MIRA
INFORM REPORT
|
Report Date : |
07.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAHNEY KIRKWOOD PAIVATE LIMITED |
|
|
|
|
Registered
Office : |
27, Kirol, Vidya Vihar (West), Mumbai – 400 086, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.06.1966 |
|
|
|
|
Com. Reg. No.: |
11-013516 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.600
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109MH1966PTC013516 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS37383D MUMS37384E NSKS01727F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS5304A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of Electrical Insulators of any
Material. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1332000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales and reserve of the company has increased in 2012. Trade relations are fair. Business is active. Payment terms are reported
as usually correct. 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 – 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 DENIED BY
|
Name : |
Mr. Harish Khanna |
|
Designation : |
Director |
|
Contact No.: |
91-253-6611618 |
|
Date : |
06.08.2013 |
LOCATIONS
|
Registered Office : |
27, Kirol, Vidya Vihar (West), Mumbai – 400 086, |
|
Tel. No.: |
91-22-65751750-53 |
|
Fax No.: |
91-22-25106092/ 67031188 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
E-81,
MIDC Area, Ambad, |
|
Tel. No.: |
91-253-2382345 |
|
Fax No.: |
91-253-2382574 |
|
E-Mail : |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Jasjiv Singh Devinder Singh Sahney |
|
Designation : |
Director |
|
Address : |
25, Ushakiran, 50, |
|
Date of Birth/Age : |
02.01.1965 |
|
Date of Appointment : |
15.02.1995 |
|
DIN No.: |
00022886 |
|
|
|
|
Name : |
Mr. Harish Ishwarlal Khanna |
|
Designation : |
Director |
|
Address : |
Archit Retreat, No. 6, Date Nagar Tower Gangapur Road, Nashik –
422005, Maharashtra, India |
|
Date of Birth/Age : |
11.12.1954 |
|
Date of Appointment : |
20.01.2012 |
|
DIN No.: |
05191417 |
|
|
|
|
Name : |
Mrs. Kanwaldeep Kaur Sahney |
|
Designation : |
Director |
|
Address : |
50, Ushakiran, Carmichael Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
22.02.1944 |
|
Date of Appointment : |
24.07.1985 |
|
DIN No.: |
00405996 |
|
|
|
|
Name : |
Mr. Devinder Singh Sahney |
|
Designation : |
Director |
|
Address : |
50, Ushakiran, Carmichael Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
04.09.1938 |
|
Date of Appointment : |
30.08.1966 |
|
DIN No.: |
00420281 |
|
|
|
|
Name : |
Mr. Balwant Singh Nayan Singh Chauhan |
|
Designation : |
Director |
|
Address : |
Flat No.602, 6th Floor, C-Wing, Nandanv, Azad Nagar, Thane,
Mumbai – 400 607, |
|
Date of Birth/Age : |
25.02.1949 |
|
Date of Appointment : |
20.07.2010 |
|
DIN No.: |
01158256 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Kanwaldeep Kaur Sahney and Devinder Singh Sahney |
21600 |
|
Jasjiv Sahney and Kanwaldeep Kaur Sahney |
19520 |
|
Rajiv sahney and D S Sahney |
19520 |
|
Devinder Singh Sahney |
18400 |
|
Kanwaldeep Kaur Sahney |
16960 |
|
|
|
|
Total |
96000 |
As on: 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
0.01 |
|
Directors or relatives of Directors |
99.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Electrical Insulators of any
Material. |
||||||||||||
|
|
|
||||||||||||
|
Products : (As on 31.03.2011) |
|
PRODUCTION STATUS AS ON (31.03.2012)
|
Particulars |
Unit |
Actual
Production Quantity
|
|
A) LICENCED
CAPACITY: Micanite products / Mica based insulation materials |
Tons |
490 |
|
B) INSTALLED
CAPACITY: Micanite products / Mica based insulation materials |
Tons |
490 |
|
C) ACTUAL
PRODUCTION: Micanite products /Mica based insulation materials |
Tons |
269 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Bankers : |
v Indian Bank, New
Thippasandra Branch, No.622, 80 Ft Road, 12th Main, Hal II Stage, Bangalore
– 560 008, Karnataka, India v Citi Bank, Trent House, 2nd Floor, G Block, Plot No. C60,
Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India v Punjab National
Bank v Canara Bank v The Andhra Bank
Limited v HDFC Bank
Limited v The Saraswat Co
Operative Bank Limited v Punjab and Sind
Bank |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.P. Rao and Company Chartered Accountants |
|
Address : |
25, State Bank Road, Bangalore – 560 001, Karnataka, India |
|
Tel. No.: |
91-80-25587385/ 25586814 |
|
Fax No.: |
91-80-25594661 |
|
E-Mail : |
|
|
PAN No. : |
AAAFK7720M |
|
|
|
|
Group Company/ Associated Company : |
v
Sahney Commutators Private Limited v
Isovolta ( |
|
|
|
|
Other Related Parties : |
v
T.S. and Company |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
|
100000 |
Preference Shares |
Rs.100/- each |
Rs.10.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs.20.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
96000 |
Equity Shares |
Rs.100/- each |
Rs.9.600 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
9.600 |
9.600 |
|
(b) Reserves & Surplus |
|
323.561 |
272.468 |
|
(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) |
|
333.161 |
282.068 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
26.631 |
32.547 |
|
(b) Deferred tax liabilities (Net) |
|
25.968 |
23.498 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
69.936 |
67.380 |
|
Total Non-current Liabilities (3) |
|
122.535 |
123.425 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
22.964 |
7.638 |
|
(b) Trade payables |
|
48.521 |
40.066 |
|
(c) Other current
liabilities |
|
29.780 |
26.480 |
|
(d) Short-term provisions |
|
25.093 |
10.805 |
|
Total Current Liabilities (4) |
|
126.358 |
84.989 |
|
|
|
|
|
|
TOTAL |
|
582.054 |
490.482 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
144.761 |
146.222 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.494 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
85.827 |
82.594 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
135.821 |
103.144 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
366.903 |
331.960 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
35.228 |
26.874 |
|
(c) Trade receivables |
|
124.898 |
94.622 |
|
(d) Cash and cash
equivalents |
|
19.128 |
14.136 |
|
(e) Short-term loans and advances |
|
35.897 |
22.890 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
215.151 |
158.522 |
|
|
|
|
|
|
TOTAL |
|
582.054 |
490.482 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.600 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
242.132 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
251.732 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
56.266 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
56.266 |
|
|
DEFERRED TAX LIABILITIES |
|
|
21.831 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
329.829 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
146.647 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
83.254 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
23.462 |
|
|
Sundry Debtors |
|
|
88.631 |
|
|
Cash & Bank Balances |
|
|
15.323 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
95.720 |
|
Total
Current Assets |
|
|
223.136 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
43.279 |
|
|
Other Current Liabilities |
|
|
8.527 |
|
|
Provisions |
|
|
71.402 |
|
Total
Current Liabilities |
|
|
123.208 |
|
|
Net Current Assets |
|
|
99.928 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
329.829 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
412.874 |
303.876 |
259.067 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
325.910 |
251.866 |
216.541 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
86.964 |
52.010 |
42.526 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
11.382 |
11.042 |
10.704 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
75.582 |
40.968 |
31.822 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
24.489 |
10.633 |
