MIRA
INFORM REPORT
|
Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
JHAVERI FLEXO INDIA LIMITED (w.e.f 11.09.2006) |
|
|
|
|
Formerly Known
As : |
FLEXO FILM WRAPS (INDIA) LIMITED |
|
|
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Registered
Office : |
Gut No. 74, Farola, Paithan Road, Aurangabad – 431105, Maharashtra |
|
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|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
16.04.1985 |
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|
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Com. Reg. No.: |
035938 |
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|
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Capital Investment
/ Paid-up Capital : |
Rs.125.803 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1985PLC035938 |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Laminate, PPC Films, Stretch etc. |
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|
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2300000 |
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|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having a moderate track record. The company has shown an improvement in its operating performance and
profitability during 2012. The profit margin appears to be low. However, trade relations are 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 – 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.
LOCATIONS
|
Registered Office/ Factory 1 : |
Gut No.74, Farola, Paithan Road, Aurangabad – 431105, Maharashtra,
India |
|
Tel. No.: |
91-2431-251663/ 664 |
|
Fax No.: |
91-2431-251661 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Corporate Office : |
9th and 10th Floor, Gold Crest, 10th Road,
J.V.P.D Scheme, Near HSBC Bank, Vile Parle (West), Mumbai – 400049,
Maharashtra, India |
|
Tel. No.: |
91-22-61512121 |
|
E-Mail : |
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|
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|
Factory 2: |
Dapada, Silvassa
Factory Survey No. 135/2, Village Dapada, Khanvel Road, Silvassa – 396 230.
U.T. OF D.N.H. |
|
Tel No.: |
91-260-2699084/ 184 |
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|
|
|
Factory 3: |
Luhari, Silvassa
Factory 188/2/1, Village Luhari, Opposite Govt Tourism Resort, Silvassa – 396
230, U.T OF D.N.H. |
|
Tel No.: |
91-2602993437 |
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European Office
: |
4 Sydenham Avenue London SE26 6UH |
|
Tel No.: |
+44 20 8776 8911 |
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E-Mail : |
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USA Office : |
5208,Downing Creek Drive, Charlotte 28269, USA |
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Tel No.: |
1-704-509-1677 |
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E-Mail : |
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Indian Sales Offices : |
Located at: · Mumbai · Chennai · Ahmedabad · Delhi · Aurangabad · Hyderabad · Bangalore · Kolkata |
DIRECTORS
As on 30.12.2011
|
Name : |
Mr. Rajul Sandeep Jhaveri |
|
Designation : |
Director |
|
Address : |
Plot No. 12, Nutan Laxmi Society, Crest Building, 6th
Floor, JVPD Scheme, 9th (N-S) Road, Vile Parle, Mumbai – 400049,
Maharashtra, India |
|
Date of Birth/Age : |
15.12.1960 |
|
Date of Appointment : |
10.09.2005 |
|
DIN No.: |
00093998 |
|
|
|
|
Name : |
Mr. Sandeep Jhaveri |
|
Designation : |
Director |
|
Address : |
Plot No. 12, Nutan Laxmi Society, Crest Building, 6th
Floor, JVPD Scheme, 9th (N-S) Road, Vile Parle, Mumbai – 400049,
Maharashtra, India |
|
Date of Birth/Age : |
07.10.1959 |
|
Date of Appointment : |
19.10.2006 |
|
DIN No.: |
00080518 |
|
|
|
|
Name : |
Mr. Krishna Kumar Sadani |
|
Designation : |
Managing Director |
|
Address : |
C-5/10, CIDCO Town Centre, CIDCO Aurangabad – 431003, Maharashtra,
