MIRA INFORM REPORT
|
Report No. : |
341490 |
|
Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
NHB BALL AND ROLLER LIMITED |
|
|
|
|
Registered
Office : |
103, Crystal Towers, 75, Gandivali Gaodhan Road No.3, Off
Andheri-Kurla Road, Andheri (East), Mumbai – 400 069, Maharashtra |
|
Tel. No.: |
91-22-26836783 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
30.06.2014 |
|
|
|
|
Date of Incorporation
: |
26.10.1994 |
|
|
|
|
Com. Reg. No.: |
11-082390 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.124.075 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29130MH1994PLC082390 |
|
|
|
|
IEC No.: |
0395014867 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN04533E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN1736F |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of precision steel balls made of carbon steel, chrome
steel, stainless steel, brass, aluminium and other materials. |
|
|
|
|
No. of Employees
: |
210 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in 1994 by Mr. M D Mehta and family. It is
engaged in business of manufacturing of precision steel balls made of carbon
steel, chrome steel, stainless steel, brass, aluminium and other materials.
It has satisfactory track record. The company possesses a decent profile marked by decent networth base
along with ample liquidity and profitability. The rating also takes into consideration established market position in
the precision ball industry, supported by its strong relationships with the
leading bearing manufacturers in India. Trade relations are reported to be fair. Business is active. Payment
terms are usually correct. 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 |
CRISIL |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk |
|
Date |
April 17, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
April 17, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Jayesh Bhatt |
|
Designation : |
Commercial Manager |
|
Contact No.: |
91-22-26832498 |
|
Date : |
16.09.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
103, Crystal Towers, 75, Gandivali Gaodhan Road No.3, Off Andheri-Kurla
Road, Andheri (East), Mumbai – 400 069, Maharashtra, India |
|
Tel. No.: |
91-22-26832498/ 26836783/ 26836784 |
|
Fax No.: |
91-22-26831765 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No.68 + 74
and 22 R to 28R, R S No.92 part, R S No.88 Part, and R S No.91 Part, Village
Antalia, Taluka – Gandevi, Bilimora – 396 325, Gujarat, India |
|
Tel. No.: |
91-2634-280004 |
|
Fax No.: |
91-2634-283034 |
|
Area: |
12511 sq. mtrs |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Andhakeshwar
Road, Village Amalsad, Navsari District – 396 310, Gujarat, India |
|
Area: |
10000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Overseas Office
: |
Located at: ·
USA ·
Canada
|
DIRECTORS
As on 16.10.2014
|
Name : |
Mr. Harsukh Mohanlal Mehta |
|
Designation : |
Director |
|
Address : |
24-E, Mehta House, Juhu Road, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
|
Date of Birth/Age : |
04.03.1928 |
|
Qualification : |
D.SC (HON) USA |
|
Date of Appointment : |
11.06.2015 |
|
DIN No.: |
00367642 |
|
PAN No.: |
AAHPM0072B |
|
|
|
|
Name : |
Mr. Bhaskar Mohanlal Mehta |
|
Designation : |
Managing Director |
|
Address : |
Cozy Cottage, Adiyabad Estate, A.B. Nair Road, Juhu, Santacruz (West),
Mumbai – 400 054, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1934 |
|
Qualification : |
D.SC |
|
Date of Appointment : |
11.06.2015 |
|
DIN No.: |
00725253 |
|
PAN No.: |
AAHPM7439C |
|
|
|
|
Name : |
Mrs. Urmila Bhasker Mehta |
|
Designation : |
Director |
|
Address : |
24-E, Mehta House, Juhu Road, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
|
Date of Birth/Age : |
06.12.1941 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
29.11.1996 |
|
DIN No.: |
01825099 |
|
PAN No.: |
AAJPM6701B |
|
|
|
|
Name : |
Mr. Dharmesh Harsukh Mehta |
|
Designation : |
Director |
|
Address : |
24-E, Mehta House, Juhu Road, Santacruz (West), Mumbai – 400 054, Maharashtra,
India |
|
Date of Birth/Age : |
05.06.1966 |
|
Qualification : |
M.B.A. |
|
Date of Appointment : |
29.11.1996 |
|
DIN No.: |
00725189 |
|
PAN No.: |
AABPM6829Q |
|
|
|
|
Name : |
Mr. Ashish Bhaskar Mehta |
|
Designation : |
Director |
|
Address : |
24-E, Mehta House, Juhu Road, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
|
Date of Birth/Age : |
21.11.1969 |
|
Qualification : |
M.B.A. |
|
Date of Appointment : |
29.11.1996 |
|
DIN No.: |
00725023 |
|
PAN No.: |
AAAPM5916H |
|
|
|
|
Name : |
Mr. Kalpesh Bhaskar Mehta |
|
Designation : |
Director |
|
Address : |
Cozy Cottage, Adiyabad Estate, A.B. Nair Road, Juhu, Santacruz (West),
Mumbai – 400 054, Maharashtra, India |
|
Date of Birth/Age : |
21.07.1971 |
|
Qualification : |
M.B.A |
|
Date of Appointment : |
11.06.2015 |
|
DIN No.: |
00725207 |
|
PAN No.: |
AAAPM5917G |
|
|
|
|
Name : |
Mrs. Sulochana Harsukh Mehta |
|
