1. Summary Information
|
|
|
Country |
|
|
Company Name |
SUPREME
NONWOVENS PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Mohan Kavrie |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Mohan Mahadev Kavrie |
|
|
|
Registration # |
11-025149 |
|
Street Address |
Plot No. 110, 10th
Floor, |
||
|
Established Date |
05.09.1981 |
SIC Code |
-- |
|
Telephone# |
91-22-25284519 /
25284520 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-25281992 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Non-Woven Fabrics |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 1,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors - 100.00 % |
Banking |
The Saraswat
Co-op Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
32 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
71,527,000 |
Current Liabilities |
19,669,000 |
|
Inventories |
0 |
Long-term Liabilities |
10,134,000
|
|
Fixed Assets |
42,687,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
29,803,000 |
|
Invest& other Assets |
138,411,000 |
Retained Earnings |
221,322,000 |
|
|
|
Net Worth |
222,822,000 |
|
Total Assets |
252,625,000 |
Total Liab. & Equity |
252,625,000 |
|
Total Assets (Previous Year) |
227,156,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
40,433,000 |
Net Profit |
21,178,000 |
|
Sales(Previous yr) |
45,089,000 |
Net Profit(Prev.yr) |
20,705,000 |
|
Report Date : |
12.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME NONWOVENS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 110, 10th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.09.1981 |
|
|
|
|
Com. Reg. No.: |
11-025149 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1981PTC025149 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS38033C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS5921R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Non Woven Fabrics. |
|
|
|
|
No. of Employees
: |
1000 (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 891000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
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) |
|
|
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
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
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.
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. Ram Chatra |
|
Designation : |
Marketing Department |
|
Contact No.: |
91-22-25208822 |
|
Date : |
11.11.2013 |
LOCATIONS
|
Registered Office : |
Plot No. 110, 10th Floor, |
|
Tel. No.: |
91-22-25284519 / 25284520/ 25208822 |
|
Fax No.: |
91-22-25281992 |
|
E-mail: |
|
|
Website : |
|
|
|
|
|
Factory : |
|
|
|
|
|
Corporate Office: |
6-3-1149/3, Top Floor, |
|
Tel. No.: |
91-40-23418071 |
|
Fax No.: |
91-40-23418071 |
DIRECTORS
As on 27.09.2012
|
Name : |
Mr. Amit Mohan Kavrie |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E/25, Matru Krupa, Everest Colony, Chembur, Mumbai - 400071, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.08.1977 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.12.2003 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00153017 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mohan Mahadev Kavrie |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole – time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E/25, Matru Krupa, Everest Colony, Chembur, Mumbai – 400071, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.01.1948 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech., M.S. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
40 Years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.1986 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00243269 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kavrie Mahadev Mohan |
|
6500 |
|
Kavrie Mohan Jaya |
|
1000 |
|
Naik Mahadev Leela |
|
1000 |
|
Naik Santanna Mahadev |
|
1500 |
|
Kavrie Mohan Amit |
|
2500 |
|
Kavrie Mohan Smita |
|
2500 |
|
Total |
|
15000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Non Woven Fabrics. |
|
|
|
|
Exports : |
|
|
Products : |
· Non Woven Fabrics |
|
Countries : |
· Thailand · Spain |
|
|
|
|
Imports : |
|
|
Products : |
· Raw material |
|
Countries : |
· China · Thailand · Far East · Europe · UK · Germany · Japan |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
1000 (Approximately) |
|||||||||
|
|
|
|||||||||
|
Bankers : |
·
The Saraswat Co-op Bank Limited ( Lead Bankers),
CST Branch, CST, Mumbai - 400001, Maharashtra, India ·
Shamrao Vithal Co-op Bank Limited |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sohan S. Jain and Company Chartered Accountant |
|
Address : |
310, Varma Chambers, |
|
Tel No: |
91-22-22060788/22019270 |
|
Fax No: |
91-22-22091374 |
|
E-Mail: |
|
|
PAN No.: |
AACPJ4548Q |
|
|
|
|
Sister Concern: |
Supreme Treves Private Limited Seva Technology Private Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/- each |
Rs. 1.500 Millions |
|
|
|
|
|
As on 27.09.2012
Authorised Capital : Rs. 20.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 1.500 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.500 |
1.500 |
1.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
221.322 |
200.144 |
179.439 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
222.822 |
201.644 |
180.939 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.744 |
8.702 |
12.652 |
|
|
2] Unsecured Loans |
5.390 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
10.134 |
8.702 |
12.652 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
232.956 |
210.346 |
193.591 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
42.687 |
20.607 |
20.649 |
|
|
Capital work-in-progress |
0.000 |
13.975 |
12.600 |
|
|
|
|
|
|
|
|
INVESTMENT |
138.411 |
138.411 |
138.411 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000
|
|
|
Sundry Debtors |
56.413
|
38.139 |
16.380
|
|
|
Cash & Bank Balances |
2.821
|
0.487 |
2.762
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
12.293
|
15.537 |
10.351
|
|
Total
Current Assets |
71.527
|
54.163 |
29.493 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000
|
|
|
Other Current Liabilities |
10.433
|
6.300 |
3.898
|
|
|
Provisions |
9.236
|
10.510 |
3.664
|
|
Total