15.391 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
51.093 |
30.335 |
16.431 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
204.757 |
193.750 |
|
|
|
|
|
|
|
|
|
|
Additional
income tax on distributed profits |
NA |
NA |
0.319 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
NA |
NA |
1.920 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
204.757 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export at FOB Value |
156.379 |
153.492 |
110.810 |
|
|
|
Reimbursement of Insurance and Freight |
11.838 |
9.738 |
5.197 |
|
|
|
Commission |
30.778 |
3.094 |
6.981 |
|
|
TOTAL EARNINGS |
198.995 |
166.324 |
122.988 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
28.258 |
16.033 |
14.094 |
|
|
|
Stores & Spares |
1.531 |
0.568 |
0.308 |
|
|
TOTAL IMPORTS |
29.789 |
16.601 |
14.402 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
531 |
316 |
171.16 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
12.37
|
9.98 |
6.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.00
|
13.44 |
8.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.14 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.15
|
0.13 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70
|
1.86 |
1.81 |
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 three 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 |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
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 |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10373477 |
10/08/2012 |
10,000,000.00 |
CITI BANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX,
BANDRA (E), MUMBAI, Maharashtra - 400051, INDIA |
B56796402 |
|
2 |
10157597 |
18/05/2009 * |
44,000,000.00 |
INDIAN BANK |
NEW THIPPASANDRA BRANCH, NO.622, 80 FT ROAD, 12TH MAIN, HAL II STAGE,
BANGALORE, Karnataka - 560008 , INDIA |
A62451646 |
|
3 |
10025081 |
26/09/2006 |
25,000,000.00 |
CITI BANK N.A. |
CITIGROUP CENTRE, C-61, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI,
Maharashtra - 400051, INDIA |
A06238026 |
|
4 |
80015398 |
26/09/2006 * |
51,000,000.00 |
CITI BANK N.A. |
CITIGROUP CENTRE, BANDRA EAST, BANDRA KURLA COMPLEX, G BLOCK, MUMBAI, Maharashtra
- 400051, INDIA |
- |
|
5 |
80042664 |
10/08/2012 * |
39,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX,
BANDRA (E), MUMBAI, Maharashtra |
B56796055 |
|
6 |
90231049 |
20/04/2000 * |
257,500,000.00 |
HDFC LTD |
CHURCHGATE, BOMBAY, Maharashtra - 400020, INDIA |
- |
|
7 |
90226987 |
06/08/1999 |
10,000,000.00 |
SICOM LIMITED |
NARIMAN POINT, BOMBAY, Maharashtra - 400021, INDIA |
- |
|
8 |
90228855 |
24/11/1994 |
2,500,000.00 |
CANARA BANK |
CHATKOPAR W BRANCH, BOMBAY, Maharashtra - 400086, |
- |
|
9 |
90228796 |
25/06/1994 |
4,200,000.00 |
PUNJAB AND SIND BANK |
AMBALAL DOSHI MARG, BOMBAY, Maharashtra - 400023, INDIA |
- |
|
10 |
90228655 |
15/06/1993 |
375,000.00 |
CANARA BANK |
GHATKOPAR WEST BRANCH, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
11 |
90226878 |
26/05/1992 |
12,551,000.00 |
CANARA BANK |
GHATKOPAR WEAT, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
12 |
90230705 |
28/03/1992 |
100,000.00 |
CANARA BANK |
GHATKOPAR WAST BRANCH, BOMBAY, Maharashtra - 40008 |
- |
|
13 |
90228525 |
06/08/1999 * |
3,200,000.00 |
CANARA BANK |
GHATKOPA, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
14 |
90230704 |
02/03/1994 * |
3,200,000.00 |
CANARA BANK |
CHATKOPAR W BRANCH, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
15 |
90231633 |
16/01/1989 |
1,000,000.00 |
CANARA BANK |
J P ROAD, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
16 |
90228086 |
06/07/1988 |
1,322,000.00 |
PUNJAB AND SIND BANK |
HAMAM STREET FORT, BOMBAY, Maharashtra - 400023, INDIA |
- |
|
17 |
90231611 |
31/05/1988 |
9,000,000.00 |
PUNJAB NATIONAL BANK |
OPERA HOUSE, BOMBAY, Maharashtra - 400004, INDIA |
- |
|
18 |
90230483 |
31/01/1987 |
401,100.00 |
CANARA BANK |
J P ROAD, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
