MIRA INFORM REPORT
|
Report No. : |
342848 |
|
Report Date : |
25.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MITTAL APPLIANCES LIMITED (w.e.f. 15.09.1995) |
|
|
|
|
Formerly Known
As : |
MITTAL APPLIANCES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Unit No. 13, 1st Floor, Swastik Industrial Estate, 178, Vidyanagari
Marg, Kalina, Mumbai – 400098, Maharashtra |
|
Tel. No.: |
91-731-3011800 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
19.01.1985 |
|
|
|
|
Com. Reg. No.: |
11-174619 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.36.520 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28122MH1985PLC174619 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM1903A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Manufacturing and Selling of Copper alloy Coin Blanks, Strips, Coils and Ingots etc. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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 is an established company having satisfactory track. For the financial year ended 2014, the company has growth in its scale
of operations marked by decent sales turnover along with good profitability
margin. The company has healthy financial base along with improvement in debt
coverage indicators. The ratings continue to derive comfort from the long track record of
the promoters of company and its reputed clientele. Trade relations are fair. Business is active. Payment 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 |
CARE |
|
Rating |
Long Term Bank Facilities = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
August 28, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
August 28, 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
Management non cooperative (91-731-3011800)
LOCATIONS
|
Registered Office : |
Unit No.13, 1st Floor, Swastik Industrial Estate, 178,
Vidyanagari Marg, Kalina, Mumbai – 400098, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head/ Corporate Office : |
303, Apollo Trade Centre, Geeta Bhavan Square, A.B. Road, Indore –
452001, Madhya Pradesh, India |
|
Tel. No.: |
91-731-3091800 |
|
Fax No.: |
91-731-3044753 |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.75, Industrial Area No. II, Pithampur, Dhar – 454775, Madhya
Pradesh, India |
|
Tel No.: |
91-7292-329590/ 93 |
|
Fax No.: |
91-7292-256738 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Dinesh Chand Mittal |
|
Designation : |
Chairman |
|
Address : |
Manak 15A/22, |
|
Date of Birth/Age : |
04.02.1951 |
|
Qualification : |
MBA Finance |
|
Experience : |
32 years |
|
Date of Appointment : |
01.08.1990 |
|
DIN No.: |
00127385 |
|
|
|
|
Name : |
Mr. Anshul Mittal |
|
Designation : |
Executive Director |
|
Address : |
Manak 15A/22, |
|
Date of Birth/Age : |
27.07.1977 |
|
Qualification : |
B.S. in Industrial Engineering |
|
Experience : |
12 years |
|
Date of Appointment : |
01.01.1996 |
|
PAN No.: |
AFDPM4778H |
|
DIN No.: |
00139786 |
|
|
|
|
Name : |
Mr. Anil Kumar Sharma |
|
Designation : |
Director |
|
Address : |
EK-293, Scheme No. 54, Vijay Nagar, Indore-452010, |
|
Date of Birth/Age : |
28.03.1968 |
|
Date of Appointment : |
09.02.2007 |
|
DIN No.: |
00216361 |
|
|
|
|
Name : |
Mr. Harsh Kumar Maheshwary |
|
Designation : |
Director |
|
Address : |
502-B, Manavsthal II, Gokul Dham, Goregaon (East), Mumbai-400063,
Maharashtra, India |
|
Date of Birth/Age : |
04.02.1950 |
|
Date of Appointment : |
10.03.2005 |
|
DIN : |
00088660 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Rajrani Mittal |
460000 |
|
Anshul Mittal |
252000 |
|
Dinesh Chand
Mittal (HUF) |
67000 |
|
Ankit Mittal |
275000 |
|
Rajshree Finsec
Private Limited, India |
100000 |
|
Rajshree Overseas
Private Limited, |
50000 |
|
Network Capital Market Limited, |
150000 |
|
Shweta Mittal |
38000 |
|
Manavhit Developers Private Limited, |
20000 |
|
Ananya Buildcon and Real Estate Private Limited, |
20000 |
|
Dharohar Infrastructure Private Limited, |
20000 |
|
Treasure Buildcon Private Limited, |
20000 |
|
Feel Home Real Estate Private Limited, |
20000 |
|
Anshul Developers Private Limited, India |
200000 |
|
Total |
1692000 |
|
Names of Shareholders (Preference Shares) |
No. of Shares |
|
Anshul Developers Private Limited, India |
1460000 |
|
Antardhara Estate and Finance Private Limited |
270000 |
|
Mangalmaya Eastate and Finvest Private Limited |
230000 |
|
Total |
1960000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
35.46 |
|
Directors or relatives of Directors |