India |
|
Date of Birth/Age : |
25.09.1962 |
|
Date of Appointment : |
26.08.1998 |
|
DIN No.: |
00060326 |
|
|
|
|
Name : |
Mr. Dinesh Chandra Shah |
|
Designation : |
Director |
|
Address : |
161-A, Kalpataru Residency, 16th Floor, Tower – A, Sion (East),
Mumbai – 400022, Maharashtra, India |
|
Date of Birth/Age : |
08.10.1957 |
|
Date of Appointment : |
30.07.2005 |
|
DIN No.: |
00298463 |
|
|
|
|
Name : |
Mr. Abhishek Suketu Jhaveri |
|
Designation : |
Whole time Director |
|
Address : |
4th Floor, 42, Neelamber Building, 37, Peddar Road, Mumbai
– 400026, Maharashtra, India |
|
Date of Birth/Age : |
09.01.1986 |
|
Date of Appointment : |
19.05.2008 |
|
DIN No.: |
02293226 |
|
|
|
|
Name : |
Mr. Marunal S Jhaveri |
|
Designation : |
Whole time Director |
|
Address : |
Plot No. 12, Nutan Laxmi Society, Crest Building, 6th
Floor, JVPD Scheme, 9th (N-S) Road, Vile Parle, Mumbai – 400049,
Maharashtra, India |
|
Date of Birth/Age : |
29.10.1985 |
|
Date of Appointment : |
29.10.2009 |
|
DIN No.: |
02350001 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Gupta |
|
Designation : |
Secretary |
|
Address : |
Flat No.1, Ground Floor, Nirala Apartment, Near Mariya Hospital,
Basilal Naagr, Aurangabad – 431005, Maharashtra, India |
|
Date of Birth/Age : |
04.03.1976 |
|
Date of Appointment : |
01.09.2004 |
|
PAN No.: |
AJDPG8507C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.12.2011
|
Names of Category |
No. of Shares |
Percentage of Holding |
|
|
|
|
|
Promoters |
|
|
|
-
Indian Promoters |
18867948 |
74.99 |
|
-
Foreign Promoters |
-- |
-- |
|
Mutual Funds and UTI |
50000 |
0.20 |
|
Banks, Financial Institutions, Insurance companies (Central/ State Government/
No-Government Institutions) |
18400 |
0.07 |
|
FIIs |
-- |
-- |
|
Private Corporate Bodies |
2243002 |
8.91 |
|
Indian Public |
2901028 |
11.53 |
|
NRIs/ OCBs |
1080261 |
4.30 |
|
Any Others |
-- |
-- |
|
|
|
|
|
Total |
25160639 |
100.00 |
As on 21.11.2012
|
Names of Allottees |
|
No. of Shares |
|
Mrunal Jhaveri |
|
132750 |
|
R.S Jhaveri Steels Private Limited, India |
|
1000000 |
|
Wellworth Industries Limited, India |
|
125000 |
|
|
|
|
|
Total |
|
1257750 |
As on 23.11.2012
|
Names of Allottees |
|
No. of Shares |
|
Rajul Jhaveri |
|
375000 |
|
Aniket Jhaveri |
|
461250 |
|
Arihant Jhaveri |
|
461250 |
|
|
|
|
|
Total |
|
1297500 |
As on 28.11.2012
|
Names of Allottees |
|
No. of Shares |
|
Abhishek Jhaveri |
|
1711375 |
|
Total |
|
1711375 |
As on 30.11.2012
|
Names of Allottees |
|
No. of Shares |
|
Sandeep Jhaveri |
|
545000 |
|
Mars Fincom Private Limited, India |
|
640500 |
|
|
|
|
|
Total |
|
1185500 |
Equity Share Break up (Percentage of Total Equity)
As on 30.12.2011
|
Category |
Percentage |
|
Government
(Central and State) |
0.01 |
|
Public financial companies |
0.05 |
|
Nationalised or other banks |
0.01 |
|
Mutual funds |
0.20 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
0.97 |
|
Bodies corporate |
18.92 |
|
Directors or relatives of Directors |
60.03 |
|
Other top fifty shareholders |
16.80 |
|
Others |
3.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Laminate, PPC Films, Stretch etc. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
|
Installed
Capacity |
|
|
|
|
|
Farola Unit |
|
12420 Mt |
|
Dapada Unit |
|
12000 Mt |
|
Luhari Unit |
|
7500 Mt |
|
|
|
|
|
Particulars |
Unit |
Actual
Production |
|
|
|
|
|
PVC Film |
Rolls |
1346853 |
|
Masking Film |
Kg. |
832635 |
|
Stretch Film |
Kg. |
1257548 |
|
Lamination Film |
Kg. |
2149689 |
|
CPP Film |
Kg. |
2546167 |
|
Laminates |
Kg. |
8713501 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers · Britannia · Cadbury · GULF · Cargill · Dabur · Indian Oil · ITC Limited · JSW · Nestle · Hindustan Unilever Limited · Videocon · General Mills · Tata Chemicals · PepsiCo |
||||||||||||||||||
