MIRA
INFORM REPORT
|
Report Date : |
23.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
RESIL CHEMICALS PRIVATE LIMITED (w.e.f. 14.02.1994) |
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Formerly Known
As : |
RELIANCE SILICONS (SOUTH) MARKETING PRIVATE LIMITED |
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Registered
Office : |
Unit No. 30, BCIE, Old Madras Road, Bangalore – 560 016, Karnataka |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
18.04.1991 |
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Com. Reg. No.: |
18-041568 |
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Capital
Investment / Paid-up Capital : |
Rs.48.000 Millions |
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CIN No.: [Company Identification
No.] |
U51102KA1991PTC041568 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHER06503A |
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PAN No.: [Permanent Account No.] |
AABCR2886H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of silicone based chemicals. |
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No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1500000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having satisfactory track
record. Management of the company has failed to file its financial for the
year 2013 with the government department. As per financials (2012), reserve of the company appears to be decent.
Latest profit and loss account of the company is not available. Trade relations are fair. Business is active. Payments are reported to
be usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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 |
ICRA |
|
Rating |
Term Loan Facilities = BBB+ |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
January 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Fund Based Facilities = A2+ |
|
Rating Explanation |
Have strong degree of safety and carry low
credit risk |
|
Date |
January 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. Rajesh |
|
Designation : |
Commercial Department |
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Contact No.: |
91-80-43486128 |
|
Date : |
20.12.2013 |
LOCATIONS
|
Registered Office : |
Unit No. 30, BCIE, Old Madras Road, Bangalore – 560016, Karnataka,
India |
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Tel. No.: |
91-80 43486100/ 43486128 |
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Fax No.: |
91-80-28512054 |
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E-Mail : |
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Website : |
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Corporate Office / Head Quarter : |
No.28 and 30, BCIE, Old Madras Road, Bangalore -560016, Karnataka,
India |
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Tel. No.: |
91-80-43486100 |
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Fax No.: |
91-80-28512054 |
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Marketing and
Customer Support / Factory : |
No.40 Graudacharpalya, Goshala Road, Mahavepur Post, Bangalore
-560048, Karnataka, India |
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Tel. No.: |
91-80-43486200 |
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Fax No.: |
91-80-28512475 |
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E-Mail : |
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Factory : |
· 101 Adbe villa, 1st floor, Plot No. 99, Near Char Police Station SV Road, Khar West, Mumbai – 400052, Maharashtra, India Fax No. : 91-2256777351 Email : marketing@resil.com · Plot No. 6, Ranjit Towers, Pakhowal Road, Pakhowal Road, Ludhiana – 141002, Punjab, India Email : marketing@resil.com · 108, Nutan Road Hous, B/4, Palanpur, Jakat Naka, Pal Road, Surat – 395003, Gujarat, India Fax No. :91-261-3095790 Email : marketing@resil.Com · Plot No. 53-57, IVth Phase, KIADB Industrial Area, Yerandahalli, Off Jagani Road, Bommasandra, Bangalore – 560099, Karnataka, India Tel No.: 91-80-43408500 |
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Branch Offices : |
· Ahmedabad · New Delhi · Tirupur · Bangladesh · Thailand · Kolkata · Ludhiana · Mumbai · Surat |
DIRECTORS
As on 26.09.2012
|
Name : |
Mr. Mohan Shankaranarayanan Madathedattu |
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Designation : |
Managing director |
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Address : |
22.04.1955 |
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Date of Birth/Age : |
18, Sunny Brookes, Sarjapur Road,
Bangalore-560 035, Karnataka, India |
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Date of Appointment : |
18.04.1991 |
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Din No.: |
01072454 |
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Other Directorship:
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Name : |
Mr. Vijayan Shankaranarayanan Madathetu |
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Designation : |
Managing Director |
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Address : |
T – 303, Ferns Court, No. 34, Viviani Road,
Richards Town, Bangalore - 560 005, Karnataka, India |
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Date of Birth/Age : |
30.03.1957 |
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Date of Appointment : |
18.04.1991 |
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DIN No.: |
01072385 |
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Other Directorship:
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Name : |
Mr. Sukumar Kunneth |
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Designation : |
Director |
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Address : |
No.22, Villa Del Mar, Sarjapura Road,
Bangalore – 560 034, Karnataka, India |
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Date of Birth/Age : |
09.05.1935 |
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Date of Appointment : |
15.11.2002 |
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DIN No.: |
00313896 |
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Other Directorship:
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Name : |
Mr. Rajeev Kizhakekanjirakatu Thangappannair |
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Designation : |
Whole-time director |
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Address : |
Flat No. C1-282, Sobha Hibiscus, Outer Ring
Road, Belandur Sarjapur Road, Bangalore-560 103, Karnataka, India |
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Date of Birth/Age : |
28.05.1957 |
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Date of Appointment : |
31.03.2003 |
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DIN No.: |
01591008 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
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Designation : |
Commercial Department |
MAJOR SHAREHOLDERS
As on 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Mohan Shankaranarayanan Madathedattu |
|
1920000 |
|
Mr. Vijayan Shankaranarayanan Madathetu |
|
1920000 |
|
Mrs. Gita
Kumar |
|
960000 |
|
Total |
|
4800000 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of silicone based chemicals. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Pakistan ·
Middle East |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
China ·
Thailand ·
UK |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
|
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Textile finishing agents |
|
N.A |
8,872 |
4,942.50 |
|
Others * |
|
N.A |
3,273 |
1,802.21 |
*Others include Mould release preparation, Enzymes, Organics and other speciality chemicals.
