|
|
|
MIRA INFORM REPORT
|
Report No. : |
483946 |
|
Report Date : |
02.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
SHOE TECNIK INTERNATIONAL CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
C-2/20, Safdarjung Development Area, New Delhi-110016 |
|
Mobile No.: |
91-9811151241 (Mr. Rehan) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
18.12.1998 |
|
|
|
|
Com. Reg. No.: |
55-105190 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 168.180 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1998PLC105190 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
GSTIN No.: |
Not Available |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAECS4253L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer and Exporter of Leather Shoes. [Registered Activity] |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
B |
|
Credit Rating |
Explanation |
Rating Comments |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
Maximum Credit Limit : |
USD 440300 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company incorporated in the year 1998 and it
is having moderate track. For the financial year 2017, the company registered decrease in its revenue
from operation as compared to previous year and reported losses. Further, rating is constrained on account of negative reserves,
sharply declined in the revenue profile, modest liquidity position and
intensely competitive nature of the industry. However, rating weakness is partially offset by adequate capital
structure along with average debt balance sheet. Trade relations are reported to be fair. Business is active. Payment
terms are slow but correct. The company can be considered for business dealings with some caution.
|
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 (30.06.2017) |
Current Rating (30.09.2017) |
|
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
NOT AVAILABLE
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 02.01.2018.
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.
LOCATIONS
|
Registered Office : |
C-2/20, Safdarjung Development Area, New Delhi-110016, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9811151241 (Mr. Rehan) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Head Office: |
A-11, Sector VIII, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4575380/ 4575381/ 4575382/ 4575383 |
|
Fax No.: |
91-120-4575386 |
DIRECTORS
AS ON 31.03.2017
|
Name : |
Mr. Mohd Shahin Sheikh |
||||||||||||||||||||
|
Designation : |
Whole-time Director |
||||||||||||||||||||
|
Address : |
C-2/20, Safdarjung Development Area, New Delhi-110016, India |
||||||||||||||||||||
|
Date of Birth/Age : |
17.07.1954 |
||||||||||||||||||||
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Qualification : |
Graduate |
||||||||||||||||||||
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Date of Appointment : |
18.12.1998 |
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PAN No.: |
AODPS1708L |
||||||||||||||||||||
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DIN No.: |
00411954 |
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Other Directorship:
|
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|
||||||||||||||||||||
|
Name : |
Mr. Mohd Khalid |
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|
Designation : |
Whole-time Director |
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|
Address : |
7/164, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1958 |
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Qualification : |
Graduate |
||||||||||||||||||||
|
Date of Appointment : |
18.12.1998 |
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PAN No.: |
AAYPK6110B |
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DIN No.: |
00454782 |
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Other Directorship:
|
|||||||||||||||||||||
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|
||||||||||||||||||||
|
Name : |
Mr. Mohammad Shahid Sheikh |
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|
Designation : |
Whole-time Director |
||||||||||||||||||||
|
Address : |
7/164, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
||||||||||||||||||||
|
Date of Birth/Age : |
16.02.1949 |
||||||||||||||||||||
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Qualification : |
Graduate |
||||||||||||||||||||
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Date of Appointment : |
01.07.2002 |
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DIN No.: |
00454844 |
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Other Directorship:
|
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|
||||||||||||||||||||
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Name : |
Mr. Mohd Shakir |
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Designation : |
Whole-time Director |
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Address : |
7373, Quresh Nagar, Delhi-110006, India |
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Date of Birth/Age : |
24.01.1950 |
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Qualification : |
Graduate |
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Date of Appointment : |
18.12.1998 |
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PAN No.: |
AODPS1730E |
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DIN No.: |
00455019 |
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Other Directorship:
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|
||||||||||||||||||||
|
Name : |