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|
|
||||||||||||||||||
|
No. of Employees : |
Not Available |
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|
||||||||||||||||||
|
Bankers : |
The Saraswat Co-operative Bank Limited, CIDCO Branch, Near
CIDCO bus Stand, CIDCO, Aurangabad - 431003, Maharashtra, India |
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Facilities : |
|
|
|
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|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Bhatter and Company Chartered Accountants |
|
Address : |
307, Tulsiani Cha,ber, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACPB2705R |
|
|
|
|
Associates Company : |
· Wellworth Industries Limited · R. S. Jhaveri Steel and Company Private Limited. · Sangam Press Private Limited · Mars Fincom Private Limited · R.S. Jhaveri and Company |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital : Rs. 250.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.153.064
Millions
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.5/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25160639 |
Equity Shares |
Rs.5/- each |
Rs.125.803
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 |
|
125.803 |
125.803 |
|
(b) Reserves & Surplus |
|
451.319 |
441.057 |
|
(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) |
|
577.122 |
566.860 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
619.945 |
461.688 |
|
(b) Deferred tax liabilities (Net) |
|
21.994 |
16.175 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
641.939 |
477.863 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
344.142 |
343.684 |
|
(b) Trade payables |
|
457.619 |
359.293 |
|
(c) Other current
liabilities |
|
129.943 |
126.851 |
|
(d) Short-term provisions |
|
21.582 |
6.253 |
|
Total Current Liabilities (4) |
|
953.286 |
836.081 |
|
|
|
|
|
|
TOTAL |
|
2172.347 |
1880.804 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1000.846 |
856.776 |
|
(ii) Intangible Assets |
|
0.035 |
0.035 |
|
(iii) Capital
work-in-progress |
|
7.769 |
73.337 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
1008.700 |
930.198 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
567.063 |
463.886 |
|
(c) Trade receivables |
|
388.562 |
327.442 |
|
(d) Cash and cash
equivalents |
|
93.394 |
52.161 |
|
(e) Short-term loans and
advances |
|
109.224 |
101.553 |
|
(f) Other current assets |
|
5.404 |
5.564 |
|
Total Current Assets |
|
1163.647 |
950.606 |
|
|
|
|
|
|
TOTAL |
|
2172.347 |
1880.804 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
125.803 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
447.303 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
573.106 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
338.819 |
|
|
2] Unsecured Loans |
|
|
407.418 |
|
|
TOTAL BORROWING |
|
|
746.237 |
|
|
DEFERRED TAX LIABILITIES |
|
|
9.412 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1328.755 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
795.099 |
|
|
Capital work-in-progress |
|
|
125.013 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.050 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
347.638 |
|
|
Sundry Debtors |
|
|
255.386 |
|
|
Cash & Bank Balances |
|
|
26.708 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
86.078 |
|
Total
Current Assets |
|
|
715.810 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
289.482 |
|
|
Other Current Liabilities |
|
|
14.072 |
|
|
Provisions |
|
|
10.989 |
|
Total
Current Liabilities |
|
|
314.543 |
|
|
Net Current Assets |
|
|
401.267 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
7.326 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1328.755 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2768.082 |
2418.914 |
1867.743 |
|
|
|
Other Income |
10.072 |
3.532 |
14.477 |
|
|
|
Profit on Sale of Fixed Assets |
