MIRA
INFORM REPORT
|
Report Date : |
25.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
COATINGS AND COATINGS (INDIA) PRIVATE LIMITED |
|
|
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Registered
Office : |
J-55, Taloja, MIDC, Taloja, District Raigadh-410208, Maharashtra |
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Country : |
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|
Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
27.09.1994 |
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|
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|
Com. Reg. No.: |
11-081488 |
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|
Capital
Investment/ Paid-up Capital: |
Rs.0.477
Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U24220MH1994PTC081488 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturing and Trading of Foundry and Wood Furniture Polish. |
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|
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|
No. of
Employees: |
60 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 110000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported as fair. Business is active, Payments are reported to be usually
correct and as per commitments. 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Hirendra |
|
Designation : |
General Manager |
|
Contact No.: |
91-22-25006894 |
|
Date : |
23.07.2013 |
LOCATIONS
|
Registered Office/ Factory : |
J-55, Taloja, MIDC, Taloja, District Raigadh-410208, Maharashtra,
India |
|
Tel No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Corporate Office : |
104, Hill View Industrial Estate, 1st Floor, L. B. S Marg, Amrut
Nagar, Ghatkopar (West), Mumbai-400086, Maharashtra, India |
|
Tel. No.: |
91-22-25006894 / 98 / 99 |
|
Fax No.: |
91-22-25006871 |
|
E-Mail : |
DIRECTORS
AS ON 25.09.2012
|
Name : |
Mr. Manish Kantilal Bhayani |
|
Designation : |
Director |
|
Address : |
2101-B, Sovereign, Hiranandani, Gardens, Pwai, Mumbai-400076,
Maharashtra, India |
|
Date of Birth/Age : |
13.10.1963 |
|
Date of Appointment : |
27.09.1994 |
|
DIN No. : |
00738649 |
|
|
|
|
Name : |
Mr. Darshak Bhayani |
|
Designation : |
Director |
|
Address : |
Block No. B-5, Paras C.H.S., Navroji Lane, Ghatkopar (West),
Mumbai-400086, Maharashtra, India |
|
Date of Birth/Age : |
07.06.1972 |
|
Date of Appointment : |
27.09.1994 |
|
DIN No. : |
00739525 |
KEY EXECUTIVES
|
Name : |
Mr. Hirendra |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25.09.2012
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 25.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
10.27 |
|
Other
top fifty shareholders |
|
89.73 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Foundry and Wood Furniture Polish. |
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|
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|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
China |
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|
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Terms : |
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|
Selling : |
Credit |
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|
|
|
Purchasing : |
Credit / Depends |
PRODUCTION STATUS [AS ON 31.03.2012]
|
Particulars |
Unit |
Installed
Capacity [Qty
in ‘000] |
Actual
Production [Qty
in ‘000] |
|
Foundry Chemicals |
Kg. |
2400 |
2198 |
|
Paints and Varnishes |
Kg. |
1200 |
1080 |
GENERAL INFORMATION
|
Suppliers : |
·
Advance Chemicals ·
Delta Chemicals ·
Ashapura Minechem Limited ·
Harihar Organics Private Limited ·
Hind Minerals ·
H.K. Enterprises ·
Krishna Overseas ·
Poonam Impex ·
Prathmesh Dye Chem Private Limited ·
Rajasthan Rare Earths ·
Tirupati Enterprises ·
Universal Plastics |
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Customers : |
End Users |
|||||||||||||||||||||
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No. of Employees : |
60 [Approximately] |
|||||||||||||||||||||
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Bankers : |
·
The Saraswat Co-operative Bank Limited, SME
Vikhroli Branch, Prabhat Bhavan, LBS Marg, Vikhroli (West), Mumbai-400079,
Maharashtra, India ·
HDFC Bank ·
IDBI Bank ·
Corporation Bank |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Jayesh Sanghrajka and Company Chartered Accountants |
|
Address : |
Unit No. 405-408, 4th Floor, Hind Rajasthan Centre, D.S.
