MIRA
INFORM REPORT
|
Report Date : |
23.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
ESTEEM INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot Nos.76/77, Pissurlem Industrial Estate, Pissurlem, Sattari, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
26.12.2001 |
|
|
|
|
Com. Reg. No.: |
24-003056 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.25.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GA2001PTC003056 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
BLRE01476G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE9474F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Chemicals used in Textile Industry,
Leather Industry, etc. |
|
|
|
|
No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its latest financials of
2013 with government department. As per of 2012, rating takes into consideration company profit
vulnerable to any adverse fluctuation in raw material prices and intense
competition pressure due to fragmented industry structure. 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.
INDIAN ECONOMIC OVERVIEW
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been ranked
83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan = BB+ (Suspended) |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
October 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based facilities = A4+ (Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
October 2013 |
Reason for Suspension: Absence of requisite
information from company.
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. Uttam |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9822125358 |
|
Date : |
19.12.2013 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot Nos.76/77, Pissurlem Industrial Estate, Pissurlem, Sattari, Goa –
403530, |
|
Tel. No.: |
91-832-6613228/ 2352001/ 2352002/ 2352003/ 2352004/ 6616607 |
|
Mobile No.: |
91-9822125358 (Mr. Uttam) |
|
Fax No.: |
91-832-2362257 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
7500 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Bicholim Industrial Estate, Bicholim, |
|
Tel. No.: |
91-832-6613228 |
|
Area : |
7500 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory 3 : |
Vikramgod, Thane, |
|
|
|
|
Branch Office : |
1207, Navjivan-3, |
|
Tel. No.: |
91-22 – 23002030 |
|
Fax No.: |
91-22 – 23002031 |
|
Area : |
150 sq. ft. |
|
Location : |
Rented |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Amol Ashok Walke |
|
Designation : |
Director |
|
Address : |
D-29, Shushila Housing Board Colony, Mapusa, Bardez, Goa – 403507, |
|
Date of Birth/Age : |
31.10.1983 |
|
Qualification : |
PHD in Chemical |
|
Date of Appointment : |
21.01.2002 |
|
DIN No.: |
00664315 |
|
|
|
|
Name : |
Mr. Keki Pheroz Gandhi |
|
Designation : |
Director |
|
Address : |
Hari Niwas, |
|
Date of Birth/Age : |
01.02.1937 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.01.2002 |
|
DIN No.: |
00664567 |
KEY EXECUTIVES
|
Name : |
Mr. Uttam |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Keki Pheroz Gandhi |
125000 |
|
Anjali A. Walke |
112500 |
|
Amol A. Walke |
12500 |
|
Total |
250000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Chemicals used in Textile
Industry, Leather Industry, etc. |
|
|
|
|
Exports : |
|
|
Products : |
Intermediate Chemicals |
|
Countries : |
·
·
·
·
·
·
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
350 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· The Saraswat Co Operative Bank Limited, Tristar Building, 2nd Floor, EDC Complex, Patto Plaza, Panjim, Goa - 403001, Goa, India · HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India Tel No.: 91-22-33667777 |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
· Pyramid Finance Private Limited, Salgaocar House, F Luis Gomes Road, Vasco Da Gama, Goa - 403802, Goa, India · Tata Capital Financial Services Limited, One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India · The Royal Bank of Scotland N. V., 4, North Avenue, Level 3, Maker Maxity, Bandra Kurla Complex, Bandra East, Mumbai - 400051, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
B Y and Associates Chartered Accountants |
|
Address : |
510-513, Apeejay House, 130, Mumbai Samachar Marg, fort,
Mumbai – 400023, Maharashtra, India |
|
PAN No.: |
AAFFB0462N |
|
|
|
|
Associates : |
· Grand Organics Private Limited CIN NO.: U24119GA1994PTC001573 · Venus Ethoxyethers Pvt Ltd CIN NO.: U24119GA1990PTC001099 · VIC Industries |
|
|
|
|
Other Related Parties : |
Dyna Glycols Private Limited CIN NO.:U24119MH2006PTC164262 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/-
each |
Rs.25.000
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 |
|
25.000 |
25.000 |
|
(b) Reserves & Surplus |
|
249.831 |
196.677 |
|
(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) |
|
274.831 |
221.677 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
135.179 |
77.390 |
|
(b) Deferred tax liabilities (Net) |
|
12.620 |
2.495 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
59.902 |
42.901 |