-- |
-- |
1.436 |
|
|
|
TOTAL (A) |
2778.154 |
2422.446 |
1883.656 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
1984.488 |
1768.923 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(30.565) |
13.995 |
|
|
|
|
Employee benefit Expenses |
136.129 |
115.141 |
|
|
|
|
Other Expenses |
414.692 |
373.131 |
|
|
|
|
Exceptional Items |
(0.136) |
0.145 |
|
|
|
|
TOTAL (B) |
2504.608 |
2271.335 |
1735.450 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
273.546 |
151.111 |
148.206 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
147.550 |
53.857 |
42.513 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
125.996 |
97.254 |
105.693 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
105.895 |
96.617 |
84.337 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
20.101 |
0.637 |
21.356 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.839 |
6.883 |
10.864 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
10.262 |
(6.246) |
10.492 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
110.932 |
117.178 |
114.045 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
6.290 |
|
|
|
Dividend |
0.000 |
0.000 |
1.069 |
|
|
BALANCE CARRIED
TO THE B/S |
121.238 |
110.932 |
117.178 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
55.640 |
55.640 |
35.806 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
675.474 |
354.902 |
|
|
|
Stores & Spares |
NA |
4.165 |
1.844 |
|
|
|
Plant and Machinery |
NA |
0.676 |
7.608 |
|
|
TOTAL IMPORTS |
NA |
680.315 |
364.354 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(loss) Per Share (Rs.) |
0.41 |
(0.25)
|
0.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.37
|
(0.26) |
0.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.73
|
0.03 |
1.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.93
|
0.04 |
2.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.00 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.67
|
1.42 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02
|
1.68 |
2.28 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
CHARGES
|
ENTITY |
PERSON |
COMPETENT
AUTHORITY |
REGULATORY
CHARGES |
REGULATORY ACTION (S) / DATE OF ORDER |
FURTHER
DEVELOPMENTS |
|
JHAVERI FLEXO INDIA LIMITED |
|
BSE |
DID NOT SUBMIT SHAREHOLDING PATTERN UNDER PROVISIONS OF CLAUSE 35 FOR
THE QUARTER ENDED 31-DECEMBER-2008 |
PUT UP ON BSE WEBSITE FOR PUBLIC NOTICE |
NOT APPEARING IN THE LIST FOR THE QUARTER ENDED 31-MARCH-2009 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10429260 |
26/04/2013 |
30,000,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
CIDCO BRANCH, NEAR CIDCO BUS STAND, CIDCO,
AURANGABAD, MAHARASHTRA - 431003, INDIA |
B76376219 |
|
2 |
10429267 |
26/04/2013 |
30,000,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
CIDCO BRANCH, NEAR CIDCO BUS STAND, CIDCO,
AURANGABAD, MAHARASHTRA - 431003, INDIA |
B76377860 |
|
3 |
10407737 |
07/01/2013 |
99,500,000.00 |
UNITED BANK OF INDIA |
UNITED BANK OF INDIA BUILDING, 25, SIR PHEROZ SHA
H MEHTA ROAD, FORT MUMBAI, MAHARASHTRA - 400001, |
B69506921 |
|
4 |
10388076 |
08/11/2012 |
6,668,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC BORIVLI WEST BRANCH,SHOBANA APARTMENT,
CHANDAVARKAR ROAD, BORIVLI WEST, MUMBAI, MAHARASHTRA |
B62590161 |
|
5 |
10386104 |
09/10/2012 |
875,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC, KANCHAN CHAMBERS, KRANTI CHOWK, KRANTI CH
OWK, AURANGABAD, MAHARASHTRA - 431005, INDIA |
B61945465 |
|
6 |
10328061 |
13/12/2011 |
1,918,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC, KANCHAN CHAMBERS,,KRANTI CHOWK, STATION
ROAD, AURANGABAD, MAHARASHTRA - 431005, INDIA |
B29474186 |
|
7 |
10325325 |
05/12/2011 |
75,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
'MADHU SHILP', PLOT NO. 6, C/2, TOWN CENTRE, NEAR
CIDCO BUS STAND, CIDCO, AURANGABAD, MAHARASHTRA |
B28628576 |
|
8 |
