MIRA INFORM REPORT
|
Report No. : |
343018 |
|
Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARAMOUNT LIMITED (w.e.f
26.10.1988) |
|
|
|
|
Formerly Known
As : |
PARAMOUNT POLLUTION CONTROL LIMITED |
|
|
|
|
Registered
Office : |
Paramount Complex, Near Natubhai Circle, Gotri Road, Race Course, Vadodara – 390007,
Gujarat, India |
|
Tel. No.: |
91-265-2397111 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.12.1976 |
|
|
|
|
Com. Reg. No.: |
04-002956 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120GJ1976PLC002956 |
|
|
|
|
IEC No.: |
0888001886 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
BRDP00998E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP6509P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is a multi-discipline engineering and consultancy organisation
which provides services from concept to construction and commissioning of
projects in water treatment, waste water treatment, air pollution control and
hazardous waste incineration, it also provides consultancy services in air
quality monitoring, environmental impact assessments and feasibility studies. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1976 having
moderate track. As per Registrar of Companies the date of balance sheet (i.e,
Financial Files) is shown as 31.03.2014 but the documents related to the
financial for the year 2014 and 2013 are not available from any sources. As per available financial od 2012, general financial position of the
company seems to be decent. Their trade relations are reported as fair. Business is active.
Payments are unknown. The company can be considered can be considered for business dealings
with caution in view non availability of latest financials. |
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 |
ICRA |
|
Rating |
Cash Credit Limit = BBB |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk |
|
Date |
June, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Letter Of Credit Limit = A3+ |
|
Rating Explanation |
Moderate degree of safety and carry higher
credit risk |
|
Date |
June, 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. Sushil Chakshi |
|
Designation : |
Commercial Department |
|
Contact No.: |
91-265-2397111 |
LOCATIONS
|
Registered Office/ Head Office : |
Paramount Complex, Near Natubhai Circle, Gotri Road, Race Course, Vadodara – 390007, Gujarat,
India |
|
Tel. No.: |
91-265-2397111 (7 Lines) |
|
Fax No.: |
91-265-2398251 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Mumbai Office: |
302, Champaklal industrial Estate, 105 Sion (East), Mumbai - 400022, Maharashtra, India |
|
Tel. No.: |
91-22-24073108, 24078105, 24071994 |
|
Fax No.: |
91- 22 -24078106 |
|
E-Mail : |
|
|
|
|
|
Regional 1 : |
B-1/26/1 D.D.A. Safdarjung Enclave, New Delhi - 110029,
India |
|
Tel. No.: |
91-11-26186525 |
|
Fax No.: |
91-11-26186369 |
|
E-Mail : |
|
|
|
|
|
Regional 2 : |
"Venkata Vijayam" Apartment, Flat No. 3, 2nd
Floor, 11th South Road (Old No. 9), West CIT Nagar, Chennai - 600035, |
|
Tel. No.:: |
91-44-24350272/
24350273 |
|
Fax No.: |
91-44-24340281 |
|
E-mail : |
|
|
|
|
|
Overseas Office: |
Refrigeration and Oxygen Limited, Area #1, Block #21 C, Central Slaughter
House street, Shuwaikh Industrial Area, P.O Box 501, Safat 13006, Kuwait |
|
Tel. No.: |
00965 844844 Extension 205 to 230 |
|
Fax No.: |
00965 24843020 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sandesh kumar jagannath anand |
|
Designation : |
Director |
|
Address : |
A/17, Chanakyapuri, New Sama Road, Vadodara - 390008, Gujarat, India |
|
Date of Appointment : |
23.01.2010 |
|
DIN No.: |
00001792 |
|
|
|
|
Name : |
Mr. Kewalkrishna Gurucharandas Tuli |
|
Designation : |
Director |
|
Address : |
76, Vishwas Colony, Alkapuri, Vadodara - 390005, Gujarat, India |
|
Date of Appointment : |
30.03.2004 |
|
DIN No.: |
00014349 |
|
|
|
|
Name : |
Mr. Anil Shreedhar Kane |
|
Designation : |
Director |
|
Address : |
A-15, Sahyog Society, Gorwa Road, Vadodara - 390016, Gujarat, India |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
00019394 |
|
|
|
|
Name : |
Mr. Samir Kewalkrishna Tuli |
|
Designation : |
Managing director |
|
Address : |
7, Square Park Society, Lions Hall Club, Old Padra Road, Vadodara - 390015, Gujarat, India |
|
Date of Appointment : |
15.04.2003 |
|
DIN No.: |
00082704 |
|
|
|
|
Name : |
Mr. Shyamsunder Khedkar |
|
Designation : |
Director |
|
Address : |
