MIRA INFORM REPORT
|
Report No. : |
342449 |
|
Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHILOSA INDUSTRIES PRIVATE LIMITED [w.e.f.02.02.2007] |
|
|
|
|
Formerly Known
As : |
BHILOSA TEX-N-TWIST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 14/1/2, Village Rakholi, Silvassa, Dadra and Nagar Haveli –
396230, Uttar Pradesh |
|
Tel. No.: |
91-22-67441226 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.06.1988 |
|
|
|
|
Com. Reg. No.: |
54-000365 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.605.700 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DN1988PTC000365 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB1538K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Polyester Chips, Partially Oriented Yarn
(POY), Fully Drawn Yarn (FDY) and Draw Texturised Yarn (DTY). |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 1st June, 1988. It was promoted
by Mr. Rameshchandra T. Jain. It has manufacturing facilities located in Silvasa
in the Union Territory (UT) of Dadra and Nagar Haveli. It has fine track
record. The company has shown a significant growth in its turnover and profit
during FY2014. The company possesses a healthy financial profile marked by
strong networth base along with decent liquidity and profitability. The rating continue to derive strength from the experience of the
promoters in the Polyester Filaments Yarn industry, integrated operations and
well-established position in the industry. Trade relations are reported as fair. Business is active. Payments
terms are reported to be regular and as per commitments. The company can be considered for normal 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 = A+ |
|
Rating Explanation |
Have adequate
degree of safety and carry low credit risk. |
|
Date |
30.03.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank
Facilities = A1+ |
|
Rating Explanation |
Have very strong
degree of safety and carry lowest credit risk. |
|
Date |
30.03.2015 |
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. Mangelal Gholat |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-67441226 |
|
Date : |
23.09.2015 |
LOCATIONS
|
Registered Office : |
Survey No. 14/1/2, Village Rakholi, Silvassa, Dadra and Nagar Haveli –
396230, Uttar Pradesh, India |
|
Tel. No.: |
91-22-67441226 |
|
Fax No.: |
91-22-22838615 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
|
|
Head Office : |
3rd Floor, Bakhtawar Commercial Premises Co-operative Society Limited, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-67441200 |
|
Fax No.: |
91-22-22838615 |
|
|
|
|
Factory 2 : |
90/91 Danu Udyog
Industrial Estate, Piparia, Silvassa, Dadra and Nagar Haveli, Uttar Pradesh,
India |
|
|
|
|
Factory 3 : |
Survey 17/1/4 and 6, Rakholi, Silvassa, Dadra and Nagar Haveli, Uttar Pradesh, India |
|
|
|
|
Factory 4 : |
Survey 14/1/1 and
15/1/2, Rakholi, Silvassa, Dadra and Nagar Haveli Uttar Pradesh, India |
|
|
|
|
Factory 5 : |
Survey 37 and 46/1/3/1 Rakholi, Silvassa, Dadra and Nagar Haveli, [Uttar Pradesh, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rameshchandra Tejraji Jain |
|
Designation : |
Chairmen cum Managing director |
|
Address : |
Orbit Arya, 17th Floor, Bomanji Darabsha Road, Malabar Hill, Near Mukesh Chowk, Nepeansea Road, Mumbai – 400006, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1948 |
|
Qualification : |
Graduate |
|
Experience : |
42 Years |
|
Date of Appointment : |
01.06.1988 |
|
DIN No.: |
01327431 |
|
PAN No.: |
ABDPJ0434D |
|
|
|
|
Name : |
Mr. Kumarpal Rameshchandra Jain |
|
Designation : |
Director |
|
Address : |
Pushpak Apartment, 18th Floor, Flat No. 182, Indrashan
Society, 31- Altamount Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
04.04.1975 |
|
Qualification : |
Graduate |
|
Experience : |
20 Years |
|
Date of Appointment : |
03.05.1993 |
|
DIN No.: |
01003673 |
|
PAN No.: |
AACPJ7017N |
KEY EXECUTIVES
|
Name : |
Mr. Mangelal Gholat |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jain Tejrajji Rameshchandra |
|
11570290 |
|
Jain Rameshchandra Manjula |
|
2024535 |
|
Jain Rameshchandra Kumarpal Jointly with Jain Tejrajji
Rameshchandra |
|
4622160 |
|
Jain Rameshchandra Sandeep Jointly with Jain Tejrajji
Rameshchandra |
|
2052170 |
|
Jain Tejrajji Rameshchandra Jointly with Jain
Rameshchandra Manjula |
|
4482335 |
|
Jain Rameshchandra Chetna Jointly with Jain Rameshchandra
Manjula |
|
292000 |
|
Jain Rameshchandra Kumarpal Jointly with Jain
Rameshchandra Manjula |
|
450000 |
|
Jain Rameshchandra Sandeep Jointly with Jain Rameshchandra
Manjula |
|