10322013 |
14/11/2011 |
585,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC, KANCHAN CHAMBERS, KRANTI CHOWK, STATION
ROAD, AURANGABAD, MAHARASHTRA - 431005, INDIA |
B27364272 |
|
9 |
10323982 |
06/05/2011 |
96,600,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MADHU SHILP, PLOT NO. 6, TOWN CENTRE, NEAR CIDCO |
B17674821 |
|
10 |
10283326 |
20/04/2011 |
13,700,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
MADHU SHILP, PLOT NO. 6,TOWN CENTRE, NEAR CIDCO |
B11148020 |
|
11 |
10276207 |
16/03/2011 |
50,000,000.00 |
THE SARASWAT CO-OPEARTIVE BANK LTD. |
MADHU SHILP, PLOT NO. 6,TOWN CENTRE, NEAR CIDCO |
B09188947 |
|
12 |
10274485 |
24/02/2011 |
1,710,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC,KANCHAN CHAMBERS, KRANTI CHOWK, STATION
ROAD, AURANGABAD, MAHARASHTRA - 431005, INDIA |
B08570343 |
|
13 |
10273263 |
09/02/2011 |
45,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
AURANGABAD BRANCH, MADHU SHILP, PLOT NO.6, C/2,
TOWN CENTRE NEAR CIDCO BUS STAND, CIDCO, AURANGABAD |
B07192669 |
|
14 |
10245220 |
25/09/2010 |
15,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
AURANGABAD BRANCH, MADHU SHILP, PLOT NO. 6, C/2, |
A96745625 |
|
15 |
10245221 |
25/09/2010 |
35,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
AURANGABAD BRANCH, MADHU SHILP, PLOT NO. 6, C/2, |
A96745823 |
|
16 |
10243142 |
27/08/2010 |
1,270,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
KRANTI CHOWK, OSMANPURA, AURANGABAD, MAHARASHTRA |
A94127511 |
|
17 |
10243141 |
05/08/2010 |
560,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
KRANTI CHOWK, OSMANPURA, AURANGABAD, MAHARASHTRA |
A94127669 |
|
18 |
10213430 |
30/03/2010 |
107,400,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
AURANGABAB BRANCH, MADHU SHILP, PLOT NO. 6, C/2, |
A83699413 |
|
19 |
10211567 |
22/03/2010 |
563,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
KRANTI CHOWK, OSMANPURA, AURANGABAD, MAHARASHTRA |
A82794694 |
|
20 |
10204249 |
08/02/2010 |
4,590,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
KRANTI CHOWK, OSMANPURA, AURANGABAD, MAHARASHTRA |
A79855722 |
|
21 |
10196206 |
05/12/2009 |
1,840,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
KRANTI CHOWK, OSMANPURA, AURANGABAD, MAHARASHTRA |
A76537810 |
|
22 |
10175516 |
12/08/2009 |
1,519,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
KRANTI CHOWK, OSMANPURA, AURANGABAD, MAHARASHTRA |
A69539948 |
|
23 |
10168736 |
04/07/2009 |
3,800,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
OSMANPURA, KRANTI CHOWK, AURANGABAD, MAHARASHTRA |
A66655051 |
|
24 |
10165459 |
25/06/2009 |
623,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
NIKADWARI LANE, GIRGAON, MUMBAI, MAHARASHTRA - 40
|
A64965619 |
|
25 |
10165457 |
05/06/2009 |
2,000,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
NIKADWARI LANE, GIRGAON, MUMBAI, MAHARASHTRA - 40
|
A64962236 |
|
26 |
10123981 |
09/09/2008 |
50,000,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
CIDCO, NEAR CIDCO BUS STAND,, CIDCO, AURANGABAD, |
A46333621 |
|
27 |
10123983 |
09/09/2008 |
40,000,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
CIDCO, NEAR CIDCO BUS STAND,, CIDCO, AURANGABAD, |
A46333605 |
|
28 |
10123984 |
05/09/2008 |
35,000,000.00 |
SARASWAT CO-OPERATIVE BANK LIMITED |
CIDCO, NEAR CIDCO BUS STAND,, CIDCO, AURANGABAD, |
A46333589 |
|
29 |
10085452 |
22/12/2007 |
100,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
PLOT NO. X - 23, WALUJ INDUSTRIAL AREA,, NEAR HOT
|
A31044738 |
|
30 |
10085904 |
12/12/2007 |
55,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ,, AURANGABAD,, AURANGABAD, MAHARASHTRA - 43
|
A31400054 |
|
31 |
10061070 |
13/07/2007 |
17,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
FORT BRANCH, FORT, MUMBAI, MAHARASHTRA - 400001,
I |
A19535772 |
|
32 |
10056121 |
28/05/2007 |
