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
94.251 |
(242.432) |
65.146 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
656.80 |
(1689.40) |
453.90 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
6840.000 (Market
Fluctuation) |
Expected Sales (2015-2016): Rs. 6730.000 Million
The above information has been parted by Mr. Atmaram Madhe (Accounts
Executive).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
(300.630) |
(112.198) |
CONSOLIDATED KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.36 |
(4.13) |
0.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.35 |
1.10 |
2.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.77 |
(5.30) |
0.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
(0.23) |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.51 |
0.48 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.22 |
1.24 |
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 |
14.350 |
14.350 |
14.350 |
|
Reserves & Surplus |
1258.412 |
1009.239 |
1089.921 |
|
Share Application money
pending allotment |
0.000 |
30.000 |
30.000 |
|
Net
worth |
1272.762 |
1053.589 |
1134.271 |
|
|
|
|
|
|
long-term borrowings |
86.251 |
269.140 |
221.275 |
|
Short term borrowings |
291.548 |
234.973 |
354.999 |
|
Total
borrowings |
377.799 |
504.113 |
576.274 |
|
Debt/Equity
ratio |
0.297 |
0.478 |
0.508 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
8524.758 |
5867.704 |
6948.663 |
|
|
|
(31.169) |
18.422 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
8524.758 |
5867.704 |
6948.663 |
|
Profit/ (Loss) |
65.146 |
(242.432) |
94.251 |
|
|
0.76% |
(4.13%) |
1.36% |
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 |
Yes |
|
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% |
Yes |
|
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 |
CHANGE OF ADDRESS
The Registered office of the company has been
shifted 406 Giriraj, S T Road, Mumbai – 400009, Maharashtra, India to the
present address w.e.f. 23.03.2012
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED
|
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10364745 |
18/06/2012 |
226,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BRANCH, 1ST FLOOR, MMO BUILDING |
B43296045 |
|
2 |
10364746 |
18/06/2012 |
120,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BRANCH, 1ST FLOOR, MMO BUILDING |
B43296375 |
|
3 |
10321501 |
24/10/2011 |
700,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL
BRANCH,1548/A, SADASHIV PETH,TILAK ROA |
B27083369 |
|
4 |
10134345 |
24/11/2008 |
300,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BRANCH,, MMO. BUILDING,1ST FLOO |
A53083986 |
|
5 |
10054510 |
18/04/2007 |
150,000,000.00 |
UNION BANK OF INDIA |
VEER NARIMAN ROAD
BRANCH, RAJ MAHAL,, VEER NARIMA |
A16339202 |
|
6 |
10048052 |
20/03/2007 |
500,000,000.00 |
CENTRAL BANK OF INDIA |
CORPORATE FINANCE
BR, CENTRAL BANK BUILDING, FORT, |
A13088869 |
|
7 |
10110101 |
03/11/2006 |
143,000,000.00 |
BANK OF BARODA |
CUFFE PARADE
BRANCH, G. D. SOMANI SCHOOL BUILDING, |
A09042284 |
|
8 |
80007073 |
04/04/2012 * |
5,196,400,000.00 |
CENTRAL BANK OF INDIA & 3 OTHERS |
CORPORATE FINANCE
BRANCH, 1ST FLOOR, MMO BUILDING |
B42068221 |
|
9 |
10008546 |
16/03/2012 * |
5,196,400,000.00 |
CENTRAL BANK OF INDIA & 3 OTHERS |
CORPORATE FINANCE
BRANCH, 1ST FLOOR, MMO BUILDING |
B42069112 |
|
10 |
10006349 |
29/05/2006 |
674,400,000.00 |
UNION BANK OF INDIA LIMITED |
, , MAHARASHTRA, INDIA |
A01341924 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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. 66.26 |
|
|
1 |
Rs. 101.99 |
|
Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.