MIRA INFORM REPORT
|
Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
PATEL CARS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Suit Nos. 205, 206, 2nd Floor, Pioneer Towers, Marine
Drive, Ernakulam – 682031, Kerala |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.06.1997 |
|
|
|
|
Com. Reg. No.: |
09-011516 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 21.675
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U60221KL1997PTC011516 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACJ8091R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Distributor of Honda City Cars. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 530000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There
appears drastic dip in sales and profitability during 2012. The profit margin
seems to be low. However, networth of the company is strong. Trade relations are
reported to be fair. Business is active. Payments are reported to be 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the outbreak
of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood opportunities
for the millions living in poverty as also the large contingent of young people
joining the job market every year.
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Ms. Shridevi |
|
Designation : |
Admin |
|
Contact No.: |
91-484-2705547 |
|
Date : |
01.08.2013 |
LOCATIONS
|
Registered Office : |
Suit Nos. 205, 206, 2nd Floor, Pioneer Towers, Marine
Drive, Ernakulam – 682031, Kerala, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Showroom : |
Survey No. 228/1, NH47, Vytilla - Aroor Bypass Road, Maradu, Cochin –
682 304, Kochi, India |
|
Tel. No.: |
91-484-2705547/ 49 |
|
Fax No.: |
91-484-2705550 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Krishnaben Kantilal Patel |
|
Designation : |
Director |
|
Address : |
30-626 B, Waeriam Road, Krishna Niwas, Ernakulam – 682016, Cochin,
India |
|
Date of Birth/Age : |
03.03.1937 |
|
Date of Appointment : |
18.06.2004 |
|
PAN No.: |
ABGPP9045B |
|
DIN No.: |
01486638 |
|
|
|
|
Name : |
Mr. Vinod Babulal Patel |
|
Designation : |
Director |
|
Address : |
8-2-122/1, Sri Krishna, Kripa Kambla Cross Road, Alake, Mangalore
Alake, Mangalore – 575003, Karnataka, India |
|
Date of Birth/Age : |
24.012.1966 |
|
Date of Appointment : |
04.07.2003 |
|
PAN No.: |
ABGPP9052Q |
|
DIN No.: |
01487344 |
|
|
|
|
Name : |
Ms. Chetna Bharat Patel |
|
Designation : |
Director |
|
Address : |
Krishna Niwas, Warriam Road, Ernakulam – 682016, Cochin, India |
|
Date of Birth/Age : |
17.11.1965 |
|
Date of Appointment : |
21.05.2001 |
|
PAN No.: |
ABSPP3652L |
|
DIN No.: |
01487361 |
|
|
|
|
Name : |
Mr. Mitesh Kantilal Patel |
|
Designation : |
Managing director |
|
Address : |
30-626 B, Waeriam Road, Krishna Niwas, Ernakulam – 682016, Cochin,
India |
|
Date of Birth/Age : |
01.02.1972 |
|
Date of Appointment : |
10.06.1997 |
|
PAN No.: |
AFMPP3504K |
|
DIN No.: |
01681744 |
|
|
|
|
Name : |
Mr. Kantilal Patel Pranlal |
|
Designation : |
Director |
|
Address : |
30-626 B, Waeriam Road, Krishna Niwas, Ernakulam – 682016, Cochin,
India |
|
Date of Birth/Age : |
07.07.1930 |
|
Date of Appointment : |
10.06.1997 |
|
PAN No.: |
AGCPP2845C |
|
DIN No.: |
01681767 |
|
|
|
|
Name : |
Mr. Bharat Kantilal Patel |
|
Designation : |
Director |
|
Address : |
30-623 B, Waeriam Road, Krishna Niwas, Ernakulam – 682016, Cochin, India
|
|
Date of Birth/Age : |
24.10.1963 |
|
Date of Appointment : |
10.06.1997 |
|
PAN No.: |
ABGPP9043H |
|
DIN No.: |
01935255 |
KEY EXECUTIVES
|
Name : |
Ms. Shridevi |
|
Designation : |
Admin |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kantilal Patel Pranlal |
|
180001 |
|
Mitesh Kantilal Patel |
|
654750 |
|
Bharat Kantilal Patel |
|
230249 |
|
Jayantilal Vasran Patel |
|
37500 |
|
Natwarlal Vasram Patel |
|
37500 |
|
Rajesh Vasram Patel |
|
52500 |
|
Chetna Bharat Patel |
|
206250 |
|
Vinod Babulal Patel |
|
536250 |
|
Krishnaben Kantilal Patel |
|
180000 |
|
Saroj Hashmukh Patel |
|
52500 |
|
Total |
|
2167500 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
92.00 |
|
Other top fifty shareholders |
|
8.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Honda City Cars. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
300 (Approximately) |
||||||||||||||||||