6,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
FORT BRANCH, FORT, MUMBAI, MAHARASHTRA - 400001,
I |
A17002346 |
|
33 |
10056122 |
28/05/2007 |
20,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
FORT BRANCH, FORT, MUMBAI, MAHARASHTRA - 400001,
I |
A17007113 |
|
34 |
10050795 |
23/03/2007 |
82,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
FORT BRANCH,FORT, MUMBAI, MAHARASHTRA - 400001,
IN |
A15099815 |
|
35 |
10047102 |
13/03/2007 |
10,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ, AURANGABAD, AURANGABAD, MAHARASHTRA - 4310
|
A13676663 |
|
36 |
10047108 |
13/03/2007 |
23,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ, AURANGABAD, AURANGABAD, MAHARASHTRA - 4310
|
A13675111 |
|
37 |
10047087 |
10/03/2007 |
6,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA - 431005,
IN |
A13677364 |
|
38 |
10047094 |
10/03/2007 |
24,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA - 431005,
INDIA |
A13677034 |
|
39 |
10047100 |
10/03/2007 |
7,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA - 431005,
INDIA |
A13677497 |
|
40 |
10047101 |
13/08/2010 * |
70,000,000.00 |
THE SARASWAT COOPERATIVE BANK LIMITED |
AURANGABAD BRANCH, MADHU SHILP, PLOT NO. 6, C/2, |
A94738564 |
|
41 |
10047105 |
10/03/2007 |
7,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA - 431005,
IN |
A13678388 |
|
42 |
10047104 |
10/02/2011 * |
15,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
AURANGABAD BRANCH, MADHU SHILP,PLOT NO. 6, C/2, |
B07193527 |
|
43 |
10036676 |
30/03/2010 * |
65,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
AURANGABAB BRANCH, MADHU SHILP, PLOT NO. 6, C/2, |
A83998757 |
|
44 |
10007667 |
29/05/2006 |
1,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA - 430033,
IN |
A01382746 |
|
45 |
10003157 |
10/02/2011 * |
35,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
AURANGABAD BRANCH, MADHU SHILP, PLOT NO.6,
C/2,TOWN CENTRE NEAR CIDCO BUS STAND, CIDCO, AURANGABAD, MAHARASHTRA -
431001, INDIA |
B07195035 |
|
46 |
10003158 |
27/04/2006 |
5,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
FORT BRANCH, SAILOR BLDG, 373/375, D N ROAD,
FORT, |
A00650325 |
|
47 |
10003318 |
27/04/2006 |
9,750,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
FORT BRANCH, SAILOR BLDG, 373/375, D N ROAD,
FORT, |
A00650580 |
|
48 |
10001974 |
13/08/2010 * |
180,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
AURANGABAD BRANCH, MADHU SHILP, PLOT NO. 6, C/2, |
A94086212 |
|
49 |
90374031 |
14/07/2004 |
4,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
50 |
90374026 |
27/04/2004 |
2,500,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
51 |
90374020 |
14/02/2004 |
6,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
52 |
90374019 |
14/07/2001 * |
48,900,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
53 |
90374014 |
24/09/2003 |
1,500,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
54 |
90374010 |
08/08/2003 |
1,500,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
55 |
90374003 |
30/04/2003 |
1,150,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
56 |
90373830 |
05/02/1998 |
500,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
GRANT ROAD, DR. D.B. ROAD, MUMBAI, MAHARASHTRA, I
|
- |
|
57 |
90373790 |
17/07/1997 |
500,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
GRANT ROAD, DR. D.B. ROAD, MUMBAI, MAHARASHTRA, I
|
- |
|
58 |
90373776 |
19/05/1997 |
1,500,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
|
59 |
90373773 |
21/04/1997 |
17,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
GRANT ROAD, DR. D.B. MARG, MUMBAI, MAHARASHTRA, I
|
- |
|
60 |
90373744 |
22/10/1997 * |
15,200,000.00 |
ICICI BANK LIMITED |
163 BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA,
INDI |
- |
|
61 |
90373699 |
16/12/1995 |
6,600,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
GRANT ROAD, DR. D.B. ROAD, MUMBAI, MAHARASHTRA, I