Designation : |
Director |
|
Address : |
24-E, Mehta House, Juhu Road, Santacruz (West), Mumbai - 400054, Maharashtra, India |
|
Date of Appointment : |
29.11.1996 |
|
DIN No.: |
00725128 |
|
|
|
|
Name : |
Mr. Sanjiv Rasiklal Sheth |
|
Designation : |
Director |
|
Address : |
306, Mangal Kunj, Mt. Pleasant Road, Malabar Hill, Mumbai - 400006, Maharashtra, India |
|
Date of Appointment : |
25.03.2015 |
|
DIN No.: |
00034445 |
KEY EXECUTIVES
|
Name : |
Mr. Jayesh Bhatt |
|
Designation : |
Commercial Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.10.2014
|
Names of Shareholders |
|
No. of Shares |
|
Hasmukh Mehta |
|
958613 |
|
H.M. Mehta (HUF) |
|
447971 |
|
Sulochana H. Mehta |
|
531540 |
|
Dharmesh Mehta |
|
2771036 |
|
Sejal Mehta |
|
559475 |
|
Hana Mehta |
|
242566 |
|
Thea Mehta |
|
242566 |
|
Priti Jayant Doshi |
|
225000 |
|
Neeta Gandhi |
|
225000 |
|
Bhaskar Mehta |
|
1155043 |
|
Kalpesh Mehta (HUF) |
|
109135 |
|
Urmila Mehta |
|
644998 |
|
Ashish Mehta |
|
1784136 |
|
Kalpesh Mehta |
|
1784136 |
|
Arusha Tuli |
|
297878 |
|
Monica A. Mehta |
|
78640 |
|
Suchitra K. Mehta |
|
78640 |
|
Ashish Mehta (HUF) |
|
108948 |
|
B.M. Mehta (HUF) |
|
162211 |
|
Total |
|
12407532 |
Equity Share Break up (Percentage of Total Equity)
As on 16.10.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of precision steel balls made of carbon steel, chrome
steel, stainless steel, brass, aluminium and other materials. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Good |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
210 (Approximately |
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Bankers : |
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Facilities : |
|
|
Financial Institutions : |
St Helen's Nominees India Private Limited, Chartered Bank Building,
3-25, M G Road, Fort, Mumbai - 400001,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Kamdar Desai and Patel Chartered Accountants |
|
Address : |
296, Vasaikar
House, Cadell Road, Dadar (West), Mumbai – 400 028, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFK6984H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 16.10.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
13000000 |
Equity Shares |
Rs.10/- each |
Rs.130.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12407532 |
Equity Shares |
Rs.10/- each |
Rs.124.075
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
30.06.2014 |
30.06.2013 |
30.06.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
124.075 |
117.825 |
100.325 |
|
(b) Reserves & Surplus |
409.913 |
360.196 |
302.019 |
|
(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) |
533.988 |
478.021 |
402.344 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
194.892 |
274.123 |
352.135 |
|
(b) Deferred tax liabilities
(Net) |
12.902 |
14.560 |
12.592 |
|
(c) Other long term
liabilities |
0.000 |
0.500 |
0.500 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
207.794 |
289.183 |
365.227 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
395.596 |
403.218 |
414.176 |
|
(b) Trade payables |
694.377 |
560.520 |
501.507 |
|
(c) Other current liabilities |
137.570 |
131.706 |
104.270 |
|
(d) Short-term provisions |
1.444 |
0.803 |
2.827 |
|
Total
Current Liabilities (4) |
1228.987 |
1096.247 |
1022.780 |
|
|
|
|
|
|
TOTAL |
1970.769 |
1863.451 |
1790.351 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
623.365 |
591.720 |
433.249 |
|
(ii) Intangible Assets |
6.443 |
7.603 |
9.071 |
|
(iii) Capital work-in-progress |
25.124 |
40.203 |
133.631 |
|
(iv) Intangible assets under
development |
0.000 |
0.127 |
0.090 |
|
(b) Non-current Investments |
66.992 |
67.540 |
5.376 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.894 |
19.849 |
48.919 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
731.818 |
727.042 |
630.336 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
739.959 |
627.437 |
625.792 |
|
(c) Trade receivables |
422.559 |
444.422 |
379.059 |
|
(d) Cash and cash equivalents |
13.260 |
4.766 |
86.741 |
|
(e) Short-term loans and
advances |
37.659 |
37.250 |
42.019 |
|
(f) Other current assets |
25.514 |
22.534 |
26.404 |
|
Total
Current Assets |
1238.951 |
1136.409 |
1160.015 |
|
|
|
|
|
|
TOTAL |
1970.769 |
1863.451 |
1790.351 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
30.06.2014 |
30.06.2013 |
30.06.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
1767.623 |
1635.965 |
1515.301 |
|
|
Other Income |
8.343 |
20.469 |
13.845 |
|
|
TOTAL
(A) |
1775.966 |
1656.434 |
1529.146 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1066.516 |
975.177 |
863.926 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(20.534) |
(16.668) |
(14.638) |
|
|
Employees benefits expense |
117.901 |
109.009 |
98.500 |
|
|
Other expenses |
392.810 |
349.600 |
386.809 |
|
|
TOTAL
(B) |
1556.693 |
1417.118 |
1334.597 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
219.273 |
239.316 |