64.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Manufacturing and Selling of Copper alloy Coin Blanks, Strips, Coils and Ingots etc. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Not Available |
||||||||
|
|
|
||||||||
|
Agencies Held : |
Not Available |
||||||||
|
|
|
||||||||
|
Exports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Imports : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Not Divulged |
||||||||
|
|
|
||||||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· ICICI Bank, Indore, Madhya Pradesh, India · Axis Bank Limited, 1, Kamal Palace, Y. N. Road, Indore - 452001, Madhya Pradesh, India · State Bank of Indore, Industrial Finance Branch, Race Course Road, Indore, Madhya Pradesh, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
SECURED
LOAN
|
|
Auditors : |
|
|
Name : |
M. Mehta and Company Chartered Accountants |
|
Address : |
11/5, South Tukoganj, Nath Mandir Road, Indore – 452001, Madhya
Pradesh, India |
|
Tel. No.: |
91-731-4065948 / 2511011 / 2511022 (O) / 2431713 / 2523117 |
|
Mobile No.: |
91-9826294918 |
|
Fax No.: |
91-731-2523117 |
|
Website : |
|
|
PAN No.: |
AAGFM2167A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associate
Companies |
· Antardhara Estate and Finvest Private Limited, India · Amrit Dall Mill Private Limited, India · Anshul Developers Private Limited, India · Flame Real Estate Private Limited, India · Manavhit Finvest and Builders Private Limited, India · Mangalmaya Estate and Finvest Private Limited, India · Nirmulya Estate and Finvest Private Limited, India · Ostwal Fincom Private Limited, India · Pushpraj Estate and Finvest Private Limited, India · Stud Estate and Finvest Private Limited, India · Treasure Buildcon Private Limited, India · Jyotipriya Plantation and Orchads Private Limited, India |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
· Gangaram Mohanlal and Sons, India |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
|
2000000 |
10% Non-Cumulative Redeemable Preferences
Shares |
Rs.10/- each |
Rs.20.000 Million |
|
|
Total |
|
Rs.170.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1692000 |
Equity Shares |
Rs.10/- each |
Rs.16.920
Million |
|
1960000 |
Preferences Shares |
Rs.10/- each |
Rs.19.600
Million |
|
|
Total |
|
Rs. 36.520 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 |
36.520 |
21.920 |
21.920 |
|
(b) Reserves & Surplus |
377.920 |
342.226 |
271.848 |
|
(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) |
414.440 |
364.146 |
293.768 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
125.743 |
185.991 |
134.609 |
|
(b) Deferred tax liabilities (Net) |
21.371 |
24.358 |
25.674 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
8.726 |
7.575 |
6.080 |
|
Total Non-current
Liabilities (3) |
155.840 |
217.924 |
166.363 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
506.573 |
213.760 |
494.962 |
|
(b) Trade payables |
552.580 |
287.435 |
727.526 |
|
(c) Other
current liabilities |
59.812 |
57.185 |
48.022 |
|
(d) Short-term
provisions |
3.635 |
4.786 |
4.148 |
|
Total Current
Liabilities (4) |
1122.600 |
563.166 |
1274.658 |
|
|
|
|
|
|
TOTAL |
1692.880 |
1145.236 |
1734.789 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
141.087 |
152.706 |
159.937 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
22.633 |
25.473 |
24.170 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.538 |
|
Total Non-Current
Assets |
163.720 |
178.179 |
184.645 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
534.700 |
215.011 |
367.946 |
|
(c) Trade
receivables |
618.561 |
385.078 |
640.615 |
|
(d) Cash
and cash equivalents |
150.496 |
183.483 |
403.760 |
|
(e)
Short-term loans and advances |
198.369 |
153.669 |
124.309 |
|
(f) Other
current assets |
27.034 |
29.816 |
13.514 |
|
Total
Current Assets |
1529.160 |
967.057 |
1550.144 |
|
|
|
|
|
|
TOTAL |
1692.880 |
1145.236 |
1734.789 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
3031.515 |
4591.148 |
3732.456 |
|
|
Other Income |
11.296 |
43.328 |
21.266 |
|
|
TOTAL |
3042.811 |
4634.476 |
3753.722 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of materials consumed |
2370.210 |
4034.519 |
3354.250 |
|
|
Purchases of stock-in-trade |
459.024 |
0.000 |
178.573 |
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(134.399) |
183.903 |
(133.305) |
|
|
Employee benefit expense |
37.850 |
36.521 |
31.728 |
|
|
Other Expenses |
156.522 |
172.682 |
174.375 |
|
|
TOTAL |
2889.207 |
4427.625 |
3605.621 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
153.604 |
206.851 |
148.101 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