|
- |
|
62 |
90373690 |
21/04/1997 * |
10,500,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
63 |
90373681 |
25/07/1995 |
1,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
64 |
90373677 |
22/05/1996 * |
35,000,000.00 |
ICICI BANK
LIMITED |
163 BACKBAY RECLAMATION, MUMBAI, MAHARASHTRA,
INDI |
- |
|
65 |
90373605 |
16/10/1995 * |
2,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
66 |
90373556 |
31/03/1992 |
362,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
GRANT ROAD, DR. D.B. ROAD, MUMBAI, MAHARASHTRA, I
|
- |
|
67 |
90373438 |
06/01/1989 |
35,000,000.00 |
THE SARASWAT COOPERATIE BANK LIMITED |
WALUJ BRANCH, AURANGABAD, MAHARASHTRA, INDIA |
- |
|
68 |
90373359 |
03/09/1987 |
350,000.00 |
CENTRAL BANK OF INDIA |
M.G. ROAD, FORT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
69 |
90373318 |
25/11/1986 |
800,000.00 |
CENTRAL BANK OF INDIA |
M.G. ROAD, FORT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
70 |
90373315 |
15/06/1992 * |
800,000.00 |
CENTRAL BANK OF INDIA |
M.G. ROAD, FORT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
71 |
90373262 |
26/05/1993 * |
3,250,000.00 |
THE STATE INDUSTRIAL AND INVEST. CORP. OF
MAHARASHTR |
NIRMAL, NARIMAN POINT, MUMBAI, MAHARASHTRA, INDIA |
- |
|
72 |
90373195 |
12/06/1984 |
3,250,000.00 |
THE STATE INDUSTRIAL INVESTMENT CORP. OF
MAHARASHTRA LIMITED |
NIRMAL 1ST FLOOR, NARIMAN POINT, MUMBAI, MAHARASH
|
- |
Note: Registered office of the company has been
shifted from B-22 MIDC Industrial Area, Valunj, Aurangabad – 431136,
Maharashtra, India to the present address
w.e.f 28.01.2007
PERFORMANCE:
Turnover net of
excise during the year ended on 31st March 2012 was Rs.2768.082
Millions increased by 14.43% as against Rs.2418.915 Millions in previous year,
profit after tax during the year under report has increased to Rs.10.306
Millions against loss of Rs.6.246 Millions in the previous year on account of
increased in turnover and effective utilization of resources.
Export turnover of the company gaining new
heights year. Couple of year back there were negligible export and during the
year under review the export sales consist near to 8% of net sales of the
company. The company’s products especially laminates have been stable in
international markets because of competitive cost and internationally
acceptable quality of the product.
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Term loans from others |
122.663 |
36.769 |
|
Deferred Payment liabilities |
80.297 |
79.087 |
|
Loans and Advance from related parties |
270.604 |
209.467 |
|
Total |
473.564 |
325.323 |
CONTINGENT LIABILITY (AS ON 31.03.2012)
A. Guarantees
given by bank on behalf of the Company is for Rs.7.097 Millions.
B. In respect to Assessment
Year 2001-02, there is a IT demand u/s 271 (1) for Rs.4.361 Millions on the
erstwhile Jhaveri Flexi Laminate Private Limited. The company has appealed with
the Income tax Appellate Tribunal.
C. In respect to
Assessment Year 2003-04, there is a IT demand against assessment u/s 154 of
Rs.1.166 Millions on the erstwhile Jhaveri Flexi Laminate Private Limited. The
company has appealed with the Income Tax Appeallate Tribunal.
D. In respect to Assessment
Year 2005-06, there is a IT demand against assessment u/s 143 (3) of Rs.2.883
Millions on the erstwhile Jhaveri Flexi Laminate Private Limited. The company
has appealed with the Income Tax Appeallate Tribunal.
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Furniture and Fixture
· Vehicles
· Trade Mark
· Computer Equipment
· Office Equipment
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.64.69 |
|
|
1 |
Rs.100.80 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Report Prepared
by : |
KVT |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
32 |
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.