|
Total Non-current Liabilities (3) |
|
207.701 |
122.786 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
279.672 |
280.698 |
|
(b) Trade payables |
|
281.588 |
223.218 |
|
(c) Other current
liabilities |
|
66.660 |
34.382 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities (4) |
|
627.920 |
538.298 |
|
|
|
|
|
|
TOTAL |
|
1110.452 |
882.761 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
250.180 |
196.581 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
13.477 |
8.458 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
63.086 |
59.395 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
326.768 |
264.459 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
145.693 |
109.298 |
|
(c) Trade receivables |
|
474.992 |
338.096 |
|
(d) Cash and cash
equivalents |
|
53.157 |
49.046 |
|
(e) Short-term loans and
advances |
|
109.842 |
121.862 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
783.684 |
618.302 |
|
|
|
|
|
|
TOTAL |
|
1110.452 |
882.761 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
25.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
146.299 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
171.299 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
224.801 |
|
|
2] Unsecured Loans |
|
|
27.930 |
|
|
TOTAL BORROWING |
|
|
252.731 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
424.030 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
89.809 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.025 |
|
|
DEFERREX TAX ASSETS |
|
|
1.124 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
56.112 |
|
|
Sundry Debtors |
|
|
243.540 |
|
|
Cash & Bank Balances |
|
|
50.491 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
111.475 |
|
Total
Current Assets |
|
|
461.618 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
97.145 |
|
|
Other Liabilities |
|
|
|
|
|
Provisions |
|
|
31.401 |
|
Total
Current Liabilities |
|
|
128.546 |
|
|
Net Current Assets |
|
|
333.072 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
424.030 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2003.097 |
1289.625 |
878.068 |
|
|
|
Other Income |
7.690 |
7.263 |
5.595 |
|
|
|
TOTAL (A) |
2010.787 |
1296.888 |
883.663 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
1832.106 |
|
701.755 |
|
|
|
Employees Remuneration |
|
|
21.358 |
|
|
|
Operating and Establishment Expenses |
|
|
70.286 |
|
|
|
Selling and Administrative Expenses |
|
|
8.473 |
|
|
|
TOTAL (B) |
1832.106 |
1185.373 |
801.872 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
178.681 |
112.368 |
81.791 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
71.518 |
44.582 |
42.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
107.163 |
67.786 |
39.517 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION (F) |
27.885 |
13.935 |
9.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
79.278 |
53.851 |
30.399 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
26.125 |
15.973 |
13.258 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
53.153 |
37.878 |
17.141 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
184.177 |
146.299 |
129.158 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
237.330 |
184.177 |
146.299 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
212.62 |
151.51 |
68.57 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
2500.000 |
|
|
|
|
|
The above information has been parted by Mr. Uttam.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.64
|
2.92 |
1.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.96
|
4.18 |
3.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.23
|
6.16 |
5.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29
|
0.24 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.51
|
1.62 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25
|
1.15 |
3.59 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG-TERM DEBT
(Rs. in Millions)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current maturities of long-term debt |
46.328
|
17.033 |
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 |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
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 |
LITIGATION
DETAILS:
HIGH
COURT OF GUJARAT
|
Reg. No. :- EXA / 14 / 2008 |
Stamp No. :- STM / 1464 / 2008 |
|||||
|
Case Status : |
Pending (Final Hearing) |
|||||
|
Petitioner : |
1. Commissioner of Central Excise |
|||||
|
Respondent : |
1. Esteem Industries Private Limited |
|||||
|
Petitoner
Adv. : |
Mr. Joseph Vaz |
|||||
|
Respondent
Adv. : |
Mr. R. Srivastava Fro Pesp |
|||||
|
District : |
North Goa |
|||||
|
Bench : |
Division |
|||||
|
Act : |
Central Excise & Salt Act |
|||||
|
Category : |
Excise appeal (D.B.) |
|||||
|
Case Stage : |
FOR FINAL HEARING |
|||||
|
Hearing Date : |
Monday, December 02, 2013 |
|||||
|
||||||
|
This Case is updated on : Monday, November 25, 2013 |
||||||
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Term loans from banks |
1.437 |
0.000 |
|
Loans and advances from related parties |
