MIRA INFORM REPORT
|
Report No. : |
342080 |
|
Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
VECTUS INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
“Kanchan” Roshni Ghar Road, Near Achaleshwar Temple, Gwalior – 474011,
Madhya Pradesh |
|
Tel. No.: |
91-120-4753260 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
30.08.2007 |
|
|
|
|
Com. Reg. No.: |
10-019781 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.102.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202MP2007PLC019781 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLV01607E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCV5516B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer PPR, soil, waste and rain water (SWR), PVC pipes and
fittings, water, composite pipes, and moulded products which are used in
construction, agriculture and industrial sector. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Maximum Credit Limit : |
USD 2300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2007. It
has satisfactory track. Rating takes into consideration overall sound financial risk profile
of the company marked by adequate networth base along with comfortable
gearing in FY 14. Management has reported decent growth in its revenue base along with
decent profit margin of 6% in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings with 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.
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 |
CRISIL |
|
Rating |
Long term Rating = (BBB) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
February 05, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = (A3+) |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
February 05, 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 DENIED BY
|
Name : |
Mr. Saurav |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-120-4753260 |
|
Date : |
22.09.2015 |
LOCATIONS
|
Registered Office : |
“Kanchan” Roshni Ghar Road, Near Achaleshwar Temple, Gwalior – 474011,
Madhya Pradesh, India |
|
Tel. No.: |
91-120-4753260 |
|
Fax No.: |
91-751-2232402 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
A-101, Sector 83, Noida – 201305, Uttar Pradesh, India |
|
Tel No.: |
91-120-4753200 |
|
E-mail Id.: |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Atul Ladha |
|
Designation : |
Managing Director |
|
Address : |
263, Jiwaji Nagar Thatipur, Gwalior – 474011, Madhya Pradesh, India |
|
Date of Birth/Age : |
16.09.1966 |
|
Date of Appointment : |
30.08.2007 |
|
DIN No.: |
00978072 |
|
|
|
|
Name : |
Mr. Ashish Baheti |
|
Designation : |
Director |
|
Address : |
J – 10, Sector-11, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh |
|
Date of Birth/Age : |
10.07.1968 |
|
Date of Appointment : |
30.08.2007 |
|
DIN No.: |
01162605 |
|
|
|
|
Name : |
Mrs. Sunita Ladha |
|
Designation : |
Director |
|
Address : |
263 jiwaji Nagar, Thatipur, Gwalior – 474011, Madhya Pradesh, India |
|
Date of Birth/Age : |
16.02.1969 |
|
Date of Appointment : |
30.08.2007 |
|
DIN No.: |
00980939 |
|
|
|
|
Name : |
Mrs. Sarika Baheti |
|
Designation : |
Director |
|
Address : |
J – 10 Sector – 11, Gautam Budh Nagar, Noida – 201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
19.10.1968 |
|
Date of Appointment : |
30.08.2007 |
|
DIN No.: |
01146961 |
|
|
|
|
Name : |
Mr. Narayan Anand |
|
Designation : |
Nominee Director |
|
Address : |
D-03, Palacio, Old No 216, New No. 408, TTK Road, Alwarpet, Chennai - 600018, Tamil Nadu, India |
|
Date of Birth/Age : |
22.11.1963 |
|
Date of Appointment : |
20.06.2014 |
|
DIN No.: |
02110727 |
|
|
|
|
Name : |
Mr. Santosh Kumar Maheshwari |
|
Designation : |
Director |
|
Address : |
Flat No.K-301, Pearl Gateway Towers, Sector-44, Noida - 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
15.08.1946 |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
01956866 |
KEY EXECUTIVES
|
Name : |
Mr. Saurav |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ashish Baheti-HUF |
|
400000 |
|
Ashish Baheti |
|
3995475 |
|
Diviyan Baheti |
|
70000 |
|
Misha Baheti |
|
164225 |
|
Pure Ganga Water Systems Private Limited |
|
50000 |
|
Sarika Baheti |
|
470300 |
|
Atul Ladha-HUF |
|
271900 |
|
Atul Ladha |
|
3834704 |
|
Gopal Das Ladha |
|
34228 |
|
Manorama Ladha |
|
146200 |
|
Shanti Devi Ladha |
|
2500 |
|
Sunita Ladha |
|
357604 |
|
Shivangi Ploymers Private Limited |
|
502864 |
|
Latinia Limited |
|
1000 |
|
Total |
|
10301000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
0.01 |
|
Bodies corporate |
5.37 |
|
Directors or relatives of Directors |
