|
|
|
MIRA INFORM REPORT
|
Report No. : |
508398 |
|
Report Date : |
19.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
PALTECH COOLING
TOWERS AND EQUIPMENTS LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 26 and 26A, Roz Ka Meo Industrial Area, Phase-1, Sohna –
122103, Haryana |
|
Tel. No.: |
91-124-2362961 / 2363139 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
|
|
Date of
Incorporation : |
06.05.1994 |
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|
|
|
Com. Reg. No.: |
55-038579 |
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|
|
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Capital
Investment / Paid-up Capital : |
INR 25.713 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899HR1994PLC038579 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
0500058881 |
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|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACP4031D |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing
and installation of cooling tower and industrial chiller. [Registered
Activity] |
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|
|
|
No. of Employees
: |
Information denied by the management |
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 480000 |
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|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1994 having
moderate track record. For the financial year ended 2017, revenue and profit of the company
has declined. Further, as per indirect source we could also find that company has
delays with regards to repayment of debt due to a stretched liquidity
position. However, the rating weakness is partially offset by company’s long
standing track record of business operation. Payment terms are seems to be slow. 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 (30.09.2017) |
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 |
SMERA |
|
Rating |
Long Term Rating= C |
|
Rating Explanation |
Poor-credit-quality and limited prospects of
recovery. |
|
Date |
16.02.2018 |
|
Rating Agency Name |
SMERA |
|
Rating |
Short Term Rating= A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
16.02.2018 |
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
31-03-2018.
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 19.05.2018
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 DENIED
Management Non-Cooperative (91-124-4499700 / 2362961)
LOCATIONS
|
Registered Office / Factory 1 : |
Plot No. 26 and 26A, Roz Ka Meo Industrial Area, Phase-1, Sohna –
122103, Haryana, India |
|
Tel. No.: |
91-124-2362961 / 2363139 / 4499700 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Area : |
56750 sq. ft. |
|
Location : |
Owned |
|
Location : |
Industrial |
|
|
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|
Head Office : |
B-604, Sushant Lok, Phase-1, Gurugram – 122002, Haryana, India |
|
Tel. No.: |
91-124-4499700 |
|
Fax No.: |
91-124-4222466 |
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|
|
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Factory 2 : |
55/61/62, Roz Ka Meo Industrial Area, Phase – I, Sohna – 122103,
Haryana, India |
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|
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Branch Office: |
Located At · Mumbai · Kolkata · Chennai · Vadodara · Ludhiana · Haridwar |
DIRECTORS
AS ON 31.03.2018
|
Name : |
Mr. Hari Pal Yadav |
||||||||||||||||
|
Designation : |
Managing director |
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Address : |
B 604, Sushant Lok, Phase – 1, Gurugram – 122002, Haryana, India |
||||||||||||||||
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Date of Birth/Age : |
12.05.1962 |
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Date of Appointment : |
01.07.2010 |
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DIN No.: |
00126862 |
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Other Directorship:
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|
||||||||||||||||
|
Name : |
Mr. Sanjiv Bansal |
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Designation : |
Whole-time director |
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Address : |
C-6/A-2, IIT Campus, New Delhi – 110016, India |
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Date of Birth/Age : |
22.10.1963 |
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Date of Appointment : |
01.01.2012 |
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DIN No.: |
00145636 |
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Other Directorship:
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|
||||||||||||||||
|
Name : |
Mr. Siddarth Yadav |
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Designation : |
Whole-time director |
||||||||||||||||
|
Address : |
House No. B-604, Sushant Lok, Phase-I, Gurugram – 122002, Haryana,
India |
||||||||||||||||
|
Date of Appointment : |
10.06.2017 |
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DIN No.: |
06949042 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS
AS ON 31.03.2017
|
Names of Shareholders |