20.805 |
21.567 |
|
Other loans and advances |
10.797 |
0.000 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
223.227 |
234.315 |
|
Loans repayable on demand from banks |
32.718 |
28.103 |
|
Loans repayable on demand from others |
23.728 |
18.280 |
|
Total |
312.712 |
302.265 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10452593 |
11/09/2013 |
20,000,000.00 |
PYRAMID FINANCE Private Limited |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, Goa - 403802, INDIA |
B86488830 |
|
2 |
10436879 |
19/06/2013 |
11,100,000.00 |
THE SARASWAT CO OP BANK LIMITED |
TRISTAR BUILDING, 2ND FLOOR, EDC COMPLEX,, PATTO PLAZA, PANJIM, GOA, Goa - 403001, INDIA |
B79641353 |
|
3 |
10428755 |
02/05/2013 |
10,000,000.00 |
PYRAMID FINANCE Private Limited |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, Goa - 403802, INDIA |
B76105972 |
|
4 |
10429469 |
30/04/2013 |
1,110,803.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B76471812 |
|
5 |
10421095 |
02/04/2013 |
21,000,000.00 |
PYRAMID FINANCE Private Limited |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, Goa - 403802, INDIA |
B73574071 |
|
6 |
10406356 |
29/01/2013 |
4,000,000.00 |
PYRAMID FINANCE Private Limited |
SALGAOCAR HOUSE, FLUIS GOMES ROAD, VASCO DA GAMA, GOA, Goa - 403802, INDIA |
B68791482 |
|
7 |
10405762 |
29/01/2013 |
11,000,000.00 |
PYRAMID FINANCE Private Limited |
SALGAOCAR HOUSE, FLUIS GOMES ROAD, VASCO DA GAMA, GOA, Goa - 403802, INDIA |
B68841253 |
|
8 |
10403073 |
08/01/2013 |
3,820,000.00 |
PYRAMID FINANCE Private Limited |
SALGAOCAR HOUSE, FLUIS GOMES ROAD, VASCO DA GAMA, GOA, Goa - 403802, INDIA |
B68098581 |
|
9 |
10376284 |
05/09/2012 |
3,000,000.00 |
PYRAMID FINANCE Private Limited |
SALGAOCAR HOUSE, FLUIS GOMES ROAD, VASCO DA GAMA, GOA, Goa - 403802, INDIA |
B58013178 |
|
10 |
10358676 |
30/01/2013 * |
130,000,000.00 |
The Royal Bank of Scotland N. V. |
4, North Avenue, Level 3, Maker Maxity, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra - 400051, INDIA |
B67336693 |
|
11 |
10357474 |
08/05/2012 |
2,400,000.00 |
PYRAMID FINANCE Private Limited |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, Goa - 403802, INDIA |
B40288482 |
|
12 |
10352433 |
20/04/2012 |
31,500,000.00 |
PYRAMID FINANCE Private Limited |
SALGAOCAR HOUSE, F LUIS GOMES ROAD, VASCO DA GAMA, GOA, Goa - 403802, INDIA |
B38480265 |
|
13 |
10342116 |
07/03/2012 |
3,870,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B35002708 |
|
14 |
10340518 |
28/12/2012 * |
130,000,000.00 |
The Royal Bank of Scotland N. V. |
4, North Avenue, Level 3, Maker Maxity, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra - 400051, INDIA |
B65516098 |
|
15 |
10289638 |
20/05/2011 |
70,000,000.00 |
SBI GLOBAL FACTORS LIMITED |
6TH FLOOR, METROPOLITAN BUILDING, BANDRA-KURLA, COMPLEX, BANDRA(EAST), MUMBAI, Maharashtra - 400051 INDIA |
B14060354 |
|
16 |
10237536 |
04/09/2013 * |
139,300,000.00 |
TATA CAPITAL FINANCIAL SERVICES LIMITED |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai, |
B85703817 |
|
17 |
10227685 |
18/06/2010 |
600,000.00 |
THE SARASWAT CO OPERATIVE BANK LIMITED |
TRISATR BUILDING , 2ND FLOOR, EDC BUILDING, PATTO PLAZA, PANAJI, Goa - 403001, INDIA |
A89086789 |
|
18 |
10184042 |
19/10/2009 |
25,400,000.00 |
THE SARASWAT CO OPERATIVE BANK LIMITED |
TRISTAR BUILDING, 2ND FLOOR,EDC COMPLEX, PATTO PLAZA, PANJIM, Goa - 403001, INDIA |
A72764228 |
|
19 |
10122827 |
11/09/2008 |
71,500,000.00 |
3i Infotech Trusteeship Services Limited |
3rd to 6th floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai, Maharashtra - 400703, INDIA |
A46104964 |
|
20 |
10126505 |
09/09/2008 |
71,500,000.00 |
3i Infotech Trusteeship Services Limited |
3rd to 6th floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai, Maharashtra - 400703, INDIA |
A49198450 |
|
21 |
10089909 |
12/12/2007 |
35,000,000.00 |
3i Infotech Trusteeship Services Limited |
3rd to 6th floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai, Maharashtra - 400703, INDIA |
A31933492 |
|
22 |
10087701 |
30/11/2007 |
35,000,000.00 |
3i Infotech Trusteeship Services Limited |
3rd to 6th floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai, Maharashtra - 400703, INDIA |
A31931900 |
|
23 |
80008699 |
02/08/2006 |
187,000,000.00 |
ICICI BANK LTD |
MUMBAI, MUMBAI, Maharashtra - 400051, INDIA |
- |
|
24 |
80008801 |
12/03/2013 * |
305,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B71856348 |
* Date of charge modification
FIXED ASSETS:
- Land
- Factory
Buildings
- Plant and
Machinery
- Borewell
- Computers
- D G Set
- Drum Drier
- Effluent
Treatment Plant
- Electrification
- Furniture and
Fixtures
- Laboratory
Equipments
- Nitrogen Gas
generator
- Office Equipments
- Safety
Equipments
- Stacker and
Truck
- Storage Tanks
and Accessories
- Weighing
Scale
- Tools
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.24 |
|
|
1 |
Rs.101.81 |
|
Euro |
1 |
Rs.84.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
34 |
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.