MIRA INFORM REPORT

 

 

Report No. :

493263

Report Date :

22.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

LEADER VALVES LIMITED (w.e.f.08.06.1979)

 

 

Formerly known as:

NETRO WHEEL TYRES PRIVATE LIMITED

 

 

Registered Office :

S-3, S-4, Industrial Town, Jalandhar-144004, Punjab

Tel. No.:

91-181-2490666/ 2490777/ 2490888

 

 

Country :

India

 

 

Financials (as on) :

31.03.2017

 

 

Date of Incorporation :

29.12.1979

 

 

Com. Reg. No.:

16-003792

 

 

Capital Investment / Paid-up Capital :

INR 18.637 Million

 

 

CIN No.:

[Company Identification No.]

U29120PB1979PLC003792

 

 

IEC No.:

[Import-Export Code No.]

Not Divulged

 

 

TIN No:

03101106768

 

 

GSTN :

[Goods & Service Tax Registration No.]

03AAACL2362H1ZY

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACL2362H

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

The business of manufacturer and dealer, importer, exporters of all kinds of valves, cocks, boiler, mountings, all kinds of pipe fitting for water steam and air etc. (Registered activity and also confirmed by management)

 

 

No. of Employees :

1200 (Approximately)

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

A

 

Credit Rating

Explanation

Rating Comments

A

Acceptable Risk

Business dealings permissible with moderate risk of default

 

Status :

Good

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Exist

 

 

Comments :

Subject was incorporated in the year 1979. It is a manufacturer of industrial valves, cocks, boiler mounting and forge fittings.

 

Subject’s clients include, Reliance Industries Limited, BHEL, ONGC, Indian Oil, Samsung, Voltas Limited, Tata Steel, L&T, Shapoorji Pallonji, Ranbaxy Laboratories Limited, HP, NTPC, etc.

 

As per the financial records of 2017, the company has achieved a favourable growth of 26.85% in its revenue as compared to the previous year’s revenue and has reported an average profitability margin of 2.43%.

 

Rating takes into consideration the company’s long established track record and healthy financial position marked by above average net worth base.

 

Business is active. Payments are reported to be usually correct.

 

In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition.

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

CRISIL

Rating

Long Term Loans=BBB-

Rating Explanation

Moderate degree of safety and moderate credit risk.

Date

11.01.2017

 

Rating Agency Name

CRISIL

Rating

Short Term Loans=A3

Rating Explanation

Moderate degree of safety and higher credit risk.

Date

11.01.2017

 

 

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 31-03-2016.

 

BIFR (Board for Industrial & Financial Reconstruction) LISTING STATUS

 

Subject’s name is not listed as a Sick Unit in the publicly available BIFR (Board for Industrial & Financial Reconstruction) list as of 21.02.2018

 

IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS

 

Subject’s name is not listed in the publicly available IBBI (Insolvency and Bankruptcy Board of India) list as of report date.

 

INFORMATION PARTED BY

 

Name :

Mr. Jitender

Designation :

Senior Accountant

Contact No.:

91-181-2490666

Date :

20.02.2018

 

 

LOCATIONS

 

Registered Office/Factory :

S-3, S-4, Industrial Town, Jalandhar-144004, Punjab, India

Tel. No.:

91-181-2490666/ 2490777/ 2490888

Fax No.:

91-181-2290894/ 2294256

E-Mail :

info@leadervalves.com

anujoffice2000@yahoo.com

Website :

www.leadervalves.com

 

 

Branch Office 1 :

S-2, Wilsons Adobe, Plot No.20, Jai Balaji Nagar Annex, Nesapakkam, Chennai – 600078, Tamilnadu, India

 

Branch Office :

Located  At

 

  • Delhi
  • Coimbatore
  • Mumbai 
  • Kochi
  • Chennai

 

 

DIRECTORS

 

AS ON 31.03.2017

 

Name :

Mrs. Purnima Beri

 

Designation :

Managing Director

 

Address :