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|
|
||||||||||||||||||
|
Bankers : |
Not Divulged |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Finance Institutions : |
Kotak Mahindra Prime Limited, 36-38A Nariman Bhavan, 227, Nariman Point,, Mumbai - 400021, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
A.S.A and Associates Chartered Accountants |
|
Address : |
G-35, 1st Cross Road, Panampilly Nagar, India |
|
PAN No.: |
AAAFM1250G |
|
|
|
|
Enterprise in which
Directors are able to exercise significant influence/having controlling
interest : |
|
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2230000 |
|
Rs.10/- each |
Rs. 22.300 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2167500 |
Equity Shares |
Rs.10/- each |
Rs. 21.675
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
21.675 |
21.675 |
|
(b) Reserves & Surplus |
|
111.287 |
109.066 |
|
(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) |
|
132.962 |
130.741 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
65.061 |
24.782 |
|
(b) Deferred tax liabilities (Net) |
|
11.836 |
13.311 |
|
(c) Other long term liabilities |
|
6.642 |
8.471 |
|
(d) long-term provisions |
|
3.327 |
2.118 |
|
Total Non-current
Liabilities (3) |
|
86.866 |
48.682 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
136.513 |
158.350 |
|
(b) Trade payables |
|
6.992 |
34.901 |
|
(c) Other current liabilities |
|
51.623 |
38.568 |
|
(d) Short-term provisions |
|
0.394 |
1.687 |
|
Total Current
Liabilities (4) |
|
195.522 |
233.506 |
|
|
|
|
|
|
TOTAL |
|
415.350 |
412.929 |
|
|
|
|
|
|
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
144.381 |
146.786 |
|
(ii) Intangible Assets |
|
0.441 |
0.070 |
|
(iii) Capital work-in-progress |
|
74.404 |
71.431 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
20.191 |
18.532 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
44.149 |
12.995 |
|
(e) Other Non-current assets |
|
0.671 |
0.565 |
|
Total Non-Current
Assets |
|
284.237 |
250.379 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
57.489 |
91.695 |
|
(c) Trade receivables |
|
10.801 |
20.318 |
|
(d) Cash and cash equivalents |
|
21.578 |
30.330 |
|
(e) Short-term loans and advances |
|
29.849 |
3.482 |
|
(f) Other current assets |
|
11.396 |
16.725 |
|
Total Current Assets |
|
131.113 |
162.550 |
|
|
|
|
|
|
TOTAL |
|
415.350 |
412.929 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
21.675 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
105.313 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
126.988 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
182.395 |
|
|
2] Unsecured Loans |
|
|
18.247 |
|
|
TOTAL BORROWING |
|
|
200.642 |
|
|
DEFERRED TAX LIABILITIES |
|
|
12.246 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
339.876 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
141.708 |
|
|
Capital work-in-progress |
|
|
60.806 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
18.766 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
63.462 |
|
|
Sundry Debtors |
|
|
22.358 |
|
|
Cash & Bank Balances |
|
|
32.918 |
|
|
Other Current Assets |
|
|
8.609 |
|
|
Loans & Advances |
|
|
44.932 |
|
Total
Current Assets |
|
|
172.279 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
46.252 |
|
|
Provisions |
|
|
7.431 |
|
Total
Current Liabilities |
|
|
53.683 |
|
|
Net Current Assets |
|
|
118.596 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
339.876 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from operation |
|
|
NA |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
1060.129 |
1567.469 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
2.221 |
3.960 |
14.021 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.02 |
1.83 |
6.47 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.21 |
0.25 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.51 |
1.40 |
2.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.68 |
0.70 |
3.21 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs. In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Long term
borrowing |
|
|
|
Rupee term loans from banks |
11.421 |
7.353 |
|
Term loans from others |
1.485 |
10.135 |
|
Rupee term loans from others |
34.031 |
7.294 |
|
Loans and advance from related parties |
18.124 |
0.000 |
|
|
|
|
|
Short term
borrowing |
|
|
|