Ashirwad 148, Vinayak Society, Old Padra Road, Vadodara - 390020, Gujarat, India |
|
Date of Appointment : |
30.03.2004 |
|
DIN No.: |
00205355 |
|
|
|
|
Name : |
Mr. Rajat Kumar Dasgupta |
|
Designation : |
Director |
|
Address : |
1604, Eternia B Wing, 16th Floor, Hiranandani Gardens, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
01725758 |
|
|
|
|
Name : |
Mr. Dilip Ranjitbhai Shukla |
|
Designation : |
Managing director |
|
Address : |
B-26, Laxminarayan Society,, Gotri Road, Behind Mother School, Vadodara - 390021, Gujarat, India |
|
Date of Appointment : |
12.02.2015 |
|
DIN No.: |
07090195 |
KEY EXECUTIVES
|
Name : |
Mr. Sushil Chakshi |
|
Designation : |
Commercial Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Name
of Shareholders |
No.
of Shares |
%age
holding |
|
|
621100 |
41.41 |
|
|
420800 |
28.05 |
|
K K Tuli |
132000 |
8.80 |
|
Shivani Tuli |
1050 |
0.07 |
|
TuliPatel Investments Private Limited |
290000 |
19.33 |
|
Dr. Nita Mehta |
34000 |
2.27 |
|
Dr. Yatin Mehta |
1050 |
0.07 |
|
Total |
1,500,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
19.33 |
|
Directors or relatives of Directors |
80.67 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is a multi-discipline engineering and consultancy
organisation which provides services from concept to construction and
commissioning of projects in water treatment, waste water treatment, air
pollution control and hazardous waste incineration, it also provides
consultancy services in air quality monitoring, environmental impact
assessments and feasibility studies. |
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Products/Services : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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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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|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
V. Parekh and Associates Chartered Accountant |
|
Address : |
37, Hanuman Street, Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-2650264/2653555/2666219 |
|
Fax No.: |
91-22-2654370 |
|
PAN
No.: |
AAAFV0135F |
|
|
|
|
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 |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
15.000 |
15.000 |
|
(b) Reserves & Surplus |
|
300.955 |
244.249 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
315.955 |
259.249 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
53.016 |
53.232 |
|
(b) Deferred tax liabilities (Net) |
|
7.016 |
7.544 |
|
(c) Other long term
liabilities |
|
46.692 |
91.962 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
106.724 |
152.738 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
216.025 |
193.740 |
|
(b) Trade
payables |
|
187.823 |
336.891 |
|
(c) Other current
liabilities |
|
15.651 |
13.060 |
|
(d) Short-term
provisions |
|
57.089 |
78.826 |
|
Total Current
Liabilities (4) |
|
476.588 |
622.517 |
|
|
|
|
|
|
TOTAL |
|
899.267 |
1034.504 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
45.290 |
43.113 |
|
(ii)
Intangible Assets |
|
2.518 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
43.996 |
43.996 |
|
(b) Non-current Investments |
|
19.395 |
19.331 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
12.396 |
11.626 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
123.595 |
118.066 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
111.435 |
34.639 |
|
(c) Trade
receivables |
|
482.591 |
578.271 |
|
(d) Cash
and cash equivalents |
|
52.710 |
196.696 |
|
(e) Short-term
loans and advances |
|
128.936 |
106.832 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
775.672 |
916.438 |
|
|
|
|
|
|
TOTAL |
|
899.267 |
1034.504 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
185.057 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
200.057 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
95.265 |
|
|
2] Unsecured Loans |
|
|
51.937 |
|
|
TOTAL BORROWING |
|
|
147.202 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
347.259 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
79.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
19.285 |
|
|
DEFERRED TAX ASSETS |
|
|
(6.593) |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
28.962
|
|
|
Sundry Debtors |
|
|
192.606
|
|
|
Cash & Bank Balances |
|
|
93.032
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
80.207
|
|
Total
Current Assets |
|
|