94.62 |
|
Total |
100.00 |
c
BUSINESS DETAILS
|
Line of Business : |
Manufacturer PPR, soil, waste and rain water (SWR), PVC pipes and
fittings, water, composite pipes, and moulded products which are used in construction,
agriculture and industrial sector. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
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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|
||||||||||||||||||||||
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Facilities : |
|
|
Financial Institutions : |
Tata Capital Financial Services
Limited, One Forbes, Dr. V. B. Gandhi marg, Fort, Mumbai – 400001, Maharashtra,
India |
|
|
|
|
Auditors : |
|
|
Name : |
A.K. Agrawal and Associates Chartered Accountants |
|
Address : |
F – 28, Sanjay Complex, Jayendra Ganj, Lashkar NBSP, Gwalior – 474009,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AANFA4576A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary company
: |
U15311MP1997PTC011871
U25206MP2007PTC019335
U25202MP1998PTC012849
U25202MP2000PTC014017
U02101MP1997PTC011548
U25200MP2011PTC026898 |
|
|
|
|
Associate : |
Vectus Kenya Limited, Kenya |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
U74899DL1986PTC025064
U28122MP1995PTC009786 |
|
|
|
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital : Rs. 150.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 103.010
Million
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10250000 |
Equity Shares |
Rs.10/- each |
Rs.102.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10250000 |
Equity Shares |
Rs.10/- each |
Rs.102.500 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 |
102.500 |
84.500 |
75.000 |
|
(b) Reserves & Surplus |
714.430 |
455.508 |
226.636 |
|
(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) |
816.930 |
540.008 |
301.636 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
206.943 |
295.666 |
72.047 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
42.136 |
|
(d) long-term provisions |
72.224 |
36.181 |
31.814 |
|
Total
Non-current Liabilities (3) |
279.167 |
331.847 |
145.997 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
380.798 |
406.645 |
228.227 |
|
(b) Trade payables |
346.606 |
218.999 |
109.923 |
|
(c) Other current liabilities |
71.912 |
73.666 |
29.271 |
|
(d) Short-term provisions |
49.100 |
45.344 |
0.000 |
|
Total
Current Liabilities (4) |
848.416 |
744.654 |
367.421 |
|
|
|
|
|
|
TOTAL |
1944.513 |
1616.509 |
815.054 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
658.977 |
631.371 |
255.789 |
|
(ii) Intangible Assets |
15.478 |
1.687 |
2.316 |
|
(iii) Capital work-in-progress |
37.768 |
23.619 |
27.208 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
23.412 |
28.191 |
27.668 |
|
(c) Deferred tax assets (net) |
7.397 |
5.189 |
-2.618 |
|
(d) Long-term Loan and Advances |
69.821 |
39.800 |
22.377 |
|
(e) Other Non-current assets |
15.161 |
5.977 |
0.000 |
|
Total
Non-Current Assets |
828.014 |
735.834 |
332.740 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
514.288 |
410.034 |
254.709 |
|
(c) Trade receivables |
327.105 |
342.688 |
180.130 |
|
(d) Cash and cash equivalents |
29.388 |
13.086 |
12.238 |
|
(e) Short-term loans and
advances |
245.718 |
114.867 |
31.015 |
|
(f) Other current assets |
0.000 |
0.000 |
4.222 |
|
Total
Current Assets |
1116.499 |
880.675 |
482.314 |
|
|
|
|
|
|
TOTAL |
1944.513 |
1616.509 |
815.054 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
3326.026 |
2612.329 |
1394.482 |
|
|
Other Income |
40.691 |
14.052 |
9.680 |
|
|
TOTAL
(A) |
3366.717 |
2626.381 |
1404.162 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
2225.785 |
1740.234 |
875.730 |
|
|
Purchases of Stock-in-Trade |
105.937 |
130.496 |
84.955 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(49.320) |
(102.902) |
(14.544) |
|
|
Employees benefits expense |
202.751 |
161.866 |
102.260 |
|
|
Prior Period items before tax |
0.000 |
0.000 |
0.220 |
|
|
Other expenses |
416.737 |
363.471 |
181.504 |
|
|
TOTAL
(B) |
2901.890 |
2293.165 |
1230.125 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
464.827 |
333.216 |
174.037 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
99.427 |
75.008 |
51.620 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
365.400 |
258.208 |
122.417 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
100.321 |
70.760 |
41.019 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
265.079 |
187.448 |
81.398 |
|
|
|
|
|
|
|
Less |
TAX (H) |
50.541 |
40.943 |
12.899 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
