|
Report Date : |
30.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAJJAN INDIA LIMITED |
|
|
|
|
Formerly Known
As : |
SAJJAN IMPEX LIMITED |
|
|
|
|
Registered
Office : |
Matulya Centre, ‘A’ 12, Ground Floor, Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.09.1983 |
|
|
|
|
Com. Reg. No.: |
11-030874 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 38.191
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1983PLC030874 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS42160G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS6498M |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Specialty Chemicals |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 18660000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is a well established company having fine track record. Financial position of the company appears to be sound. Net worth of the
company seems to be decent. Directors are reported to be experienced and respectable businessmen. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. The company can be considered good for normal 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current
account deficit narrowed in the quarter ended September as government measures to
curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous month,
even while indicating the fifth successive monthly contraction, according the
HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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/ Head Office : |
Matulya Centre, ‘A’ 12, Ground Floor, Senapati Bapat Marg,
Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-24974400/ 24974401/ 24975700 |
|
Fax No.: |
91-22-24950588/ 24951098 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. 6117-19, GIDC, Ankleshwar, District Bharuch – 393003, Gujarat, India |
|
Tel. No.: |
91-2646-22180/ 52181 |
|
Fax No.: |
91-2646-52181 |
|
|
|
|
Factory 2 : |
Located at: v Dahej |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Kartikeya Maheshwari |
|
Designation : |
Director |
|
Address : |
Maheshwari House, 36 L Jagmohandas Marg, Mumbai – 400036, Maharashtra,
India |
|
Date of Birth/Age : |
28.10.1974 |
|
Date of Appointment : |
12.08.2004 |
|
DIN No.: |
00078494 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U99999MH1961PTC012229 |
UNIVERSAL
CHEMICALS AND INDUSTRIES PRIVATE LIMITED |
Whole-time
director |
01/12/2010 |
05/07/1994 |
- |
Active |
NO |
|
2 |
U51900MH1946PTC004815 |
JAYASHREE
TRADERS PRIVATE LIMITED |
Whole-time director |
01/08/2011 |
01/01/1996 |
- |
Active |
NO |
|
3 |
U24246MH1969PTC014478 |
IIRNS
PUBLICATIONS PRIVATE LIMITED |
Director |
31/07/1996 |
31/07/1996 |
23/07/2008 |
Active |
NO |
|
4 |
U67120MH1980PTC023349 |
RIVIERA
INVESTORS PRIVATE LIMITED |
Director |
02/11/1998 |
02/11/1998 |
- |
Active |
NO |
|
5 |
U74140MH1978PTC020492 |
UNIVERSAL
LABORATORIES PRIVATE LIMITED |
Director |
01/02/1999 |
01/02/1999 |
13/05/2010 |
Active |
NO |
|
6 |
U51900MH1983PLC030874 |
SAJJAN INDIA
LIMITED |
Director |
12/08/2004 |
12/08/2004 |
- |
Active |
NO |
|
7 |
U24119MH2006PTC164256 |
UNIVERSAL FINE
CHEMICALS PRIVATE LIMITED |
Director |
01/09/2006 |
01/09/2006 |
20/12/2008 |
Active |
NO |
|
8 |
U24233MH2007PLC170668 |
SAJJAN SPECIALTY
LIMITED |
Director |
08/05/2007 |
08/05/2007 |
- |
Active |
NO |
|
Name : |
Mr. Madhav Prasad Aggarwal |
|
Designation : |
Director |
|
Address : |
15-B, Darbhanga Mansion, 3rd Floor, 12, Carmichael Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
21.09.1962 |
|
Date of Appointment : |
25.12.1997 |
|
DIN No.: |
00109434 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51900MH1953PTC009132 |
AGARWAL
MARKETING PRIVATE LIMITED |
Director |
04/02/1985 |
04/02/1985 |
Active |
NO |
|
2 |
U25110MH1988PTC049781 |
SAJJAN OVERSEAS
PRIVATE LIMITED |
Director |
25/11/1988 |
25/11/1988 |
Active |
NO |
|
3 |
U24246MP1974PTC001269 |
SAJJAN CHEMICALS
PRIVATE LIMITED |
Director |
01/09/1997 |
01/09/1997 |
Active |
NO |
|
4 |
U51900MH1983PLC030874 |
SAJJAN INDIA
LIMITED |
Director |
25/12/1997 |
25/12/1997 |
Active |
NO |
|
5 |
U24233MH2007PLC170668 |
SAJJAN SPECIALTY
LIMITED |
Director |
08/05/2007 |
08/05/2007 |
Active |
NO |
|
6 |
U51900MH2007PTC170918 |
AGRASEN IMPEX
PRIVATE LIMITED |
Director |
17/05/2007 |
17/05/2007 |
Active |
NO |
|
7 |
U24233MH2010PTC198856 |