334, Lajpat Nagar, Jalandhar – 144001, Punjab, India

 

Date of Birth/Age :

13.10.1949

 

Date of Appointment :

31.12.2015

 

DIN No.:

01201488

 

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U67120PB1988PTC008431

P N BERRY INVESTMENTS PVT LTD

27/05/1988

-

U34300PB1995PTC016039

LEADER HIGH PRESSURE FITTINGS INDIA PRIVATE LIMITED

15/03/1995

-

U28939PB1995PTC016795

B.M. T SAND COATINGS AND ENGINEERING PRIVATE LIMITED

19/07/1995

-

 

 

 

 

Name :

Mrs. Ambika Beri

 

Designation :

Whole-time Director

 

Address :

334, Lajpat Nagar, Jalandhar – 144001, Punjab, India

 

Date of Birth/Age :

22.02.1970

 

Date of Appointment :

01.06.1997

 

DIN No.:

01201417

 

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U67120PB1988PTC008431

P N BERRY INVESTMENTS PVT LTD

11/08/1999

-

U28939PB1995PTC016795

B.M. T SAND COATINGS AND ENGINEERING PRIVATE LIMITED

18/07/1997

-

 

 

 

 

Name :

Mrs. Ayushi Beri

 

Designation :

Whole-time Director

 

Address :

334, Lajpat Nagar, Jalandhar – 144001, Punjab, India

 

Date of Birth/Age :

22.01.1973

 

Date of Appointment :

06.11.1998

 

DIN No.:

01201457

 

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U67120PB1988PTC008431

P N BERRY INVESTMENTS PVT LTD

11/08/1999

-

U28939PB1995PTC016795

B.M. T SAND COATINGS AND ENGINEERING PRIVATE LIMITED

18/07/1995

-

 

 

 

 

Name :

Mr. Hemant Beri

 

Designation :

Whole-time Director

 

Address :

334, Lajpat Nagar, Jalandhar – 144001, Punjab, India

 

Date of Birth/Age :

26.02.1972

 

Date of Appointment :

31.08.2015

 

DIN No.:

01201529

 

Other Directorship:

CIN/FCRN

COMPANY NAME

BEGIN DATE

END DATE

U67120PB1988PTC008431

P N BERRY INVESTMENTS PVT LTD

11/08/1999

-

U34300PB1995PTC016039

LEADER HIGH PRESSURE FITTINGS INDIA PRIVATE LIMITED

15/03/2007

-

U28939PB1995PTC016795

B.M. T SAND COATINGS AND ENGINEERING PRIVATE LIMITED

18/07/1995

-

 

 

 

 

Name :

Mr. Sudershan Lal Bajaj

 

Designation :

Director

 

Address :

321, Shaheed Udham Singh Nagar, Jalandhar – 144001, Punjab, India

 

Date of Birth/Age :

02.06.1941

 

Date of Appointment :

22.08.2005

 

DIN No.:

01599263

 

 

 

 

Name :

Mr. Jeydev Beri

Designation :

Director

Address :

H. No. 334, Lajpat Rai Nagar, Ward No. 24,34, Jalandhar – 144001, Punjab, India

Date of Birth/Age :

08.03.1996

Date of Appointment :

25.03.2014

DIN No.:

06898365

 

 

KEY EXECUTIVES

 

Name :

Mr. Jitender

Designation :

Senior Accountant

 

 

MAJOR SHAREHOLDERS

 

AS ON 31.03.2017

 

Names of Shareholders

 

No. of Shares

Purnima Beri and Others

 

770167

Hemant Beri and Others

 

725312

Ayushi Beri and Others

 

140345

Ambika Beri and Others

 

106178

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 29.09.2017

 

Category

Percentage

Promoters- Individual/Hindu Undivided Family- Indian

95.14

Promoters- Body corporate

4.86

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

The business of manufacturer and dealer, importer, exporters of all kinds of valves, cocks, boiler, mountings, all kinds of pipe fitting for water steam and air etc. (Registered activity and also confirmed by management)

 

 

Products / Services :

Name and Description of main products / services

NIC Code of the Product/service

Carry on the business of manufacturer and dealer, importer, exporters of all kinds of valves, cocks, boiler, mountings, all kinds of pipe fitting for water steam and air etc.