19 |
90230464 |
01/09/1986 |
632,555.00 |
CANARA BANK |
J P ROAD, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
20 |
90230451 |
21/02/1986 |
950,000.00 |
CANARA BANK |
J P ROAD, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
21 |
90230399 |
10/05/1990 * |
1,300,000.00 |
CANARA BANK |
GHATKOPAR WEAT, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
22 |
90227742 |
26/10/1984 |
7,800,000.00 |
CANARA BANK |
GHATKOPAR WEST, BOMBAY, Maharashtra - 400086, INDIA |
- |
|
23 |
90230398 |
16/10/1984 |
500,000.00 |
CANARA BANK |
R D BHATKOPAR WEAT, BOMBAY, Maharashtra, INDIA |
- |
|
24 |
90232439 |
31/01/1985 * |
3,000,000.00 |
THE STATE INDUSTRIAL AND INVESTMENT
CORPORATION OF |
NARIMAN POINT, BOMBAY, Maharashtra - 400021, INDIA |
- |
|
25 |
90227636 |
28/09/1982 |
61,600.00 |
PUNJAB AND SIND BANK |
27-29 HAMAM STREET FORT, BOMBAY, Maharashtra, INDIA |
- |
|
26 |
90227590 |
04/08/1981 |
565,600.00 |
PUNJAB AND SIND BANK |
HAMAM STREET, BOMBAY, Maharashtra - 3, INDIA |
- |
|
27 |
90227569 |
04/02/1981 |
120,800.00 |
PUNJAB AND SIND BANK |
HAMAM STREET FORT, BOMBAY, Maharashtra, INDIA |
- |
|
28 |
90227561 |
04/12/1980 |
104,600.00 |
PUNJAB AND SIND BANK |
HAMAM STREET BRANCH, BOMBAY, Maharashtra, INDIA |
- |
|
29 |
90231399 |
30/09/1977 |
1,000,000.00 |
THE SARASWAT CO OP BANK LTD |
APSARA CINEMA BUILDING, BOMBAY, Maharashtra - 4000 |
- |
|
30 |
90227408 |
10/03/1976 |
1,201,200.00 |
THE ANDHRABANK LTD |
18 HOMI MODY STREET FORT, BOMBAY, Maharashtra - 40 |
- |
|
31 |
90226813 |
08/03/1976 |
1,125,000.00 |
PUNJAB AND SIND BANK |
78 GIRGAUM ROAD OPERA HOUSE, BOMBAY, Maharashtra - |
- |
|
32 |
90227405 |
25/06/1994 * |
1,500,000.00 |
PUNJAB AND SIND BANK |
AMBALAL DOSHI MARG, BOMBAY, Maharashtra - 400023, INDIA |
- |
|
33 |
90227400 |
25/01/1976 |
219,720.00 |
BANK OF AMERICA |
EXPRESS TOWER, BOMBAY, Maharashtra - 400021, INDIA |
- |
|
34 |
90227360 |
01/10/1974 |
71,846.00 |
THE UNITED INDNA FIRE AND CENTRAL
INSURANCE COMPANY LTD |
APOLLO STREET FORT, BOMBAY, Maharashtra - 400001, INDIA |
- |
|
35 |
90227357 |
09/07/1974 |
2,000,000.00 |
BANK OF AMERICA |
NARIMAN POINT, BOMBAY, Maharashtra - 400001, INDIA |
- |
|
36 |
90230248 |
31/05/1974 |
500,000.00 |
CANARA BANK |
TOWN HALL BRANACH, BOMBAY, Maharashtra - 400002, INDIA |
- |
|
37 |
90227352 |
22/05/1974 |
385,000.00 |
PUNJAB NATIONAL BANK |
SANDHURST ROAD, BOMBAY, Maharashtra - 400004, INDIA |
- |
|
38 |
90227341 |
08/11/1973 |
235,000.00 |
THE ANDHRA BANK LTD |
BRUCE STREET FORT, BOMBAY, Maharashtra, INDIA |
- |
|
39 |
90227332 |
21/05/1973 |
250,000.00 |
PUNJAB NATIONAL BANK |
SANDHURST ROAD BRANCH, BOMBAY, Maharashtra - 400004, INDIA |
- |
|
40 |
90230226 |
31/05/1972 |
1,900,000.00 |
BANK OF AMERCA |
NARIMAN POINT, BOMBAY, Maharashtra - 400020, INDIA |
- |
|
41 |
90227300 |
16/02/1972 |
1,300,000.00 |
BANK OF AMERICA NATIONAL TRUST AND SAVINGS
|
NARIMAN POINT, BOMBAY, Maharashtra - 400020, INDIA |
- |
|
42 |
90227287 |
25/05/1971 |
500,000.00 |
BANK OF AMERICA |
18 BRUSE STREET FORT, BOMBAY, Maharashtra - 400001, INDIA |
- |
|
43 |
90227273 |
30/04/1970 |
400,000.00 |
PUNJAB NATIONAL BANK |
SANDHURST ROAD, BOMBAY, Maharashtra - 400004, INDIA |
- |
|
44 |
90227261 |
26/08/1969 |
250,000.00 |
PUNJAB NATIONAL BANK |
SANDHURST ROAD BRANCH, BOMBAY, Maharashtra - 400004, INDIA |
- |
|
45 |
90227257 |
28/06/1969 |
250,000.00 |
PUNJAB NATIONAL BANK |
SANDHURST ROAD, BOMBAY, Maharashtra - 400004, INDIA |
- |
|
46 |
90227217 |
11/03/1985 * |
600,000.00 |
PUNJAB NATIONAL BANK |
OPERA HOUSE, BOMBAY, Maharashtra - 400004, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
v
v
Buildings
v
Plant and Machinery
v
Furniture, fixture, office equipment etc.
v
Air Conditioner and coolers
v
Vehicles
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.61.53 |
|
|
1 |
Rs.94.37 |
|
Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
51 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.