Phalke Road, Dadar (East), Mumbai-400014, Maharashtra, India |
|
Tel. No.: |
91-22-40774600 (18 Lines) |
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Fax No.: |
91-22-40774506 |
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Email: |
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PAN No: |
AADFJ9072C |
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|
|
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Associates/Subsidiaries : |
·
Malaychem Industries ·
Lens Services ·
M. K. Traders |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
47700 |
Equity Shares |
Rs.10/- each
|
Rs.0.477
Million |
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 |
|
0.477 |
0.477 |
|
(b) Reserves & Surplus |
|
27.140 |
18.561 |
|
(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) |
|
27.617 |
19.038 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
1.874 |
2.759 |
|
(b) Deferred tax liabilities (Net) |
|
0.732 |
0.525 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
2.606 |
3.284 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
84.244 |
53.910 |
|
(b)
Trade payables |
|
35.657 |
21.467 |
|
(c)
Other current liabilities |
|
3.094 |
1.815 |
|
(d) Short-term
provisions |
|
5.175 |
2.585 |
|
Total Current
Liabilities (4) |
|
128.170 |
79.777 |
|
|
|
|
|
|
TOTAL |
|
158.393 |
102.099 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
41.678 |
19.512 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.624 |
0.623 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
1.928 |
1.371 |
|
(e) Other
Non-current assets |
|
0.064 |
0.064 |
|
Total Non-Current
Assets |
|
44.294 |
21.570 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
22.363 |
17.813 |
|
(c)
Trade receivables |
|
82.908 |
56.262 |
|
(d) Cash
and cash equivalents |
|
2.472 |
2.654 |
|
(e)
Short-term loans and advances |
|
0.319 |
0.450 |
|
(f)
Other current assets |
|
6.037 |
3.350 |
|
Total
Current Assets |
|
114.099 |
80.529 |
|
|
|
|
|
|
TOTAL |
|
158.393 |
102.099 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.477 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
12.817 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
13.294 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
22.752 |
|
|
2] Unsecured Loans |
|
|
20.517 |
|
|
TOTAL BORROWING |
|
|
43.269 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.339 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
56.902 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
11.980 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.624 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
11.584 |
|
|
Sundry Debtors |
|
|
42.975 |
|
|
Cash & Bank Balances |
|
|
2.417 |
|
|
Other Current Assets |
|
|
3.449 |
|
|
Loans & Advances |
|
|
0.423 |
|
Total
Current Assets |
|
|
60.848 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
13.514 |
|
|
Other Current Liabilities |
|
|
1.127 |
|
|
Provisions |
|
|
1.909 |
|
Total
Current Liabilities |
|
|
16.550 |
|
|
Net Current Assets |
|
|
44.298 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
56.902 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
250.697 |
156.678 |
108.468 |
|
|
|
Other Income |
0.149 |
0.327 |
0.456 |
|
|
|
TOTAL (A) |
250.846 |
157.005 |
108.924 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
199.051 |
123.680 |
|
|
|
|
Employee benefits expenses |
10.143 |
4.719 |
|
|
|
|
Other expenses |
20.381 |
14.956 |
98.329 |
|
|
|
Changes in inventories of finished goods, work in progress and packing
materials |
(2.002) |
(1.159) |
|
|
|
|
TOTAL (B) |
227.573 |
142.196 |
98.329 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
23.273 |
14.809 |
10.595 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.208 |
5.275 |
4.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.065 |