29120

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged 

 

 

Imports :

Not Divulged 

 

 

Terms :

Selling :

Cash, L/C, Credit (30/60 Days)

 

 

Purchasing :

Cash, L/C, Credit (30/60 Days)

 

PRODUCTION STATUS – (NOT AVAILABLE)

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

Customers :

(As per indirect source)

Wholesalers, Retailers, End Users

  • Reliance Industries Limited
  • BHEL
  • ONGC
  • Indian Oil
  • Samsung
  • Voltas Limited
  • Tata Steel
  • L&T
  • Shapoorji Pallonji
  • Ranbaxy Laboratories Limited
  • HP

Reference :

NTPC

Name of the Person :

--

Contact No.:

--

Since How Long Known :

--

Maximum Limit Dealt :

--

Experience :

--

Remark:

--

 

 

No. of Employees :

1200 (Approximately)

 

 

Bankers :

Banker Name :

Punjab National Bank

Branch :

Old Railway Road, Jalandhar – 144001, Punjab, India

Person Name (With Designation) :

--

Contact Number :

91-181-2223781

Name of Account Holder :

--

Account Number :

--

Account Since (Date/Year of Account Opening) :

--

Average Balance Maintained :

--

Credit Facilities Enjoyed (CC/OD/Term Loan) :

--

Account Operation :

--

Remark :

Continuously Ringing

 

 

Auditors :

 

Name :

 V.P. Vijh and Company

Chartered Accountant

Address :

1st and 2nd Floor, K.K. Tower, Opposite Circuit House, Jalandhar- 144001, Punjab, India

Tel. No.:

91-181-2220922/ 2452202/ 4622922

Fax No.:

91-181-22311447

E-Mail :

sandeepvijh3@gmail.com

vikramvijh@hotmail.com

Income-tax PAN of auditor or auditor's firm :

AABHV1419B

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates:

·         Leaders Export

·         Leader High Pressure Fittings India Private Limited

       (U34300PB1995PTC016039)

·         B.M.T Sand Coatings and Engineering Private Limited (CIN No.: (U28939PB1995PTC016795)

·         P N Berry Investments Private Limited

       (U67120PB1988PTC008431)

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2017

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2000000

Equity Shares

INR 10/- each

INR 20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1863690

Equity Shares

INR 10/- each

INR 18.637 Million

 

 

 

 

 

 

FINANCIAL DATA

[all figures are INR Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2017

31.03.2016

31.03.2015

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

18.637

18.637

18.637

(b) Reserves & Surplus

416.800

400.781

415.797

(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)

435.437

419.418

434.434

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

23.224

23.619

22.203

(b) Deferred tax liabilities (Net)

7.069

9.479

18.443

(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)

30.293

33.098

40.646

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

80.046

60.942

81.355

(c) Other current liabilities

73.501

86.110

80.616

(d) Short-term provisions

8.877

16.018

34.618

Total Current Liabilities (4)

162.424

163.070

196.589

 

 

 

 

TOTAL

628.154

615.586

671.669

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

 

178.250

174.215

(ii) Intangible Assets

171.944

0.591

0.747

(iii) Capital work-in-progress

0.412

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.783

0.783

0.783

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

4.600

4.846

5.317

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

177.739

184.470

181.062

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

33.550

25.000

0.000

(b) Inventories

144.951

171.123

176.479

(c) Trade receivables

183.839

154.077

211.973

(d) Cash and cash equivalents

33.436

18.183

28.371

(e) Short-term loans and advances

54.639

62.733

73.784

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

450.415

431.116

490.607

 

 

 

 

TOTAL

628.154

615.586

671.669

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2017

31.03.2016

31.03.2015

 

SALES

 

 

 

 

Income

660.337

520.569

647.966

 