Loans repayable on demand from banks |
3.491 |
1.937 |
|
Loans and advance from related parties |
9.941 |
8.128 |
|
Loans repayable on demand from others |
12.432 |
0.000 |
|
Total |
90.925 |
34.847 |
FINANCIAL HIGHLIGHTS
The overall performance of the company during the year under report was not up to the expected level mainly due to the general sluggishness in the market and the economy as a whole. The total income from operations was only Rs.1060.129 Millions as compared to Rs.1567.469 Millions in the previous year. The number of cars sold during the year under report have also recorded a reduction as compared to the previous year. The total income from operations have also recorded a decline to Rs.2.221 Millions as compared to Rs.3.753 Millions in the previous year. The Directors are taking all possible steps to improve the performance and are hopeful that the operations can be improved in the current year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10395245 |
12/11/2012 |
278,200,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B65255408 |
|
2 |
10366502 |
03/07/2012 |
40,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B44165611 |
|
3 |
10353592 |
17/04/2012 |
85,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B38891727 |
|
4 |
10316663 |
24/10/2011 |
2,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B24934143 |
|
5 |
10316677 |
24/10/2011 |
40,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B24938524 |
|
6 |
10304462 |
29/08/2011 |
30,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B19726124 |
|
7 |
10296875 |
27/06/2011 |
10,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B16775959 |
|
8 |
10294949 |
27/06/2011 |
15,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B16094922 |
|
9 |
10295738 |
27/06/2011 |
15,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B16282063 |
|
10 |
10295429 |
21/06/2011 |
30,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
B16280604 |
|
11 |
10209689 |
22/03/2010 |
15,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A82466582 |
|
12 |
10207755 |
02/02/2010 |
15,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A79419818 |
|
13 |
10133625 |
15/12/2008 |
50,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A52746476 |
|
14 |
10126776 |
08/08/2009 * |
90,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A69290864 |
|
15 |
10102613 |
27/03/2008 |
70,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A38429304 |
|
16 |
10077429 |
02/08/2007 |
60,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A25880774 |
|
17 |
10077707 |
02/08/2007 |
60,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A25881707 |
|
18 |
10055944 |
26/04/2007 |
36,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A16859621 |
|
19 |
10057257 |
16/04/2007 |
36,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
36-38A NARIMAN BHAVAN, 227, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A16409336 |
|
20 |
10004814 |
23/05/2006 |
84,602,000.00 |
KOTAK MAHINDRA PRIME LIMITED (KMPL) |
36-38 NARIMAN POINT, 224 NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
A01355015 |
|
21 |
10004771 |
13/05/2006 |
25,500,000.00 |
KOTAK MAHINDRA PRIME LIMITED ( KMPL) |
36-38 A NARIMAN POINT, 224 NARIMAN POINT, MUMBAI, |
A01354950 |
|
22 |
90020546 |
22/03/2005 |
11,700,000.00 |
KOTAK MAHINDRA PRIMUS LIMITED |
36-38A; NARIMAN BHAVAN, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
- |
|
23 |
90019516 |
10/12/2003 |
20,000,000.00 |
KOTAK MAHINDRA PRIMUS LIMITED |
36-38A; NARIMAN BHAVAN, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
- |
|
24 |
90019460 |
05/11/2003 |
30,000,000.00 |
KOTAK MAHINDRA PRIMUS LIMITED |
36-38A; NARIMAN BHAVAN, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
- |
|
25 |
90019251 |
05/07/2003 |
8,000,000.00 |
KOTAK MAHINDRA PRIMUS LIMITED |
36-38A; NARIMAN BHAVAN, NARIMAN POINT, MUMBAI, Maharashtra - 400021, INDIA |
- |
|
26 |
90017267 |
12/08/2003 * |
10,000,000.00 |
BANK OF INDIA |
ERNAKULAM BRANCH, SHANMUGHAM ROAD, COCHIN, Kerala- 682031, INDIA |
- |
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 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. 60.74 |
|
|
1 |
Rs. 92.06 |
|
Euro |
1 |
Rs. 80.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
36 |
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.