No. of Shares |
|
Hari Pal Yadav |
1621170 |
|
Manju Yadav |
446933 |
|
Sanjeev Bansal |
21666 |
|
Siddharth Yadav |
218500 |
|
Paltech Cooling Towers Private Limited, India |
139000 |
|
Paltech Tour and Travels Private Limited, India |
54000 |
|
Indomonex Private Limited, India |
70000 |
|
|
|
|
Total |
2571269 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2017
|
Category |
Percentage |
|
Promoters [Individual/Hindu Undivided
Family (Indian)] |
88.93 |
|
Public/Other than promoters [Individual/Hindu
Undivided Family (Indian)] |
0.84 |
|
Public/Other than promoters [Body corporate] |
10.23 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
and installation of cooling tower and industrial chiller. [Registered
Activity] |
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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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||||
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Imports : |
Not Divulged |
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||||
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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 denied by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
J.S. Udawat and Company Chartered Accountants |
|
Address : |
D-1/164, Janakpuri, New Delhi – 110058, India |
|
Mobile No.: |
91-9654605527 |
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E-Mail : |
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|
PAN No.: |
AAEFV5670P |
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|
|
|
Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
|
Associates : |
·
Sea Hawk Overseas Private Limited ·
Paltech Cooling Towers Private Limited ·
Paltech Tours and Travels Private Limited ·
Karishma Media Creations Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
INR 10/- each |
INR 75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2571269 |
Equity Shares |
INR 10/- each |
INR 25.713 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in 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 |
25.713 |
25.713 |
25.713 |
|
(b) Reserves & Surplus |
143.826 |
136.631 |
126.738 |
|
(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) |
169.539 |
162.344 |
152.451 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
99.852 |
102.965 |
70.264 |
|
(b) Deferred tax liabilities (Net) |
3.534 |
4.886 |
4.965 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term
provisions |
2.565 |
2.385 |
2.723 |
|
Total Non-current
Liabilities (3) |
105.951 |
110.236 |
77.952 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
153.968 |
153.114 |
160.933 |
|
(b) Trade
payables |
80.278 |
66.998 |
79.286 |
|
(c) Other
current liabilities |
93.034 |
94.879 |
80.732 |
|
(d) Short-term
provisions |
1.570 |
2.130 |
1.067 |
|
Total Current
Liabilities (4) |
328.850 |
317.121 |
322.018 |
|
|
|
|
|
|
TOTAL |
604.340 |
589.701 |
552.421 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
97.191 |
103.511 |
106.706 |
|
(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 |
0.000 |
0.000 |
0.899 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
97.191 |
103.511 |
107.605 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
278.745 |
238.862 |
239.929 |
|
(c) Trade
receivables |
114.240 |
123.517 |
109.184 |
|
(d) Cash
and cash equivalents |
29.432 |
29.785 |
27.675 |
|
(e) Short-term
loans and advances |
84.732 |
94.026 |
68.028 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
507.149 |
486.190 |
444.816 |
|
|
|
|
|
|
TOTAL |
604.340 |
589.701 |
552.421 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
255.309 |
355.202 |
313.057 |
|
|
|
|
Other Income |
2.228 |
2.158 |
2.244 |
|
|
|
|
TOTAL |
257.537 |
357.360 |
315.301 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of raw materials and consumables |
141.297 |
155.510 |
147.226 |
|
|
|
|
Increase/(Decrease) in inventory |
(41.417) |
5.118 |
(1.756) |
|
|
|
|
Employee Benefits Expenses |
37.734 |
38.564 |
40.566 |
|
|
|
|
Exceptional items |
0.020 |
(0.046) |
0.005 |
|
|
|
|
Other Expenses |
60.380 |
95.140 |
70.716 |
|
|
|
|
TOTAL |
198.014 |
294.286 |
256.757 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
59.523 |
63.074 |
58.544 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
43.236 |
40.873 |
39.629 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.287 |
22.201 |
18.915 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/ AMORTISATION |
6.580 |
7.025 |
7.512 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
9.707 |
15.176 |
11.403 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
2.513 |
5.283 |
2.954 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
7.194 |
9.893 |
8.449 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export of Goods (FOB Value) |
8.165 |
3.589 |
15.360 |
|
|
|
|
Other Earnings |
0.000 |
0.667 |
0.239 |
|
|
|
TOTAL EARNINGS |
8.165 |
4.256 |
15.599 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (INR) |
2.80 |
3.85 |
3.41 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
28.110 |
20.063 |
27.479 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activities |
