MIRA
INFORM REPORT
|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
D’DÉCOR HOME FABRICS PRIVATE LIMITED (w.e.f. 19.08.2010) |
|
|
|
|
Formerly Known
As : |
DICITEX DÉCOR PRIVATE LIMITED VIRENDER
PROCESSORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1071/ 1072, Solitaire Corporate Park, Building No.10, 167, Guru
Hargovindji Marg, Chakala, Andheri (East), Mumbai – 400 093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.03.1999 |
|
|
|
|
Com. Reg. No.: |
11-118945 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.37.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120MH1999PTC118945 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Premium Furnishing Fabrics,
Bed Shits etc. |
|
|
|
|
No. of Employees
: |
1300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. The ratings continue to reflect the company established market
position in the home furnishing segment, and strong operating efficiencies,
supported by its vertically integrated operations. Directors are reported to be experienced and respectable businessmen. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
trade terms and condition. Note: Latest financial for the year 2013 is not available with us. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c
(Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has been
launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: A |
|
Rating Explanation |
Adequate degree at safety and low credit risk. |
|
Date |
31.08.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A |
|
Rating Explanation |
Very strong degree at safety and lowest credit risk. |
|
Date |
31.08.2013 |
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 : |
Mr. Kalpesh |
|
Designation : |
Head of finance department |
|
Contact No.: |
91-22-66782000 |
|
Date : |
13.12.2013 |
LOCATIONS
|
Registered Office : |
1071/ 1072, Solitaire Corporate Park, Building No.10, 167, Guru
Hargovindji Marg, Chakala, Andheri (East), Mumbai – 400093, Maharashtra,
India |
|
Tel. No.: |
91-22-66782000 / 2020 |
|
Fax No.: |
91-22-66782001 / 2021 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
1081/1082, Solitaire Corporate Park – 10, 167, Guru
Hargovindji Marg, Andheri-Ghatkopar Link Road, Chakala, Andheri (East),
Mumbai – 400093, Maharashtra, India |
|
|
|
|
Factory : |
Plot No: G-15/ 1 and 2/ G-7 / E-26 (1), MIDC Tarapur,
Boisar, District Thane – 410506, Maharashtra, India |
|
Tel No.: |
91-2525-279384/ 270820 |
|
Fax No.: |
91-2525-271991 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Virender Kumar
Dharamchand Arora
|
|
Designation : |
Director |
|
Address : |
54 V. K. Cottage, JVPD Scheme, Juhu, Mumbai – 400049, Maharashtra,
Indiad |
|
Date of Birth/Age : |
05.04.1939 |
|
Date of Appointment : |
31.07.2000 |
|
DIN No.: |
00276052 |
|
PAN No.: |
AADPA3937H |
|
|
|
|
Name : |
Mr. Ajay Virender Arora |
|
Designation : |
Director |
|
Address : |
54 V. K. Cottage, JVPD Scheme, Juhu, Mumbai – 400049, Maharashtra,
India |
|
Date of Birth/Age : |
07.07.1968 |
|
Date of Appointment : |
28.07.1999 |
|
DIN No.: |
00276143 |
|
PAN No.: |
ADDPA6742R |
|
|
|
|
Name : |
Mrs. Simone Arora |
|
Designation : |
Director |
|
Address : |
54 V. K. Cottage, JVPD Scheme, Juhu, Mumbai – 400049, Maharashtra,
India |
|
Date of Birth/Age : |
12.12.1971 |
|
Date of Appointment : |
01.12.2012 |
|
DIN No.: |
03034132 |
|
|
|
|
Name : |
Mr. Amit Diwakar Sabley |
|
Designation : |
Director |
|
Address : |
D 804, Sadguru Complex, Phase – 1, Film City Road, Goregoan East,
Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
18.04.1977 |
|
Date of Appointment : |
07.05.2013 |
|
DIN No.: |
06584980 |
KEY EXECUTIVES
|
Name : |
Mr. Kalpesh |
|
Designation : |
Head of finance department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Virender Kumar Dharamchand Arora |
|
281250 |
|
Ajay Virender Arora |
|
3171000 |
|
Neena V. Arora |
|
281250 |
|
Simone A. Arora |
|
16500 |
|
|
|
|
|
Total |
|
3750000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Premium Furnishing Fabrics,
Bed Shits etc. |
|
|
|
|
Exports : |
|
|
Products : |
· Premium Furnishing Fabrics ·
Bed Shits |
|
Countries : |
·
USA ·
UK ·
UAE ·
Europe ·
Gulf ·
Thailand ·
Singapore |
|
|
|
|
Imports : |
|
|
Products : |
·
Machinery ·
Raw Material |
|
Countries : |
·
Italy ·
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Installed Capacity |
Actual Production (Including Outsourcing) |
|
|
|
|
|
Yarn |
1956 M. Tons |
9450442 Kgs |
|
Cloth |
17500000 Mtrs. |
16138992 Mtrs. |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
1300 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
v
Union Bank of Branch Santacruz (West), LA Avante, JN of S.V. Road and Main Avenue,
Santacruz (West), Mumbai – 400 054, Maharashtra, India v
ICICI Bank Limited ICICI Bank Towers, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors 1 : |
|
|
Name : |
KPMG Chartered Accountants |
|
|
|
|
Auditors2 : |
|
|
Name : |
Parikh Joshi and Kothare Chartered Accountants |
|
Address : |
49/2341, M.H.B. Colony, Gandhi Nagar, Bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Tel No.: |
91-22-26515396/ 26428494/ 26451439 |
|
Fax No.: |
91-22-26455867 |
|
E-Mail: |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFP1239N |
|
|
|
|
Sister Concern: |
D’ Decor Exports Private Limited
|
|
|
|
|
Associates: |
D C Synthetics Private Limited, India CIN: U99999MH1981PTC024438 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3750000 |
Equity Shares |
Rs.10/- each |
Rs.37.500 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 |
|
37.500 |
37.500 |
|
(b) Reserves & Surplus |
|