9.534 |
6.283 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.417 |
1.179 |
0.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
13.648 |
8.355 |
5.672 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.070 |
2.611 |
1.818 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
8.578 |
5.744 |
3.854 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
17.451 |
11.707 |
7.853 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
26.029 |
17.451 |
11.707 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
10.996 |
15.530 |
12.450 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
179.84 |
120.43 |
81.00 |
|
%20PRIVATE%20LIMITED%20-%20229821%2025-Jul-2013_files/image001.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover [Approximately] |
|
|
270.700 |
The above information has been parted by Mr. Hirendra.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.42
|
3.65 |
3.54 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.44
|
5.33 |
5.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.65
|
8.23 |
7.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.44 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.12
|
2.97 |
3.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89
|
1.00 |
3.67 |
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 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 |
Yes |
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10406492 |
07/02/2013 |
34,800,000.00 |
The Saraswat Co-operative
Bank Limited |
SMALL AND MEDIUM
ENTERPRISE BRANCH,, PRABHAT BHAV |
B68992460 |
|
2 |
10293759 |
08/06/2011 |
8,000,000.00 |
The Saraswat
Co-operative Bank Limited |
SME VIKHROLI
BRANCH, PRABHAT BHAVAN, LBS MARG, VIKHROLI WEST, MUMBAI - 400079,
MAHARASHTRA, INDIA |
B15596299 |
|
3 |
10256778 |
22/11/2010 |
5,500,000.00 |
The Saraswat
Co-operative Bank Limited |
SME VIKHROLI BRANCH,
PRABHAT BHAVAN, LBS MARG, VIKHROLI WEST, MUMBAI - 400079, MAHARASHTRA, INDIA |
B00698167 |
|
4 |
10222473 |
08/05/2010 |
2,000,000.00 |
The Saraswat
Co-operative Bank Limited |
SME VIKHROLI BRANCH,
PRABHAT BHAVAN, LBS MARG, VIKHROLI WEST, MUMBAI - 400079, MAHARASHTRA, INDIA |
A86419413 |
|
5 |
10017314 |
13/10/2012 * |
33,200,000.00 |
The Saraswat
Co-operative Bank Limited |
SME VIKHROLI BRANCH,
PRABHAT BHAVAN, LBS MARG, VIKHROLI WEST, MUMBAI - 400079, MAHARASHTRA, INDIA |
B63355309 |
|
6 |
10013842 |
18/08/2006 |
2,300,000.00 |
The Saraswat
Co-operative Bank Limited |
GHATKOPAR
BRANCH, GHATKOPAR, MUMBAI - |
A03335353 |
|
7 |
10009737 |
17/03/2010 * |
7,000,000.00 |
The Saraswat
Co-operative Bank Limited |
SME VIKHROLI
BRANCH, PRABHAT BHAVAN, LBS MARG, VIKHROLI WEST, MUMBAI - 400079,
MAHARASHTRA, INDIA |
A83313908 |
|
8 |
10008533 |
09/06/2006 |
1,309,000.00 |
The Saraswat
Co-operative Bank Limited |
GHATKOPAR
BRANCH, GHATKOPAR, MUMBAI - |
A02001329 |
|
9 |
80030052 |
13/10/2012 * |
75,000,000.00 |
The Saraswat
Co-operative Bank Limited |
SME VIKHROLI BRANCH,
PRABHAT BHAVAN, LBS MARG, VIKHROLI WEST, MUMBAI - 400079, MAHARASHTRA, INDIA |
B60597705 |
|
* Date of charge modification |
||||||
OPERATION:
The company has achieved a turnover of Rs.250.697 millions in the financial
year, which is 60.01% higher than the previous year. The company has earned net
profit before tax of Rs.13.648 millions.
COMPANY OVERVIEW:
The company is engaged in the business of Manufacturing and Trading of Foundry and Wood Furniture Polish.
FIXED ASSETS:
·
Air Conditioner
·
Computer
·
Electrical Installation
·
Electronic Balance
·
Electronic Weighing Scale
·
Factory Building
·
Factory Equipment
·
Fire Equipments
·
Laboratory Equipment
·
MIDC Plot
·
Motor Car
·
Office Equipment
·
Plant and Machinery
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.59.45 |
|
|
1 |
Rs.91.24 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.