394.807 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
80.546
|
|
|
Other Current Liabilities |
|
|
34.438
|
|
|
Provisions |
|
|
24.256
|
|
Total
Current Liabilities |
|
|
139.240 |
|
|
Net Current Assets |
|
|
255.567 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
347.259 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
1246.220 |
1148.192 |
404.816 |
|
|
Other Income |
7.291 |
4.968 |
8.004 |
|
|
TOTAL
|
1253.511 |
1153.160 |
412.820 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
0.000 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(76.796) |
(5.676) |
|
|
|
Employees benefits expense |
92.272 |
77.169 |
|
|
|
Other expenses |
1116.024 |
952.775 |
|
|
|
TOTAL
|
1131.500 |
1024.268 |
373.939 Including
Expense and Financial |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
122.011 |
128.892 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
28.120 |
25.049 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
93.891 |
103.843 |
38.881 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
3.226 |
2.873 |
2.102 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
90.665 |
100.970 |
36.779 |
|
|
|
|
|
|
|
Less |
TAX |
30.472 |
38.281 |
12.664 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
60.193 |
62.689 |
24.115 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
29.248 |
5.057 |
2.697 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
35.000 |
35.000 |
20.000 |
|
|
Proposed Dividend |
3.000 |
3.000 |
1.500 |
|
|
Corporate Tax on Dividend |
0.486 |
0.498 |
0.255 |
|
|
Total
|
38.486 |
38.498 |
21.755 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
50.955 |
29.248 |
5.057 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
40.12 |
41.79 |
16.07 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
1.335 |
1.335 |
N.A |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flows from (used in) operations |
(109.638) |
70.266 |
N.A |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.83 |
5.46 |
5.96 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.79 |
11.23 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.85 |
10.40 |
7.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.39 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.86 |
0.96 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63 |
1.47 |
2.07 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
15.000 |
15.000 |
|
Reserves & Surplus |
244.249 |
300.955 |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
|
Net
worth |
259.249 |
315.955 |
|
|
|
|
|
long-term borrowings |
53.232 |
53.016 |
|
Short term borrowings |
193.740 |
216.025 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
1.335 |
1.335 |
|
Total
borrowings |
248.307 |
270.376 |
|
Debt/Equity
ratio |
0.958 |
0.856 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
404.816 |
1148.192 |
1246.220 |
|
|
|
183.633 |
8.538 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
404.816 |
1148.192 |
1246.220 |
|
Profit |
24.115 |
62.689 |
60.193 |
|
|
5.96% |
5.46% |
4.83% |
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 |
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 |
No |
|
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWING |
|
|
|
Loans and Advance from Directors
|
21.291 |
43.857 |
|
Loans and Advance from Other |
0.863 |
0.865 |
|
Other Loans and Advance |
29.842 |
6.498 |
|
SHORT TERM
BORROWING |
|
|
|
Other Loans and advance |
5.886 |
0.000 |
|
Total |
57.882 |
51.220 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10488901 |
10/04/2014 |
2,000,000.00 |
INDIAN OVERSEAS
BANK |
INDIAN OVERSEAS
BANK, NEAR MANDVI, VADODARA- 390006, GUJARAT, INDIA |
C02756203 |
|
2 |
10151728 |
20/03/2009 |
5,000,000.00 |
INDIAN OVERSEAS
BANK |
MEHTA POLE BRANCH,,
BANK ROAD , NEAR MANDVI, VADODARA- 390006, GUJARAT, INDIA |
A60308111 |
|
3 |
90096946 |
22/12/2012 * |
1,431,800,000.00 |
INDIAN OVERSEAS
BANK |
MEHTA POLE
BRANCH,, MEHTA POLE, NEAR MANDVI, VADODARA - 390006, GUJARAT, INDIA |
B65483703 |
|
4 |
90102432 |
02/02/2013 * |
1,431,800,000.00 |
INDIAN OVERSEAS
BANK |
MEHTA POLE
BRANCH, BANK ROAD, MANDVI, VADODARA - 390006, |
B68157734 |
FIXED ASSETS
- Land
- Building
- Factory Building
- Plant and Machinery
- Vehicles
- Furniture and Fixtures
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.66.18 |
|
|
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.73.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.