83.789 |
92.043 |
61.242 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
69.815 |
114.808 |
86.859 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.410 |
13.058 |
11.341 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
57.405 |
101.750 |
75.518 |
|
|
|
|
|
|
|
Less |
TAX |
18.081 |
29.247 |
24.806 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
39.324 |
72.503 |
50.712 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
183.675 |
117.326 |
72.863 |
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
2.600 |
2.600 |
2.600 |
|
|
Proposed Dividend (Including Tax Thereon) |
0.516 |
3.531 |
3.531 |
|
|
Dividend on Preference Shares |
0.500 |
0.000 |
0.000 |
|
|
Dividend on Equity Shares |
2.538 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
216.845 |
183.675 |
117.326 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Export Earnings |
58.800 |
1018.200 |
461.700 |
|
|
TOTAL EARNINGS |
58.800 |
1018.200 |
461.700 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.77 |
42.51 |
29.63 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
37.362 |
35.240 |
15.499 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(207.488) |
76.870 |
(34.740) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.30 |
1.58 |
1.36 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.07 |
4.51 |
3.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.39 |
8.88 |
4.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.28 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.62 |
1.19 |
2.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.72 |
1.22 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.202 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
21.920 |
21.920 |
36.520 |
|
Reserves & Surplus |
271.848 |
342.226 |
377.920 |
|
Net worth |
293.768 |
364.146 |
414.440 |
|
|
|
|
|
|
long-term borrowings |
134.609 |
185.991 |
125.743 |
|
Short term borrowings |
494.962 |
213.760 |
506.573 |
|
Current Maturities of
Long Term Debt |
15.499 |
35.240 |
37.362 |
|
Total borrowings |
645.070 |
434.991 |
669.678 |
|
Debt/Equity ratio |
2.196 |
1.195 |
1.616 |
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 |
3732.456 |
4591.148 |
3031.515 |
|
|
|
23.006 |
(33.970) |
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 |
3732.456 |
4591.148 |
3031.515 |
|
Profit |
50.712 |
72.503 |
39.324 |
|
|
1.36% |
1.58% |
1.30% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
NOTE:
The Registered office of the company has been
shifted from, 402, Meridian Apartment, 3rd Wing, Veera Desai Road, Andheri
(West), Mumbai – 400058, Maharashtra, to the present address w.e.f. 01.04.2013
PERFORMANCE
The total Production of Copper Alloys, Coin Blanks, Strips and others Products during the year was 4355.72 MT as compared to 8346 MT during last year. The Sales and Profit after Tax is Rs.3359.043 Million and Rs.39.324 Million respectively as compared to Rs.5134.385 Million and Rs.72.503 Million during last year. Due to delay in obtaining the order from the India Govt. Mint, during the year the performance of the company was decrease as compared to previous year. However looking into order position in the current year the company is hopeful to continue to perform better in the Current year.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advance from directors |
12.596 |
55.938 |
|
Loans and advance from others |
77.894 |
54.174 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advance from others |
0.524 |
1.024 |
|
Total |
91.014 |
111.136 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10580514 |
28/05/2015 |
997,700.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA |
C59184903 |
|
2 |
10418496 |
27/02/2013 |
100,000,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
ONE FORBES, DR. V.
B. GANDHI MARG, FORT, MUMBAI - 400001, |
B72809668 |
|
3 |
10282765 |
26/03/2015 * |
2,555,000,000.00 |
UCO BANK CONSORTIUM |
TILAK NAGAR, GRAM PIPLIAHANA, INDORE - 452001, MADHYA PRADESH, INDIA |
C49624067 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Factory Building
·
Plant and Machinery
·
Scooter
·
Computer
·
Photo Copier
·
Laboratory Equipment
·
Dies and Moulds
·
Motor Cars
·
Fax
·
Office Equipment
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.66.09 |
|
|
1 |
Rs.100.88 |
|
Euro |
1 |
Rs.73.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
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 |
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 |
|
46 |
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.