Current Liabilities |
19.669
|
16.810 |
7.562 |
|
|
Net Current Assets |
51.858
|
37.353 |
21.931 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
232.956 |
210.346 |
193.591 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
40.433 |
45.089 |
26.574 |
|
|
|
Other Income |
7.910 |
2.046 |
0.616 |
|
|
|
TOTAL (A) |
48.343 |
47.135 |
27.190 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee’s
Cost
|
13.389 |
12.531 |
12.977 |
|
|
|
Other
Expenses
|
2.815 |
2.798 |
2.962 |
|
|
|
Extraordinary
Items
|
(0.459) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
16.663 |
15.329 |
15.939 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
31.680 |
31.806 |
11.251 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.894 |
0.549 |
0.042 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30.786 |
31.257 |
11.209 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.372 |
0.042 |
1.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
30.414 |
31.215 |
9.910 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.236 |
10.510 |
3.682 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
21.178 |
20.705 |
6.228 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
199.150 |
178.445 |
172.216 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
220.328 |
199.150 |
178.445 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1411.87 |
1380.33 |
415 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
43.81
|
43.93 |
22.91
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
75.22
|
69.23 |
37.29
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.63
|
41.75 |
19.76
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.14
|
0.15 |
0.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
0.13
|
0.13 |
0.11
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.64
|
3.22 |
3.90
|
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 |
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 |
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 |
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Unsecured |
5.390 |
0.000 |
|
Total |
5.390 |
0.000 |
NOTE
The registered office of the company has been shifted from Centre Point,
7th Floor, 18th Road, Chembure, Mumbai-400071,
Maharashtra, India to the present address w.e.f. 29.11.2010
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10374349 |
13/03/2013 * |
344,741,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
913, NATASHA PLAZA, D. K. SANDHU MARG, CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
B70604319 |
|
2 |
10147019 |
16/03/2009 |
610,507.00 |
THE SARASWAT CO-OP BANK LIMITED |
RASEC DADAR BRANCH, RANADE ROAD, DADAR WEST, MUMBAI, MAHARASHTRA - 400028, INDIA |
A58522251 |
|
3 |
10051566 |
21/05/2007 |
5,000,000.00 |
THE SARASWAT CO-OP BANK LIMITED |
CST BRANCH, CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
A15396005 |
|
4 |
10049895 |
06/08/2007 * |
66,000,000.00 |
THE SARASWAT CO-OP BANK LIMITED ( LEAD BANKERS) |
CST BRANCH, CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
A27472075 |
|
5 |
10041611 |
24/02/2007 |
21,000,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LIMITED |
NATASHA PLAZA, PLOT NO.913, D. K. SANDHU MARG, CHMBUR (EAST), MUMBAI, MAHARASHTRA - 400071, INDIA |
A12169223 |
|
6 |
10065696 |
06/08/2007 * |
66,000,000.00 |
THE SARASWAT CO-OP BANK LIMITED ( LEAD BANKERS) |
CST BRANCH, CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
A27471994 |
|
7 |
10043956 |
22/12/2006 |
59,400,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LIMITED |
NATASHA PLAZA, PLOT NO. 913, D. K. SANDHU MARG, CHEMBUR (E), MUMBAI, MAHARASHTRA - 400071, INDIA |
A08934804 |
|
8 |
10144714 |
25/03/2006 |
7,500,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
NATASHA PLAZA, PLOT NO.913, D. K SANDHU MARG, CHEMBUR (EAST), MUMBAI, MAHARASHTRA - 400071, INDIA |
A20838900 |
|
9 |
90241584 |
26/09/2005 |
2,500,000.00 |
THE SARASWAT CO-OP BANK LIMITED |
CXST BR AK NAIK MARG CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
10 |
90241583 |
04/12/2006 * |
34,000,000.00 |
THE SARASWAT CO-OP BANK LTD |
CST BRANCH CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
11 |
90244475 |
06/08/2007 * |
70,417,000.00 |
THE SARASWAT CO-OP BANK LIMITED ( LEAD BANKERS) |
CST BRANCH, CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
A27471945 |
|
12 |
90241458 |
06/05/2005 |
1,350,000.00 |
THE SARASWAT CO-OP BANK LIMITED |
CXST BR AK NAIK MARG CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
13 |
90241213 |
01/11/2004 |
8,250,000.00 |
THE SARASWAT CO-OP BANK LIMITED |
CXST BR AK NAIK MARG CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
14 |
90235057 |
26/06/2004 |
1,488,000.00 |
THE SARASWAT CO-OP BANK LIMITED |
CST BRANCH, AK NAIK MARG; CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
15 |
90235054 |
29/07/2004 * |
5,000,000.00 |
THE SARASWAT CO-OP BANK LIMITED |
CST BRANCH, A. K. NAIK MARG; C. S. T., MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
16 |
90236312 |
24/04/2004 |
734,625.00 |
THE SARASWAT CO-OP BANK LIMITED |
CST BRANCH, AK NAIK MARG; C. S. T., MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
17 |
90235039 |
26/03/2004 |
5,000,000.00 |
THE SARASWAT CO-OP BANK LIMITED |
CST BRANCH, AK NAIK MARG; CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
18 |
90236297 |
16/03/2004 |
47,800,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LIMITED |
CHMBER BRANCH, MUMBAI, MAHARASHTRA - 400071, INDIA |
- |
|
19 |
90232847 |
21/02/2004 |
12,899,000.00 |
THE SARASWAT CO-OP BANK LIMITED |
CST BRANCH, AK NAIK MARG; CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
- |
|
20 |
90235019 |
06/08/2007 * |
289,033,000.00 |
THE SARASWAT CO-OP BANK LIMITED ( LEAD BANKERS) |
CST BRANCH, CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
A27471887 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Residential Premises
·
Office Premises
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.63.30 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPH |
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 |
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 |
|
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.