300000 |
|
Rameshchandra T Jain HUF |
|
225000 |
|
Jain Rameshchandra Kumarpal |
|
7201010 |
|
Jain Kumarpal Madhavi |
|
1775000 |
|
Jain Rameshchandra Sandeep |
|
1825000 |
|
Jain Tejrajji Rameshchandra |
|
4125000 |
|
Jain Rameshchandra Sandeep |
|
822500 |
|
Jain Sandeep Hirvi |
|
1677500 |
|
Jain Rameshchandra Kumarpal |
|
17125000 |
|
|
|
|
|
Total |
|
60569500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Polyester Chips, Partially Oriented Yarn
(POY), Fully Drawn Yarn (FDY) and Draw Texturised Yarn (DTY). |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
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 : |
· State Bank of India Commercial and International Bank Limited, Maker Chamber III, Nariman Point, Mumbai - 400021, Maharashtra, India ·
Indian Overseas Bank 30 and 32, Tamarind House, Tamarind Lane,
Fort, Mumbai - 400023, Maharashtra, India
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Sanghvi Sanghvi and Sanghvi Chartered Accountants |
|
Address : |
10, La Citadelle, 2nd Floor, 99, Maharashi Karve Road,
Mumbai – 400020, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFS2693D |
|
|
|
|
Name : |
Rakesh K. Ranka and Company Chartered Accountants |
|
Address : |
13, 1 St Floor, Dinkar Niwas, Navivadi, Dady Sheth Agairy Lane, Mumbai - 400 002, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAGPR7027Q |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60569500 |
Equity Shares |
Rs.10/- each |
Rs.605.695
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 |
605.700 |
605.700 |
605.700 |
|
(b) Reserves & Surplus |
8743.700 |
7067.600 |
5663.400 |
|
(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) |
9349.400 |
7673.300 |
6269.100 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
12438.900 |
9016.100 |
5542.400 |
|
(b) Deferred tax liabilities
(Net) |
1696.700 |
1181.100 |
883.900 |
|
(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) |
14135.600 |
10197.200 |
6426.300 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5608.800 |
4606.600 |
2914.600 |
|
(b) Trade payables |
2536.000 |
1198.500 |
1489.800 |
|
(c) Other current liabilities |
2279.800 |
1685.900 |
1092.900 |
|
(d) Short-term provisions |
172.100 |
117.700 |
41.000 |
|
Total
Current Liabilities (4) |
10596.700 |
7608.700 |
5538.300 |
|
|
|
|
|
|
TOTAL |
34081.700 |
25479.200 |
18233.700 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
20299.300 |
13418.500 |
8906.500 |
|
(ii) Intangible Assets |
53.500 |
62.600 |
1.200 |
|
(iii) Capital work-in-progress |
43.400 |
1706.000 |
1060.900 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
38.700 |
|
(b) Non-current Investments |
0.000 |
0.000 |
41.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
25.700 |
252.700 |
425.700 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
20421.900 |
15439.800 |
10474.500 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
697.400 |
|
(b) Inventories |
4761.800 |
3878.000 |
2602.100 |
|
(c) Trade receivables |
5834.300 |
4253.500 |
2994.800 |
|
(d) Cash and cash equivalents |
118.100 |
138.500 |
333.800 |
|
(e) Short-term loans and
advances |
2937.500 |
1683.300 |
1076.500 |
|
(f) Other current assets |
8.100 |
86.100 |
54.600 |
|
Total
Current Assets |
13659.800 |
10039.400 |
7759.200 |
|
|
|
|
|
|
TOTAL |
34081.700 |
25479.200 |
18233.700 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
44910.100 |
26154.200 |
23919.000 |
|
|
Other Income |
105.300 |
116.000 |
74.200 |
|
|
TOTAL
(A) |
45015.400 |
26270.200 |
23993.200 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES (B) |
41014.700 |
23230.600 |
20882.800 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
4000.700 |
3039.600 |
3110.400 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
769.200 |
454.500 |
386.700 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3231.500 |
2585.100 |
2723.700 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1040.300 |
565.600 |
462.800 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
2191.200 |
2019.500 |
2260.900 |
|
|
|
|
|
|
|
Less |
TAX (H) |
515.500 |
607.500 |
697.300 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
1675.700 |
1412.000 |
1563.600 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3142.600 |
1647.200 |
1104.400 |
|
|
TOTAL
EARNINGS |
3142.600 |
1647.200 |
1104.400 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
27.67 |
23.31 |
25.81 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1644.500 |
1205.400 |
781.700 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
2956.800 |
347.600 |