30.444 |
22.064 |
33.555 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
163.32 |
126.92 |
127.30 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
2.23 |
2.88 |
2.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
207.38 |
157.25 |
196.56 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.21 |
0.26 |
0.24 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
0.61 |
0.61 |
0.55 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.76 |
0.75 |
0.76 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.66 |
1.70 |
1.70 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.94 |
1.95 |
2.11 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.57 |
0.64 |
0.70 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.38 |
1.54 |
1.48 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
PAT to Sales ((PAT
/ Sales) * 100) |
% |
2.82 |
2.79 |
2.70 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
1.19 |
1.68 |
1.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
4.24 |
6.09 |
5.54 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.54 |
1.53 |
1.38 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
0.69 |
0.78 |
0.64 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.28 |
0.28 |
0.28 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
10.96 |
10.74 |
10.06 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.54 |
1.53 |
1.38 |
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 |
25.713 |
25.713 |
25.713 |
|
Reserves & Surplus |
126.738 |
136.631 |
143.826 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
152.451 |
162.344 |
169.539 |
|
|
|
|
|
|
Long Term borrowings |
70.264 |
102.965 |
99.852 |
|
Short Term borrowings |
160.933 |
153.114 |
153.968 |
|
Current maturities of long term debt |
27.479 |
20.063 |
28.110 |
|
Total
borrowings |
258.676 |
276.142 |
281.930 |
|
Debt/Equity
ratio |
1.697 |
1.701 |
1.663 |
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
|
313.057 |
355.202 |
255.309 |
|
|
|
13.462 |
(28.123) |
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
|
313.057 |
355.202 |
255.309 |
|
Profit/(Loss) |
8.449 |
9.893 |
7.194 |
|
|
2.70% |
2.79% |
2.82% |
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 |
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 |
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: Registered office
of the company has been shifted from G-5, Ist Floor, Hauz Khas, New Delhi –
110016, India to the present address w.e.f. 01.11.2008
STATEMENT ON STATE
OF COMPANY’S AFFAIRS
The performance of the company during the year was not satisfactory and its
revenue from operations declined from INR 355.202 million (Previous Year) to
INR 255.309 million (Current Year). The Net Profits of the company also
declined from INR 9.893 million (Previous Year) to INR 7.194 million (Current
Year). The board is aware of the situation and taking all necessary measures
including cost cutting to improve the performance of the company.
UNSECURED LOANS:
|
PARTICULARS |
31.03.2017 INR In Million |
31.03.2016 INR In Million |
|
LONG TERM BORROWINGS |
|
|
|
From Directors
and shareholders |
29.954 |
44.515 |
|
From others |
40.625 |
27.405 |
|
|
|
|
|
Total |
70.579 |
71.920 |
INDEX OF CHARGES:
|
S No |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
C35080787 |
10533434 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
27/11/2014 |
- |
- |
30000000.0 |
GROUND FLOOR, UDYOG MINAR,VANIJYA NIKUNJ, UDYOG VIHAR, PHASE V, GURGAON HR122016IN |
|
2 |
B32038432 |
10335373 |
ELECTRONICA FINANCE LIMITED |
25/01/2012 |
- |
- |
6513310.0 |
128/A, PLOT NO.3, KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUDPUNEMH411038IN |
|
3 |
G70196332 |
10311908 |
STATE BANK OF INDIA |
16/09/2011 |
02/06/2017 |
- |
277700000.0 |
STATE BANK OF INDIASME BRANCH VATIKA FIRST INDIA PLACE, M.G.ROADGURGAONHR122002IN |
|
4 |
B36360741 |
10045405 |
STATE BANK OF INDIA |
28/03/2007 |
09/03/2012 |
- |
190000000.0 |
COMMERCIAL BRANCH, 6TH FLOORPLAM COURT BUILDING, NEAR MDI GURGAON HR121001IN |
|
5 |
Y10137925 |
90057830 |
STATE BANK OF INDIA |
02/08/2002 |
18/05/2006 |
- |
11000000.0 |
COMMERCIAL BRANCH NARAINA NEW DELHI DL110028IN |
|
6 |
C00548909 |
10340176 |
ELECTRONICA FINANCE LIMITED |
25/01/2012 |
- |
22/03/2014 |
4274190.0 |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD PUNE MH411038IN |
|
7 |
B14426597 |
90056541 |
INDIAN BANK |
02/01/1996 |
- |
13/06/2011 |
250000.0 |
MEHRAULI INSTITUTIONAL AREA NEW DELHIDLIN |
|
8 |
A64031594 |
90057333 |
INDIAN BANK |
05/10/2000 |
- |
05/06/2009 |
5000000.0 |
M.I.ABAD FORM NEW DELHIDL110016IN |
FIXED ASSETS:
·
Industrial Plots
·
Factory Buildings
·
Plant and Machinery
·
Office Equipments
·
Tools, Moulds and Dyes
·
Electrical Fittings
·
Furniture and Fittings
·
Vehicles
·
Computer
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 67.96 |
|
|
1 |
INR 91.88 |
|
Euro |
1 |
INR 80.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
SAV |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
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)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.