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
·
State
Bank Of India, Specialised Commercial Branch, Krishi Bhavan, First Floor,
Hudson Circle, Bangalore – 560001, Karnataka, India Contact No.: 91-80-22232266 ·
Catholic Syrian Bank Limited, St. Paticks Shopping Arcade Brigde Road, Bangalore -
560025, Karnataka, India |
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Facilities : |
Other Notes on Long Term Borrowings ·
Term loan from Banks are secured by way of
hypothecation of plant & machinery and by equitable mortgage of land and
buildings of the company at K.R Puram and Bommasandra Industrial Estate and
equitable mortgage of residential houses owned by the Company. ·
The Term loan from banks are guaranteed by
directors and their relatives and further by personal guarantees of the
Directors and a relative of the Directors. ·
The vehicle loans from other parties have been
secured by hypothecation of assets purchased under the loan agreement. These
loans are pending registration of charges. ·
Term loan from banks and other parties are
repayable in monthly instalments over the agreed repayment period. ·
There has been no default as on Balance Sheet
date in repayment of loans and interest. Short Term
Borrowings ·
Cash Credit from Banks are secured way of
hypothecation of inventories, book debts and by equitable mortgage of land
and buildings of the company at K.R Puram and Bommasandra Industrial Estate
Foreign Currency term loan is secured by hypothecation of plant and machinery
and other assets purchased out of bank finance. ·
Term loans from bank are guaranteed by the
directors and their relatives and further by personal guarantes of the
directors |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Varma and Varma Chartered Accountants |
|
Address : |
887, 11th Main, 4th Cross Hal, 2nd Stage, Bangalore – 560038,
Karnataka, India |
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PAN No.: |
AABFV9555E |
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Subsidiaries : |
N9 World Technologies Private Limited CIN No.: 24232KA2010TC082322 |
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Associates : |
Resil (Thailand) Limited |
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Partnership Firm : |
Siri Life Services |
CAPITAL STRUCTURE
As on 26.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Share |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4800000 |
Equity Share |
Rs.10/- each |
Rs.48.000
Millions |
|
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|
|
|
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 |
|
48.000 |
48.000 |
|
(b) Reserves & Surplus |
|
326.334 |
267.314 |
|
(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) |
|
374.334 |
315.314 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
2.118 |
43.973 |
|
(b) Deferred tax liabilities (Net) |
|
12.062 |
7.393 |
|
(c) Other long term liabilities |
|
11.093 |
9.169 |
|
(d) long-term provisions |
|
8.353 |
6.848 |
|
Total Non-current Liabilities (3) |
|
33.626 |
67.383 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
87.094 |
59.231 |
|
(b) Trade payables |
|
96.151 |
81.548 |
|
(c) Other current
liabilities |
|
49.412 |
64.562 |
|
(d) Short-term provisions |
|
30.422 |
15.922 |
|
Total Current Liabilities (4) |
|
263.079 |
221.263 |
|
|
|
|
|
|
TOTAL |
|
671.039 |
603.960 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
227.190 |
226.462 |
|
(ii) Intangible Assets |
|
10.295 |
5.370 |
|
(iii) Capital
work-in-progress |
|
0.000 |
2.056 |
|
(iv)
Intangible assets under development |
|
20.352 |
0.820 |
|
(b) Non-current Investments |
|
3.810 |
3.810 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
9.206 |
10.027 |
|
(e) Other Non-current assets |
|
0.129 |
1.148 |
|
Total Non-Current Assets |
|
270.982 |
249.693 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
133.142 |
117.568 |
|
(c) Trade receivables |
|
220.804 |
195.042 |
|
(d) Cash and cash
equivalents |
|
15.326 |
12.257 |
|
(e) Short-term loans and
advances |
|
28.774 |
28.392 |
|
(f) Other current assets |
|
2.011 |
1.008 |
|
Total Current Assets |
|
400.057 |
354.267 |
|
|
|
|
|
|
TOTAL |
|
671.039 |
603.960 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
48.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
192.426 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
240.426 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
123.510 |
|
|
2] Unsecured Loans |
|
|
1.100 |
|
|
TOTAL BORROWING |
|
|
124.610 |
|
|
DEFERRED TAX LIABILITIES |
|
|
6.434 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
371.470 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
202.030 |
|
|
Capital work-in-progress |
|
|
4.389 |
|
|
Expenditure during construction period |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.750 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
115.930 |
|
|
Assets held for disposal |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
187.268 |
|
|
Cash & Bank Balances |
|
|
10.059 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
32.993 |
|
Total
Current Assets |
|