Mr. Mohd Shakeel |
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Designation : |
Director |
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|
Address : |
7/164, Swaroop Nagar, Kanpur-208002, Uttar Pradesh, India |
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Date of Birth/Age : |
10.03.1952 |
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Qualification : |
Graduate |
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Date of Appointment : |
01.03.2001 |
||||||||||||||||||||
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PAN No.: |
AODPS1703B |
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DIN No.: |
00942849 |
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Other Directorship:
|
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|
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|
Name : |
Mr. Captain Ali |
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Designation : |
Director |
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|
Address : |
G-93, Sector-41, G.B. Nagar, Noida – 201303, Uttar Pradesh, India |
||||||||||||||||||||
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Date of Birth/Age : |
01.08.1968 |
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Qualification: |
Graduate |
||||||||||||||||||||
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Date of Appointment : |
01.02.2016 |
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PAN No.: |
AEWPA8077P |
||||||||||||||||||||
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DIN No.: |
07361752 |
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Other Directorship:
|
|||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Mohd Shahin Sheikh |
|
4268461 |
|
Mohd Shakir Sheikh |
|
2788461 |
|
Mohd Khalid Sheikh |
|
2338461 |
|
Anisa Begum |
|
2560000 |
|
Irfana Shahid |
|
2400000 |
|
Hamza Sheikh |
|
1280000 |
|
Mohd Shakil Sheikh |
|
296461 |
|
Smt. Zeenat Begum |
|
240000 |
|
Mohd. Shahid Sheikh |
|
258461 |
|
Mohd. Sajid Sheikh |
|
258461 |
|
Insiya Sheikh |
|
129234 |
|
Total |
|
16818000 |
AS ON 30.09.2017
|
Equity Share
Break up |
Percentage |
|
Category |
|
|
Promoters – [Individual/Hindu Undivided Family – Indian] |
90.08 |
|
Public/Other than promoters - [Individual/Hindu Undivided Family – Indian] |
9.92 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Leather Shoes. [Registered Activity] |
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Products / Services
: |
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||||
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||||
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Brand Names : |
Not Available |
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||||
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Agencies Held : |
Not Available |
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||||
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Exports : |
Not Available |
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|
||||
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Imports : |
Not Available |
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|
|
|
||||
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Terms : |
Not Available |
PRODUCTION STATUS – (NOT AVAILABLE)
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
|
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Auditors : |
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|
Name : |
L. N Malik and Company Chartered Accountants |
|
Address : |
Ganga Plaza, 18/13, W.E.A, Pusa Lane Road, Karol Bagh, New Delhi - 110005, India |
|
PAN No.: |
AABFL2166P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
INR 10/- each |
INR 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16818000 |
Equity Shares |
INR 10/- each |
INR 168.180 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 |
168.180 |
168.180 |
168.180 |
|
(b) Reserves and Surplus |
-14.076 |
4.355 |
1.823 |
|
(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) |
154.104 |
172.535 |
170.003 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
142.870 |
140.675 |
135.292 |
|
(b) Trade
payables |
78.062 |
70.305 |
80.099 |
|
(c) Other
current liabilities |
8.586 |
9.219 |
9.534 |
|
(d) Short-term
provisions |
1.012 |
1.399 |
1.566 |
|
Total Current
Liabilities (4) |
230.530 |
221.598 |
226.491 |
|
|
|
|
|
|
TOTAL |
384.634 |
394.133 |
396.494 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
50.738 |
57.724 |
60.762 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
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 |
3.718 |
|
(c) Deferred tax assets (net) |
2.299 |
1.645 |
0.809 |
|
(d)
Long-term loans and advances |
17.142 |
16.963 |
12.672 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
70.179 |
76.332 |
77.961 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
249.535 |
234.183 |
216.798 |
|
(c) Trade
receivables |
40.534 |
43.647 |
55.487 |
|
(d) Cash and
bank balances |
2.931 |
6.329 |
5.120 |
|
(e) Short-term
loans and advances |
9.672 |
14.869 |
11.724 |
|
(f) Other
current assets |
11.783 |
18.773 |
29.404 |
|
Total
Current Assets |
314.455 |
317.801 |
318.533 |
|
|
|
|
|
|
TOTAL |
384.634 |
394.133 |
396.494 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
157.979 |
305.744 |
338.485 |
|
|
Other Income |
35.073 |
37.889 |
43.271 |
|
|
TOTAL |
193.052 |
343.633 |
381.756 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
139.739 |
234.764 |
258.487 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.310) |