2489.200 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.73 |
5.40 |
6.54 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.91 |
11.62 |
13.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.44 |
8.49 |
13.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.26 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.11 |
1.93 |
1.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.32 |
1.40 |
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 |
605.700 |
605.700 |
605.700 |
|
Reserves & Surplus |
5663.400 |
7067.600 |
8743.700 |
|
Net
worth |
6269.100 |
7673.300 |
9349.400 |
|
|
|
|
|
|
long-term borrowings |
5542.400 |
9016.100 |
12438.900 |
|
Short term borrowings |
2914.600 |
4606.600 |
5608.800 |
|
Current maturities of
long-term debts |
781.700 |
1205.400 |
1644.500 |
|
Total
borrowings |
9238.700 |
14828.100 |
19692.200 |
|
Debt/Equity
ratio |
1.474 |
1.932 |
2.106 |
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 |
23919.000 |
26154.200 |
44910.100 |
|
|
|
9.345 |
71.713 |
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 |
23919.000 |
26154.200 |
44910.100 |
|
Profit |
1563.600 |
1412.000 |
1675.700 |
|
|
6.54% |
5.40% |
3.73% |
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) |
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 |
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 |
NOTE: Registered office of the company has been shifted from 74/75, Free Press House, 7th Floor Free Press Journal Marg, Nariman Point Mumbai – 400021, Maharashtra India To The Present Address w.e.f. 16.03.2011
CORPORATE INFORMATION
Subject (hereinafter referred to as ‘the Company’ or ‘BIPL’)
is a manufacturer of Polyester Chips, Partially Oriented Yarn (POY), Fully
Drawn Yarn (FDY) and Draw Texturised Yarn (DTY). The Company’s manufacturing
facilities are located at Rakholi, Silvassa, Dadra & Nagar Haveli (U.T.)
and Naroli, Silvassa, Dadra and Nagar Haveli (U.T.).
RESULT OF OPERATIONS
HIGHLIGHTS OF THE
PERFORMANCE OF THE COMPANY ARE AS UNDER:
- Net revenue from operations increased by 71.71%, from Rs.26154.200 Million to Rs.44910.100 Million
- PBDIT is Rs.4000.700 Million i.e. 8.91% of Net revenue from operation
- PAT is Rs.1675.700 Million i.e. 3.73% of Net revenue from operation
- Cash Profits Rs.3231.500 Million i.e. 7.20% of Net revenue from operation
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from related parties |
157.500 |
156.100 |
|
Other loans and advances |
09.700 |
28.400 |
|
Total |
167.200 |
184.500 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10583973 |
27/08/2015 * |
860,000,000.00 |
THE FEDERAL BANK LTD |
CORPORATE BANKING BRANCH, GROUND FLOOR, EXPRESS T |
C64362353 |
|
2 |
10572805 |
27/08/2015 * |
800,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 'THE ARCADE',WORLD TRADE CENTRE COMPLEX, CUFFE PARADE., MUMBAI, MAHARASHTRA - 400005, INDIA |
C64361686 |
|
3 |
10572804 |
27/08/2015 * |
114,600,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 'THE ARCADE', WORLD T |
C64362882 |
|
4 |
10517962 |
02/09/2015 * |
1,610,000,000.00 |
INDIAN OVERSEAS BANK |
30 AND 32 TAMARIND HOUSE, TAMARIND LANE, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C64431943 |
|
5 |
10424436 |
20/09/2014 * |
1,560,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 'THE ARCADE',,WORLD T |
C29145364 |
|
6 |
10415607 |
20/09/2014 * |
450,000,000.00 |
CORPORATION BANK |
104, BHARAT HOUSE, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C29149325 |
|
7 |
10373936 |
28/08/2012 |
1,186,500,000.00 |
LANDESBANK BADEN-WURTTEMBERG |
AM HAUPTBAHNHOF 2,, FEDERAL REPUBLIC OF GERMANY., |
B57024168 |
|
8 |
10374637 |
20/09/2014 * |
1,800,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 'THE ARCADE',, WORLD T |
C29129111 |
|
9 |
10361129 |
20/09/2014 * |
2,500,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH, 'THE ARCADE', WORLD T |
C29133378 |
|
10 |
10352871 |
20/09/2014 * |
1,200,000,000.00 |
CORPORATION BANK |
104, BHARAT HOUSE, MUMBAI SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400023, INDIA |
C29147923 |
* Date of charge modification
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against company not acknowledged as debt |
53.400 |
49.500 |
|
Total contingent
liabilities |
53.400 |
49.500 |
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment’s
Intangible assets
- Computer software
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 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.65.97 |
|
UK Pound |
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
64 |
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.