Other Income

3.682

3.527

5.748

 

TOTAL

664.019

524.096

653.714

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

155.156

118.193

201.667

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

54.296

47.534

46.609

 

Employees benefits expense

164.956

154.761

156.089

 

Exceptional item

(7.456)

(2.327)

(41.321)

 

Other expenses

262.520

209.086

247.594

 

TOTAL

629.472

527.247

610.638

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

34.547

(3.151)

43.076

 

 

 

 

 

Less

FINANCIAL EXPENSES

7.491

5.400

5.320

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

27.056

(8.551)

37.756

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

13.379

15.456

23.629

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

13.677

(24.007)

14.127

 

 

 

 

 

Less

TAX

(2.341)

(8.991)

6.778

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

16.018

(15.016)

7.349

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

F.O.B. Value of Exports

0.000

0.578

9.326

 

TOTAL EARNINGS

0.000

0.578

9.326

 

 

 

 

 

 

IMPORTS

 

 

 

 

Plant and Machinery

1.452

5.237

8.394

 

Spare parts for repair of Plant and machinery

1.096

0.541

0.076

 

Stores, Spares and Semi finished goods

21.614

32.354

31.047

 

TOTAL IMPORTS

24.162

38.132

39.517

 

 

 

 

 

 

Earnings / (Loss) Per Share (INR)

8.59

(8.06)

3.94

 

Expected Sales (2017-2018): INR 700.000 Million

 

The above information has been parted by Mr. Jitender (Senior Accountant)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2017

31.03.2016

31.03.2015

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

27.671

40.069

(5.025)

Net cash flows from (used in) operations

34.736

34.457

(16.583)

 

 

KEY RATIOS

 

EFFICIENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Average Collection Days

(Sundry Debtors / Income * 365 Days)

101.62

108.03

119.40

 

 

 

 

Account Receivables Turnover

(Income / Sundry Debtors)

3.59

3.38

3.06

 

 

 

 

Average Payment Days

(Sundry Creditors / Purchases * 365 Days)

188.31

188.20

147.25

 

 

 

 

Inventory Turnover

(Operating Income / Inventories)

0.24

(0.02)

0.24

 

 

 

 

Asset Turnover

(Operating Income / Net Fixed Assets)

0.20

(0.02)

0.25

 

LEVERAGE RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Debt Ratio

((Borrowing + Current Liabilities) / Total Assets)

0.30

0.30

0.33

 

 

 

 

Debt Equity Ratio

(Total Liability / Networth)

0.05

0.06

0.05

 

 

 

 

Current Liabilities to Networth

(Current Liabilities / Net Worth)

0.37

0.39

0.45

 

 

 

 

Fixed Assets to Networth

(Net Fixed Assets / Networth)

0.40

0.43

0.40

 

 

 

 

Interest Coverage Ratio

(PBIT / Financial Charges)

4.61

(0.58)

8.10

 

PROFITABILITY RATIOS

 

PARTICULARS

 

 

31.03.2017

31.03.2016

31.03.2015

Net Profit Margin

((PAT / Sales) * 100)

%

2.43

(2.88)

1.13

 

 

 

 

 

Return on Total Assets

((PAT / Total Assets) * 100)

%

2.55

(2.44)

1.09

 

 

 

 

 

Return on Investment (ROI)

((PAT / Networth) * 100)

%

3.68

(3.58)

1.69

 

SOLVENCY RATIOS

 

PARTICULARS

 

31.03.2017

31.03.2016

31.03.2015

Current Ratio

(Current Assets / Current Liabilities)

2.77

2.64

2.50

 

 

 

 

Quick Ratio

((Current Assets – Inventories) / Current Liabilities)

1.88

1.59

1.60

 

 

 

 

G-Score Ratio Financial

(Networth / Total Assets)

0.69

0.68

0.65

 

 

 

 

G-Score Ratio Debt

(Debts / Equity Capital)

1.25

1.27

1.19

 

 

 

 