(7.362) |
0.322 |
|
|
Employee benefit expense |
30.990 |
50.601 |
46.682 |
|
|
Other expenses |
27.825 |
46.683 |
55.478 |
|
|
TOTAL |
198.245 |
324.686 |
360.968 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(5.192) |
18.947 |
20.787 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
7.542 |
7.669 |
9.034 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(12.734) |
11.278 |
11.753 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
6.296 |
9.582 |
9.655 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(19.030) |
1.696 |
2.098 |
|
|
|
|
|
|
|
Less |
TAX |
(0.655) |
(0.835) |
(0.437) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(18.375) |
2.531 |
2.535 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
152.419 |
295.019 |
327.584 |
|
|
TOTAL EARNINGS |
152.419 |
295.019 |
327.584 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
43.212 |
67.313 |
79.252 |
|
|
TOTAL IMPORTS |
43.212 |
67.313 |
79.252 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
(1.09) |
0.15 |
0.15 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Net cash flows from (used in) operations |
(11.757) |
(11.504) |
(11.504) |
|
Net cash flows from (used in) operating activities |
(12.253) |
(12.004) |
(12.004) |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days [Sundry Debtors / Income *
365] |
93.65 |
52.11 |
59.83 |
|
|
|
|
|
|
Account Receivables Turnover [Income / Sunday Debtors] |
3.90 |
7.00 |
6.10 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
203.90 |
109.31 |
113.10 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
(0.02) |
0.08 |
0.10 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
(0.10) |
0.33 |
0.34 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.60 |
0.56 |
0.57 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
0.93 |
0.82 |
0.80 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
1.50 |
1.28 |
1.33 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
0.33 |
0.33 |
0.36 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
(0.69) |
2.47 |
2.30 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT / Sales) * 100) |
% |
(11.63) |
0.83 |
0.75 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
(4.78) |
0.64 |
0.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
(11.92) |
1.47 |
1.49 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
1.36 |
1.43 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.28 |
0.38 |
0.45 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.40 |
0.44 |
0.43 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
0.85 |
0.84 |
0.80 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
1.36 |
1.43 |
1.41 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in 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 |
168.180 |
168.180 |
168.180 |
|
Reserves & Surplus |
1.823 |
4.355 |
(14.076) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
170.003 |
172.535 |
154.104 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
135.292 |
140.675 |
142.870 |
|
Current maturities of
long-term debts |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
135.292 |
140.675 |
142.870 |
|
Debt/Equity
ratio |
0.796 |
0.815 |
0.927 |
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 |
338.485 |
305.744 |
157.979 |
|
|
|
(9.673) |
(48.330) |
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 |
338.485 |
305.744 |
157.979 |
|
Profit/ (Loss) |
2.535 |
2.531 |
(18.375) |
|
|
0.75% |
0.83% |
(11.63%) |
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 |
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 |
No |
|
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 E-401, Nagarjuna Apartment Group Housing Society, Plot No 1A-A,
Chilla Regulator, Delhi, India to the present
address w.e.f. 18.12.2006.
UNSECURED LOANS:
|
Particulars |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
SHORT-TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
69.396 |
65.571 |
|
Loans taken for fixed assets |
5.081 |
6.213 |
|
Total |
74.477 |
71.784 |
INDEX OF CHARGE:
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
C57104218 |
10576273 |
PUNJAB NATIONAL BANK |
03/06/2015 |
- |
- |
3980000.0 |
RETAIL ASSETS BRANCH, GRUDWARA ROAD, KAROL BAGH, DELHI – 110005, INDIA |
|
2 |
C50607878 |
10562846 |
PUNJAB NATIONAL BANK |
31/03/2015 |
- |
- |
1500000.0 |
RETAIL ASSETS BRANCH, GRUDWARA ROAD, KAROL BAGH, DELHI – 110005, INDIA |
|
3 |
C50607753 |
10562848 |
PUNJAB NATIONAL BANK |
31/03/2015 |
- |
- |
1500000.0 |
RETAIL ASSETS BRANCH, GRUDWARA ROAD, KAROL BAGH, DELHI – 110005, INDIA |
|
4 |
B32261414 |
10032764 |
ALLAHABAD BANK |
20/12/2006 |
08/12/2011 |
- |
105000000.0 |
MAIN BRANCH, THE MALL, KANPUR, MAIN BRANCH, THE MALL, KANPUR, KANPUR – 208001, UTTAR PRDAESH, INDIA |
|
5 |
Y10134610 |
90054515 |
THE ALLAHABAD BANK |
27/04/2002 |
- |
- |
56800000.0 |
THE MALL, KANPUR, UTTAR PRDAESH, INDIA |
|
6 |
C58915588 |
10362349 |
PUNJAB NATIONAL BANK |
01/06/2012 |
- |
02/07/2015 |
3575000.0 |
DARYAGANJNEW DELHI -110002, INDIA |
FIXED ASSETS:
Tangible Asset:
- Land
- Building
- Plant and equipment
- Furniture and Fixture
- Office equipment
- Computer
- Vehicles Computer Software
- Goodwill
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 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 63.67 |
|
|
1 |
INR 85.90 |
|
Euro |
1 |
INR 76.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
PSD |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE FACTORS
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.