AGRASEN DYES AND
INTERMEDIATES PRIVATE LIMITED |
Director |
13/01/2010 |
13/01/2010 |
Active |
NO |
|
8 |
U70102MH2011PTC217100 |
AGARWAL VENTURES
PRIVATE LIMITED |
Director |
05/05/2011 |
05/05/2011 |
Active |
NO |
|
9 |
U45203MH2012PTC225944 |
AGARWAL SKY
HEIGHTS VENTURES PRIVATE LIMITED |
Director |
11/01/2012 |
11/01/2012 |
Active |
NO |
|
10 |
U45400MH2012PTC226148 |
AGARWAL HERITAGE
PRIVATE LIMITED |
Director |
17/01/2012 |
17/01/2012 |
Active |
NO |
|
Name : |
Mr. Rajkumar Seksaria |
|
Designation : |
Whole-time director |
|
Address : |
A-3, HImbndu, Sector 10, Navi Mumbai – 400703, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1951 |
|
Date of Appointment : |
16.03.2009 |
|
DIN No.: |
02604654 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51900MH1983PLC030874 |
SAJJAN INDIA
LIMITED |
Whole-time
director |
02/05/2010 |
16/03/2009 |
Active |
NO |
|
2 |
U24110MH1996PTC104121 |
SAJJAN CHEMICALS
AND INVESTMENTS PRIVATE LIMITED |
Director |
30/09/2009 |
20/03/2009 |
Active |
NO |
|
3 |
U24233MH2007PLC170668 |
SAJJAN SPECIALTY
LIMITED |
Director |
30/09/2009 |
20/03/2009 |
Active |
NO |
|
4 |
U51909MH2011PTC220827 |
ABHAY VENTURES
PRIVATE LIMITED |
Director |
10/08/2011 |
10/08/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Eshita M. Agrawal |
53500 |
|
Priyanka M. Agarwal |
11000 |
|
M. P. Agarwal HUF |
955400 |
|
Sushama M. Agarwal |
124000 |
|
Priyata International, |
700000 |
|
Om International, |
364000 |
|
Sajjan Overseas Private Limited, |
140000 |
|
Agarwal Marketing Private Limited, |
977200 |
|
Manisha Saraf |
10 |
|
Madhav Prasad Agarwal |
493990 |
|
TOTAL
|
3819100 |
AS ON 27.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
29.25 |
|
Directors or relatives of Directors |
42.89 |
|
Others |
27.86 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Specialty Chemicals. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
v Standard Chartered
Bank, Crescenzo, 3A/F, Plot No.C-38 and C-39, G Block, Bandra Kurla Complex,
Bandra (East), Mumbai-400051, Maharashtra, India v ABN Ambro Bank
N.V., 74, Sakhar Bhavan, 7th Floor, Nariman Point, Mumbai –
400021, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sankarlal Jain and Associates Chartered Accountants |
|
Address : |
12, Engineer Building, 265 Princess Street, Mumbai – 400002,
Maharashtra, India |
|
PAN No.: |
AACFS6967Q |
|
|
|
|
Subsidiaries : |
Abhay Ventures
Private Limited CIN No.:- U51909MH2011PTC220827 Agarwal Heritage
Private Limited CIN No.:- U45400MH2012PTC226148 Agarwal Sky
Heights Ventures Private Limited CIN No.:- U45203MH2012PTC225944 Agarwal Ventures
Private Limited CIN No.:- U70102MH2011PTC217100 Agrasen Dyes And
Intermediates Private Limited CIN No.:- U24233MH2010PTC198856 Agrasen Impex
Private Limited CIN No.:- U51900MH2007PTC170918 Sajjan Specialty
Limited CIN No.:- U24233MH2007PLC170668 |
|
|
|
|
Associates : |
Sajjan Chemicals
Private Limited CIN No.:- U24246MP1974PTC001269 |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3819100 |
Equity Shares |
Rs.10/- each |
Rs. 38.191
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
38.191 |
38.191 |
0.500 |
|
(b) Reserves & Surplus |
4627.459 |
4121.217 |
0.000 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
4665.650 |
4159.408 |
0.500 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
101.908 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
0.000 |
0.000 |
101.908 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
383.682 |
235.801 |
0.000 |
|
(b) Trade payables |
396.694 |
327.033 |
0.000 |
|
(c) Other current
liabilities |
75.058 |
72.657 |
1.154 |
|
(d) Short-term provisions |
6.123 |
4.560 |
0.000 |
|
Total Current Liabilities (4) |
861.557 |
640.051 |
1.154 |
|
|
|
|
|
|
TOTAL |
5527.207 |
4799.459 |
103.562 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
861.220 |
687.424 |
97.272 |
|
(ii) Intangible Assets |
0.824 |
1.024 |
0.000 |
|
(iii) Capital
work-in-progress |
18.020 |
114.907 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1336.671 |
414.363 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
536.790 |
644.315 |
0.050 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
2753.525 |
1862.033 |
97.322 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
584.124 |
1245.958 |
0.000 |
|