G-Score Ratio Liquidity

(Total Current Assets / Total Current Liabilities)

2.77

2.64

2.50

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

FINANCIAL ANALYSIS

[all figures are INR Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Share Capital

18.637

18.637

18.637

Reserves & Surplus

415.797

400.781

416.800

Net worth

434.434

419.418

435.437

 

 

 

 

long-term borrowings

22.203

23.619

23.224

Short term borrowings

0.000

0.000

0.000

Total borrowings

22.203

23.619

23.224

Debt/Equity ratio

0.051

0.056

0.053

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

647.966

520.569

660.337

 

 

(19.661)

26.849

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2015

31.03.2016

31.03.2017

 

INR In Million

INR In Million

INR In Million

Sales

647.966

520.569

660.337

Profit/(Loss)

7.349

(15.016)

16.018

 

1.13%

(2.88)%

2.43%

 

 

 

 

 

 

 

LEGAL CASE

 

http://54.234.29.250/ferretops/mirascreenshots/59faa67ed4e376655000010959faa6c1d4e376025100ec19.jpg

 

 

 

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

Yes

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

Yes

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

Yes

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOANS:

 

Particulars

31.03.2017

INR In Million

31.03.2016

INR In Million

LONG TERM BORROWINGS

 

 

From Directors

14.155

14.500

Other Deposits-Dealers/Others

9.069

9.119

Total

23.224

23.619

 

 

INDEX OF CHARGE:

 

SNO

SRN

CHARGE ID

CHARGE HOLDER NAME

DATE OF CREATION

DATE OF MODIFICATION

DATE OF SATISFACTION

AMOUNT

ADDRESS

1

G45182979

10266098

PUNJAB NATIONAL BANK

21/01/2011

12/05/2017

-

293500000.0

OLD RAILWAY ROADJALANDHARPB144001IN

2

B05745120

10048909

PUNJAB NATIONAL BANK

10/03/2007

21/01/2011

-

24200000.0

OLD RAILWAY ROAD.JALANDHARPB144001IN

3

G45312261

10048910

PUNJAB NATIONAL BANK

10/03/2007

11/05/2017

-

293500000.0

OLD RAILWAY ROADJALANDHARPB144001IN

4

B05745591

80048011

PUNJAB NATIONAL BANK

23/06/2006

20/01/2011

-

120000000.0

OLD RAILWAY ROAD.JALANDHARPB144001IN

5

B05748389

80048008

PUNJAB NATIONAL BANK

23/06/2006

20/01/2011

-

110000000.0

OLD RAILWAY ROAD.JALANDHARPB144001IN

6

C40791758

90181044

THE ORIENTAL BANK OF COMMERCE

20/05/1979

-

24/12/2014

500000.0

G.T. ROADJULLUNDURPBIN

7

C40793226

90181041

ORIENTAL BANK OF COMMERCE LTD.

27/01/1979

-

24/12/2014

324000.0

G.T. ROADJULLUNDURPBIN

8

B06007751

80048009

PUNJAB NATIONAL BANK

23/06/2006

07/03/2009

16/02/2011

185131000.0

OLD RAILWAY ROAD.JALANDHARPB144001IN

9

B06007959

80048010

PUNJAB NATIONAL BANK

23/06/2006

-

16/02/2011

11500000.0

OLD RAILAWAY ROADJALANDHAR CITYPB144001IN

10

B06007504

80048007

PUNJAB NATIONAL BANK

24/06/2006

-

16/02/2011

244196000.0

OLD RAILWAY ROADJALANDHAR CITYPB144001IN

 

 

FIXED ASSETS:

 

  • Land
  • Building
  • Plant and Machinery
  • Computer Software
  • Vehicles
  • Office Equipments
  • 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, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No records 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

INR

US Dollar

1

INR 64.52

UK Pound

1

INR 90.12

Euro

1

INR 79.85

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRI

 

 

Analysis Done by :

NIY

 

 

Report Prepared by :

NKTS

 

 

SCORE FACTORS

 

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

YES

--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

 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.