194.549 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
96.492 |
118.262 |
115.886 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
122.781 |
121.054 |
78.663 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
71.915 |
69.762 |
50.007 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
50.866 |
51.292 |
28.656 |
|
|
|
|
|
|
|
Less |
TAX (H) |
7.399 |
9.116 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
43.467 |
42.176 |
28.656 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
223.323 |
182.646 |
153.989 |
|
|
|
|
|
|
|
Add |
Earlier
year excess proposed dividend and dividend distribution tax (L) |
0.000 |
0.249 |
0.000 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
266.790 |
225.071 |
182.645 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.67 |
3.22 |
3.22 |
|
Particulars |
|
|
As on 2015 |
|
Sales Turnover |
|
|
1900.000 |
|
|
|
|
|
Expected Sales (2015-2016) : Rs.2250.000 Million
The above information has been parted by Mr. Jayesh Bhatt (Commercial
Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
30.06.2014 |
30.06.2013 |
30.06.2012 |
|
Current Maturities of Long term debt |
80.973 |
85.770 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
259.796 |
256.817 |
73.768 |
|
Net cash flow from operating activity |
247.316 |
243.078 |
73.768 |
KEY
RATIOS
|
PARTICULARS |
|
30.06.2014 |
30.06.2013 |
30.06.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.46 |
2.58 |
1.89 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
12.40 |
14.63 |
12.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.71 |
2.92 |
1.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.11 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.26 |
1.60 |
1.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
1.04 |
1.13 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
30.06.2012 |
30.06.2013 |
30.06.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
100.325 |
117.825 |
124.075 |
|
Reserves & Surplus |
302.019 |
360.196 |
409.913 |
|
Net
worth |
402.344 |
478.021 |
533.988 |
|
|
|
|
|
|
long-term borrowings |
352.135 |
274.123 |
194.892 |
|
Short term borrowings |
414.176 |
403.218 |
395.596 |
|
Current Maturities of
Long-Term Debts |
0.000 |
85.770 |
80.973 |
|
Total
borrowings |
766.311 |
763.111 |
671.461 |
|
Debt/Equity
ratio |
1.905 |
1.596 |
1.257 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
30.06.2012 |
30.06.2013 |
30.06.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1515.301 |
1635.965 |
1767.623 |
|
|
|
7.963 |
8.048 |
NET PROFIT MARGIN
|
Net
Profit Margin |
30.06.2012 |
30.06.2013 |
30.06.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1515.301 |
1635.965 |
1767.623 |
|
Profit |
28.656 |
42.176 |
43.467 |
|
|
1.89% |
2.58% |
2.46% |
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 |
Yes |
|
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 |
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% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL AND OPERATIONAL
PERFORMANCE :
During the year under report, the company’s net sales grew by 8% as compared to the previous year.
The Company is receiving utmost co-operation from its Bankers and the Directors wish to thank them for their continued support.
The company has envisaged channel concept with the help of Mr. Giuseppe Panaccione (Ex-employee NN Europe Pinerolo facility, Italy) and first line is started on 23rd June 2014 and it will be fully operation by end of Sept 2015 .It shall provide us additional benefits in terms of capacity, reduction of cost and improve bottom line in the coming year.
UNSECURED LOAN
|
Unsecured Loan |
30.06.2014 (Rs.
in Million) |
30.06.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances, others |
117.502 |
118.523 |
|
|
|
|
|
Total |
117.502 |
118.523 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10568840 |
02/05/2015 |
84,000,000.00 |
Standard Chartered Bank |
Abhijeet II, Ground Floor, Near Mithakali Roads, |
C53364089 |
|
2 |
10565398 |
03/09/2014 |
28,250,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
C51645919 |
|
3 |
10426535 |
11/03/2015 * |
1,148,800,000.00 |
DENA BANK |
CORPORATE BUSINESS BRANCH, C-10, G BLOCK,, BANDRA |
C48470884 |
|
4 |
10327881 |
03/05/2012 * |
180,000,000.00 |
Standard Chartered Bank |
Crescenzo, 3A/F, Plot no. C-38 & 39, G Block, Ban |
B41540840 |
|
5 |
10277187 |
31/03/2011 * |
377,300,000.00 |
State Bank of India |
Mid Corporate Branch (60144), VIA House, GIDC, Vapi, Vapi, Gujarat -
396195, INDIA |
B10949766 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
30.06.2014 |
30.06.2013 |
|
Estimated amount of contracts remaining to be executed on capital account and not provided for |
7.215 |
45.298 |
|
Other commitments |
580.693 |
5022.468 |
FIXED ASSETS
- Land
- Buildings
- 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.66.50 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.75.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.