1201.505 |
1034.110 |
|
(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) |
|
1239.005 |
1071.610 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1315.083 |
813.843 |
|
(b) Deferred tax liabilities (Net) |
|
206.770 |
206.643 |
|
(c) Other long term liabilities |
|
4.503 |
1.879 |
|
(d) long-term provisions |
|
0.425 |
0.000 |
|
Total Non-current Liabilities (3) |
|
1526.781 |
1022.365 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
382.161 |
270.749 |
|
(b) Trade payables |
|
165.951 |
194.205 |
|
(c) Other current
liabilities |
|
422.149 |
533.866 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
970.262 |
998.820 |
|
|
|
|
|
|
TOTAL |
|
3736.047 |
3092.795 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2154.598 |
2018.128 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
377.614 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
32.892 |
17.046 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
2565.104 |
2035.174 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
497.409 |
513.128 |
|
(c) Trade receivables |
|
587.548 |
428.759 |
|
(d) Cash and cash
equivalents |
|
4.194 |
41.278 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
81.792 |
74.456 |
|
Total Current Assets |
|
1170.943 |
1057.621 |
|
|
|
|
|
|
TOTAL |
|
3736.047 |
3092.795 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
37.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1124.350 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
1161.850 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
822.200 |
|
|
2] Unsecured Loans |
|
|
541.513 |
|
|
TOTAL BORROWING |
|
|
1363.713 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2525.563 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2013.870 |
|
|
Capital work-in-progress |
|
|
0.005 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
392.307
|
|
|
Sundry Debtors |
|
|
264.665
|
|
|
Cash & Bank Balances |
|
|
1.542
|
|
|
Other Current Assets |
|
|
190.604
|
|
|
Loans & Advances |
|
|
14.491
|
|
Total
Current Assets |
|
|
863.609
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
211.505
|
|
|
Other Current Liabilities |
|
|
35.151
|
|
|
Provisions |
|
|
105.450
|
|
Total
Current Liabilities |
|
|
352.106
|
|
|
Net Current Assets |
|
|
511.503
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.185 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2525.563 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
3194.753 |
2479.786 |
|
|
|
Other Income |
|
48.353 |
17.799 |
|
|
|
TOTAL (A) |
3620.214 |
3243.106 |
2497.585 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumption |
|
1597.581 |
1219.425 |
|
|
|
Manufacturing/ Trading Expenses |
|
640.185 |
550.380 |
|
|
|
Salaries and Other Benefits |
|
70.123 |
56.343 |
|
|
|
Administration Expenses |
|
104.878 |
100.659 |
|
|
|
Selling and Distribution Expenses |
|
283.460 |
29.027 |
|
|
|
Preliminary Expenses |
|
0.037 |
0.037 |
|
|
|
Increase/ Decrease in Inventory |
|
(19.884) |
(38.043) |
|
|
|
TOTAL (B) |
3380.949 (Including
Financial Expenses and depreciation) |
2676.380 |
1917.828 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
566.726 |
579.757 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
107.528 |
96.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
459.198 |
483.454 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
274.795 |
266.764 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
239.265 |
184.403 |
216.690 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
71.870 |
68.000 |
76.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
167.395 |
116.403 |
140.530 |
|
|
|
|
|
|
|
|
|
Add |
CY Deferred Tax
Assets/(Liability) |
-- |
6.368 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1002.679 |
1092.919 |
952.355 |
|
|
|
|
|
|
|
|
|
Less |
PY Deferred Tax
Assets/(Liability) |
--- |
213.011 |
0.000 |
|
|
|
|
|
|
|
|
|
Add/ Less |
Short
Provision of Tax of Previous years |
--- |
0.000 |
0.034 |
|
|
|
|
|
|
|
|
|
Add/ Less |
Change in
Depreciation Method (Prior Period) |
-- |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1170.074 |
1002.679 |
1092.919 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material (Yarn) |
|
29.115 |
82.126 |
|
|
|
Chemical |
|
3.200 |
4.259 |
|
|
|
Packing Materials |
|
6.458 |
10.267 |
|
|
|
Consumable, Stores and Spares |
|
24.430 |
26.661 |
|
|
TOTAL IMPORTS |
NA |
63.203 |
162.991 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
44.64 |
31.04 |
37.47 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
4500.000 |
Expected Sales (2013-2014): Rs.5500.000 Millions
The above information has been parted by Mr. Kalpesh (Head of finance
department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.62
|
3.59 |
5.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
5.77 |
8.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.12
|
5.96 |
7.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.17 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.37
|
1.01 |
1.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21
|
1.06 |
2.45 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
148.948 |
203.755 |
NA
|
|
|
|
|
|
|
Total |
148.948 |
203.755 |
NA
|
|
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
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
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) |
Yes |
|
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 |
No |
|
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 |
Yes |
BUSINESS
OPERATION:
The gross sales
revenue and net profit after tax for the year at Rs. 3730.353 Millions and Rs.