(b) Inventories |
874.123 |
723.861 |
0.000 |
|
(c) Trade receivables |
917.955 |
580.128 |
0.000 |
|
(d) Cash and cash
equivalents |
13.803 |
11.444 |
0.042 |
|
(e) Short-term loans and
advances |
354.211 |
361.621 |
0.000 |
|
(f) Other current assets |
29.466 |
14.414 |
6.198 |
|
Total Current Assets |
2773.682 |
2937.426 |
6.240 |
|
|
|
|
|
|
TOTAL |
5527.207 |
4799.459 |
103.562 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3647.629 |
2780.988 |
2704.861 |
|
|
|
Other Income |
130.425 |
129.935 |
62.526 |
|
|
|
TOTAL (A) |
3778.054 |
2910.923 |
2767.387 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
1918.269 |
1352.166 |
1053.764 |
|
|
|
Purchase of Stock In Trade |
28.011 |
78.866 |
114.610 |
|
|
|
Employee benefits expenses |
205.836 |
147.442 |
120.107 |
|
|
|
Other Expenses |
884.231 |
673.093 |
586.982 |
|
|
|
Changes in inventories of Finished goods, work in progress and stock
in trade |
(70.904) |
24.209 |
(21.752) |
|
|
|
TOTAL (B) |
2965.443 |
2275.776 |
1853.711 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
812.611 |
635.147 |
913.676 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.214 |
6.021 |
4.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
801.397 |
629.126 |
909.492 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
151.467 |
145.031 |
131.888 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
649.930 |
484.095 |
777.604 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
130.000 |
100.000 |
158.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
519.930 |
384.095 |
619.604 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of goods exported |
3277.648 |
2411.574 |
2371.053 |
|
|
TOTAL EARNINGS |
3277.648 |
2411.574 |
2371.053 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
681.978 |
318.853 |
439.877 |
|
|
TOTAL IMPORTS |
681.978 |
318.853 |
439.877 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
136.14 |
100.57 |
153.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
13.76
|
13.19 |
22.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.82
|
17.41 |
28.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.58
|
11.34 |
750.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.12 |
1555.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.08
|
0.06 |
203.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.22
|
4.59 |
5.41 |
LOCAL AGENCY FURTHER INFORMATION
|
CASE DETAILS BENCH:-BOMBAY
|
||||||||||||||||||||||||||||||||||||||
|
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) |
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 |
No |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10182498 |
01/07/2013 * |
400,000,000.00 |
Standard Chartered Bank |
Crescenzo, 3A/F, Plot no. C-38 and C-39, G
Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra - 400051, India |
B81720625 |
|
2 |
90236323 |
13/03/2008 * |
500,000,000.00 |
ABN Amro Bank N. V. |
74, Sakhar Bhavan, 7th Floor, Nariman Point,
Mumbai, Maharashtra - 400021, India |
A34955278 |
|
3 |
90235417 |
18/09/1989 |
5,000,000.00 |
Bank Of India |
Bombay Overseas Branch, 3rd Floor; C Wing
Mittal Tower; Nariman Point, Mumbai, Maharashtra, India |
- |
|
4 |
90235340 |
18/08/1993 * |
3,500,000.00 |
Bank Of India |
Bombay Overseas Branch, 3rd Floor; C Wing
Mittal Tower; Nariman Point,
Mumbai, Maharashtra, India |
- |
|
* Date of charge modification |
||||||
PERFORMANCE
During the year, the
Company has earned income from operation of Rs. 3778.053 Millions in comparison
to Rs. 2910.923 Millions in the previous year. The Company has earned net
profit after tax of Rs. 519.930 Millions as compared to Rs. 384.095 Millions
during the previous year. The directors are hopeful of better performance in
the current financial year.
FIXED ASSETS
· Goodwill
· Lease Hold Land
· Plot at Lonawala
· Factory Building
· Factory Building (CPP)
· Bungalow and Flats
· Admin Building
· Lab Premises
· Plant and Machinery
· Plant and Machinery (CPP)
· Electrical Installations
· Laboratory Equipment
· Office Equipment
· Computer
· Furniture and Fixture
· Vehicles
· Cycles
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. 62.09 |
|
|
1 |
Rs. 102.03 |
|
Euro |
1 |
Rs. 85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
52 |
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.