214.538 |
146.505 |
68.499 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
20.82 |
14.22 |
9.13 |
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 flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.45 |
5.61 |
4.91 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
13.98 |
12.76 |
12.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.13 |
12.02 |
10.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.35 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.72 |
1.30 |
1.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.18 |
1.31 |
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 |
75.000 |
84.500 |
102.500 |
|
Reserves & Surplus |
226.636 |
455.508 |
714.430 |
|
Net
worth |
301.636 |
540.008 |
816.930 |
|
|
|
|
|
|
long-term borrowings |
72.047 |
295.666 |
206.943 |
|
Short term borrowings |
228.227 |
406.645 |
380.798 |
|
Total
borrowings |
300.274 |
702.311 |
587.741 |
|
Debt/Equity
ratio |
0.995 |
1.301 |
0.719 |
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 |
1394.482 |
2612.329 |
3326.026 |
|
|
|
87.333 |
27.320 |
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 |
1394.482 |
2612.329 |
3326.026 |
|
Profit |
68.499 |
146.505 |
214.538 |
|
|
4.91% |
5.61% |
6.45% |
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 |
Yes |
|
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 |
Yes |
|
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 |
MERGERS
Sintir Plast Containers Private Limited, an erstwhile group Company was merged with the Company, following the approval of the scheme of merger by the shareholders of both Companies and the Hon’ble High Court of Madhya Pradesh, Bench at Gwalior’s order dated 1.11.2013. Accordingly, Sintir Plast Containers Private Limited has become a division of the Company. The financial results of the erstwhile Sintir Plast Containers Private Limited for the year ended 31st March, 2014 are reflected in the Company’s accounts for the same period. Pursuant to merger, the Company has allotted shares to the shareholders of Sintir Plast Containers Private Limited, as per the scheme approved.
Baheti Rotoplast Private Limited, an erstwhile group company was merged with the Company, following the approval of the scheme of merger by the shareholders of both Companies and the High Court of New Delhi’s order dated 28th January 2014 and Madhya Pradesh High Court’s order dated 11th March, 2014. Accordingly Baheti Rotoplast Private Limited has become a division of the Company. The financial results of the erstwhile Baheti Rotoplast Private Limited for the year ended 31st March, 2014 are reflected in the Company’s accounts for the same period. Pursuant to the merger, the Company has allotted shares to the shareholders of Baheti Rotoplast Private Limited as per the scheme approved.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
33.588 |
41.110 |
|
Total |
33.588 |
41.110 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10418502 |
20/03/2013 |
16,400,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes,, Dr. V. B. Gandhi Marg, Fort, Mumbai, |
B72811177 |
|
2 |
10373696 |
25/02/2014 * |
20,000,000.00 |
Bank of India |
Parliament Street Branch, PTI Building, 4, Sansad |
B97317226 |
|
3 |
10373703 |
09/07/2012 |
63,424,000.00 |
Bank of India |
Parliament Street Branch, PTI Building, 4 Sansad |
B56910060 |
|
4 |
10373707 |
09/07/2012 |
20,000,000.00 |
Bank of India |
Parliament Street Branch, PTI Building, 4 Sansad |
B56911019 |
|
5 |
10373749 |
25/02/2014 * |
30,000,000.00 |
Bank of India |
Parliament Street Branch, PTI Building, 4, Sansad |
B97318117 |
|
6 |
10331244 |
12/12/2011 |
38,400,000.00 |
State Bank of India |
Medium Enterprises Sales HUB, Main Branch Premises, Jaistambh Chowk, Raipur,
Chhattisgarh - 492001, |
B30392179 |
|
7 |
10225586 |
14/05/2010 |
36,000,000.00 |
Bank of India |
Parliament Street Branch, PTI Building, 4 Sansad |
A88019393 |
|
8 |
10219615 |
09/07/2012 * |
30,000,000.00 |
Bank of India |
Parliament Street Branch, PTI Building, 4 Sansad |
B56909807 |
|
9 |
10219618 |
23/04/2010 |
30,000,000.00 |
Bank Of India |
Parliament Street Branch, PTI Building , 4 Sansad |
A85424257 |
|
10 |
10219657 |
23/04/2010 |
17,500,000.00 |
Bank Of India |
Parliament Street Branch, PTI Building, 4 Sansad |
A85423895 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- 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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.62 |
|
|
1 |
Rs.101.73 |
|
Euro |
1 |
Rs.73.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.