167.395 Millions increased by 10.47% and 36.35% respectively. Other expenses at
Rs. 306.031 Millions is higher by 14%, due to increase in sales and promotion
and design expenses.
During the year,
overall business reported marginal growth, this was mainly due to decline in
global economy causing marginal decline in expected sales of the company,
however, even in the sluggish economy period, the brand DDECOR maintained its
firm holding and strongly immersed its presence in the market and the company
continued to be the largest producer of fabrics in India and third largest in
the World.
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances, others |
559.621 |
526.123 |
|
Total |
559.621 |
526.123 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10310593 |
22/11/2012 * |
450,000,000.00 |
ICICI BANK |
ICICI BANK
TOWERS, BANDRA-KURLA COMPLEX, BANDRA (E), MUMBAI, MAHARASHTRA - 400051, INDIA |
B62298393 |
|
2 |
10299265 |
20/06/2011 |
400,000,000.00 |
UNION BANK OF INDIA |
SANTACRUZ (WEST)
BRANCH, LA AVANTI, JN.OF.S.V.ROAD AND MAIN AVENUE, SANTACRUZ (W), MUMBAI,
MAHARASHTRA - 400054, INDIA |
B17698754 |
|
3 |
10051860 |
25/03/2013 * |
3,430,700,000.00 |
UNION BANK OF INDIA |
SANTACRUZ (WEST)
BRANCH,, LA AVANTI, JN.OF.S.V.ROAD AND MAIN AVENUE,, MUMBAI, MAHARASHTRA-
400054, INDIA |
B72056047 |
|
4 |
10045037 |
27/02/2007 |
200,000,000.00 |
UNION BANK OF INDIA |
SANTACRUZ
BRANCH,"LA-AVANTI', JUNCTION OF S.V.ROAD AND MAIN AVENUE S.V.ROAD,
MUMBAI, MAHARASHTRA - |
A13548128 |
|
5 |
90146893 |
10/12/2005 |
3,000,000.00 |
UNION BANK OF INDIA |
SANTACRUZ WEST
BRANCH; "LA-AVANTI" JUNCTION OF S.V, ROAD; MAIN AVENUE; S.V. ROAD;
SANTACRUZ WEST, MUMBAI, MAHARASHTRA - 400054, INDIA |
- |
|
6 |
90146828 |
20/01/2005 |
1,900,000.00 |
UNION BANK OF INDIA |
SANTACRUZ WEST
BRANCH; "LA-AVANTI" JUNCTION OF S.V, ROAD; MAIN AVENUE; S.V. ROAD;
SANTACRUZ WEST, MUMBAI, MAHARASHTRA - 400054, INDIA |
- |
|
7 |
90146825 |
12/01/2005 |
3,000,000.00 |
UNION BANK OF INDIA |
SANTACRUZ WEST
BRANCH; "LA-AVANTI" JUNCTION OF S.V, ROAD; MAIN AVENUE; S.V. ROAD;
SANTACRUZ WEST, MUMBAI, MAHARASHTRA - 400054, INDIA |
- |
|
8 |
80061922 |
21/08/2002 |
37,800,000.00 |
UNION BANK OF INDIA |
SANTACRUZ (W)
BRANCH, "LA-AVANTI", S.V.ROAD, SANTACRUZ (W), MUMBAI, MAHARASHTRA -
400054, INDIA |
- |
|
9 |
80061924 |
21/08/2002 |
50,000,000.00 |
UNION BANK OF INDIA |
SANTACRUZ (W)
BRANCH, "LA-AVANTI", S.V.ROAD, SANTACRUZ (W), MUMBAI, MAHARASHTRA -
400054, INDIA |
- |
|
10 |
90144049 |
21/08/2002 |
20,000,000.00 |
UNION BANK OF INDIA |
SANTACRUZ WEST
BRANCH; "LA-AVANTI" JUNCTION OF S.V, ROAD; MAIN AVENUE; S.V. ROAD;
SANTACRUZ WEST, MUMBAI, MAHARASHTRA - 400054, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Motor vehicles
·
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.62.13 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.