|
346.250 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
97.595 |
|
|
Other Current Liabilities |
|
|
55.251 |
|
|
Provisions |
|
|
30.103 |
|
Total
Current Liabilities |
|
|
182.949 |
|
|
Net Current Assets |
|
|
163.301 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
371.470 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
980.000 |
800.836 |
723.200 |
|
|
|
[Approximately] |
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
|
655.923 |
567.500 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(Including
Interest and Depreciation) |
155.700 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
8.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
146.900 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
|
7.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
144.913 |
139.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
43.149 |
47.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
101.764 |
92.200 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
0.000 |
9.500 |
|
|
BALANCE CARRIED
TO THE B/S |
|
101.764 |
82.700 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
|
51.727 |
39.881 |
|
|
TOTAL EARNINGS |
|
51.727 |
39.881 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
|
30.243 |
33.692 |
|
|
TOTAL IMPORTS |
|
30.243 |
33.692 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
21.70 |
19.20 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
|
|
|
|
[Approximately] |
Above Information
has been parted By Mr. Rajesh (Commercial Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
12.71 |
12.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
24.73 |
68.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.46 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.24 |
0.33 |
0.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.60 |
1.89 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and advances from related parties |
1.100 |
1.100 |
|
Total |
1.100 |
1.100 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90306736 |
24/06/2009
* |
234,700,000.00 |
STATE
BANK OF INDIA |
SPECIALISED
COMMERCIAL BRANCH, KRISHI BHAVAN, FIR |
A67280826
|
|
2 |
90303805 |
31/03/2004 |
4,350,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATRIKS SHOPPING ARCADE BRIGADE ROAD, BANGALOR E, Karnataka - 560025, INDIA |
- |
|
3 |
90303788 |
21/08/2003 |
825,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
4 |
90305391 |
21/08/2003
* |
1,450,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
5 |
90305383 |
21/08/2003
* |
500,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
6 |
90307924 |
30/04/2002 |
1,466,464.00 |
THE
BANK OF NOVA SCOTIA. |
S.N.TOWER,
25/2; .M.G. ROAD, BANGALORE, Karnataka- 560001, INDIA |
- |
|
7 |
90306632 |
14/08/2002
* |
3,225,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
8 |
90308334 |
21/08/2003
* |
3,225,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
9 |
90305335 |
21/08/2003
* |
750,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
10 |
90303749 |
14/08/2002
* |
2,000,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
11 |
90306603 |
21/08/2003
* |
20,000,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATICKS SHOPPING ARCADE BRIGDE ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
12 |
90307812 |
31/03/2004
* |
29,948,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
ST.
PATRIKS SHOPPING ARCADE BRIGADE ROAD, BANGALOR E, Karnataka - 560025, INDIA |
- |
|
13 |
90307724 |
27/04/1998 |
5,980,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
BRIGADE
ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
14 |
90306495 |
25/03/1998 |
51,138.00 |
CEAT
FINANCIAL SERVICES LIMITED |
UNIT
NO - 6; PRESIDENCY, 82; STREET; MARLES ROAD, BENGALORE, Karnataka, INDIA |
- |
|
15 |
90308490 |
24/04/1996 |
13,750,000.00 |
CATHOLIC
SYRIAN BANK LIMITED |
BRIDGE
ROAD BRANCH, BANGALORE, Karnataka, INDIA |
- |
|
16 |
90307591 |
24/01/1996 |
13,000,000.00 |
THE
CATHOLIC SYRIAN BANK LIMITED |
BRIGADE
ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
17 |
90307461 |
11/06/1994 |
4,500,000.00 |
THE
CATHOLIC SYRIAN BANK LIMITED |
BRIGADE
ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
18 |
90304801 |
18/05/1994 |
2,500,000.00 |
THE
CATHOLIC SYRIAN BANK LIMITED |
BRIGADE
ROAD, BANGALORE, Karnataka - 560025, INDIA |
- |
|
19 |
90306150 |
13/08/1993 |
188,000.00 |
THE
CATHOLIC SYRIAN BANK LIMITED |
PURUSAWALKAM
BRANCH, MADRAS, Tamil Nadu - 600007, |
- |
|
20 |
90304711 |
31/03/1993 |
37,000.00 |
THE
CATHOLIC SYRIAN BANK LIMITED |
PURUSAWALKAM
BRANCH, MADRAS, Tamil Nadu - 600007, |
- |
|
21 |
90304666
|
07/10/1992 |
145,500.00 |
THE CATHOLIC SYRIAN BANK LIMITED |
PURUSAWALKAM, MADRAS, Tamil Nadu - 600007, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
- Land
- Leasehold
Improvements
- Buildings
- R and D
Assets
- Furniture and
Fixtures
- Computer
- Office
Equipment
- Vehicles
- Plant and
Machinery
- Lab
Equipment’s
- Electrical
Fittings
- Software
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.62.24 |
|
|
1 |
Rs.101.81 |
|
Euro |
1 |
Rs.84.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.