1. Summary Information
|
|
|
Country |
India |
|
Company Name |
CLASSIC STRIPES
PRIVATE LIMITED |
Principal Name 1 |
Mr. Kishore Manohar Musale |
|
Status |
Good |
Principal Name 2 |
Mr. Bruno Seghin |
|
|
|
Registration # |
11-044849 |
|
Street Address |
164, Senapti Bapat Marg, Matunga (West), Mumbai – 400016, Maharashtra,
India |
||
|
Established Date |
30.09.1987 |
SIC Code |
-- |
|
Telephone# |
91-22-24303826/
24303853/ 8688/ 24328463/ 64 / 24211708/ 24365303/ 24389550/ 66793500 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-24308688/ 24303826/ 66793600 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Printed Self Adhesive Poly Vinyl Chloride (PVC) Stripes |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.120,625,000/- |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings - 51.40% Directors or relatives of Directors - 48.60% |
Banking |
HDFC
Bank Limited |
|
Public Limited Corp. |
NO |
Business Period |
26 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding company |
-- |
CSPL Holding Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
1,042,750,000 |
Current Liabilities |
531,600,000 |
|
Inventories |
512,990,000 |
Long-term Liabilities |
508,320,000 |
|
Fixed Assets |
1,011,130,000 |
Other Liabilities |
30,130,000 |
|
Deferred Assets |
131,960,000 |
Total Liabilities |
1,070,050,000 |
|
Invest& other Assets |
85,440,000 |
Retained Earnings |
1,593,590,000 |
|
|
|
Net Worth |
1,714,220,000 |
|
Total Assets |
2,784,270,000 |
Total Liab. & Equity |
2,784,270,000 |
|
Total Assets (Previous Year) |
2,567,810,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
3,088,620,000 |
Net Profit |
357,690,000 |
|
Sales(Previous yr) |
3,601,910,000 |
Net Profit(Prev.yr) |
589,850,000 |
MIRA
INFORM REPORT
|
Report Date : |
27.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
CLASSIC STRIPES PRIVATE LIMITED (w.e.f. 26.03.2010) |
|
|
|
|
Formerly Known
As : |
CLASSIC STRIPES LIMITED (w.e.f.
31.03.2008) CLASSIC STRIPES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
164, Senapti Bapat Marg, Matunga (West), Mumbai – 400016, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.09.1987 |
|
|
|
|
Com. Reg. No.: |
11-044849 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.120.625
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1987PTC044849 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC5076F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of printed self adhesive Poly Vinyl Chloride
(PVC) Stripes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “ASTARC GROUP”. It is a well established and
reputed company having a good track record. There seems some dip in the turnover
and profitability of the company during current year. However, financially
company appears to be strong. Performance capability seems to be high. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 |
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 |
CRISIL |
|
Rating |
A- (Long Term Rating) |
|
Rating Explanation |
Adequate degree of safety it carry low
credit risk. |
|
Date |
23.09.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A2+ (Short Term Rating) |
|
Rating Explanation |
Strong degree of safety it carry low credit
risk. |
|
Date |
23.09.2013 |
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.
LOCATIONS
|
Registered Office : |
164, Senapti Bapat Marg, Matunga (West), Mumbai – 400016, Maharashtra,
India |
|
Tel. No.: |
91-22-24303826/ 24303853/ 8688/ 24328463/ 64 / 24211708/ 24365303/
24389550/ 66793500 |
|
Fax No.: |
91-22-24308688/ 24303826/ 66793600 |
|
E-Mail : |
rahul.muranjan@classicstripes.com
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Astarc House, 76/79 Makwana Lane, Takpada Off Andheri Kurla Road,
Marol, Andheri (East), Mumbai - 400059, Maharashtra, India |
|
Tel. No.: |
91-22-66793500 |
|
Fax No.: |
91-22-66793600 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Located at: ·
Two Manufacturing Unit at Vasai, Thane,
Maharashtra, India ·
One Manufacturing Unit at Haridwar, Uttaranchal,
India |
DIRECTORS
As on: 19.09.2013
|
Name : |
Mr. Kishore Manohar Musale |
|
Designation : |
Managing director |
|
Address : |
Astarc Bunglow, Survey
No. 86, Sant Tukaram Marg, Juhu Tara Road, Juhu, Vile Parle (West), Mumbai -
400049, Maharashtra, India |
|
Date of Birth/Age : |
15.02.1954 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
30.09.1987 |
|
PAN No.: |
AADPM0375K |
|
DIN No.: |
00144029 |
|
|
|
|
Name : |
Mr. Bruno Seghin |
|
Designation : |
Director |
|
Address : |
Suite 2120,
Pacific Place, 88, Queens Way, Hong Kong, 200000 |
|
Date of Birth/Age : |
07.05.1957 |
|
Qualification : |
MBA |
|
Date of Appointment : |
05.04.2011 |
|
DIN No.: |
00740866 |
|
|
|
|
Name : |
Mr. Ashish Agrawal |
|
Designation : |
Director |
|
Address : |
601, Padma
Prabhu Apartments, 1174/1175, Veer Varkar, Marg, Dadar (West), Mumbai -
400028, Maharashtra, India |
|
Date of Birth/Age : |
21.06.1977 |
|
Qualification : |
MBA, MS-Computers |
|
Date of Appointment : |
05.04.2011 |
|
DIN No.: |
02421421 |
|
|
|
|
Name : |
Mr. Salil Kishore Musale |
|
Designation : |
Whole-time director |
|
Address : |
Classic Strip House,
76/79, Makwana Lane, Takpada, off Andheri Kurla Road, Marol Naka, Andheri
(East), Mumbai - 400059, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1983 |
|
Date of Appointment : |
01.07.2012 |
|
DIN No.: |
02698971 |
|
|
|
|
Name : |
Mr. Jesal Nilesh Doshi |
|
Designation : |
Director |
|
Address : |
84, Duru Mahal, Marine Drive, F Road, Mumbai - 400002, Maharashtra,
India |
|
Date of Birth/Age : |
09.01.1984 |
|
Qualification : |
MBA, BE-Electronics |
|
Date of Appointment : |
05.04.2011 |
|
DIN No.: |
02963307 |
|
|
|
|
Name : |
Mr. Sameer Kishore Musale |
|
Designation : |
Director |
|
Address : |
601, 6th Floor, Kubel Isque, 1629, Pali Hill, A/2, Union
Park, Khar (West), Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
12.09.1985 |
|
Date of Appointment : |
26.04.2013 |
|
DIN No.: |
03525922 |
|
|
|
|
Name : |
Mr. Aditya Arora |
|
Designation : |
Nominee director |
|
Address : |
C-1-401, Purvi Apartment, Sundervan Compound, Andheri (West), Mumbai -
400053, Maharashtra, India |
|
Date of Birth/Age : |
01.09.1980 |
|
Date of Appointment : |
09.07.2012 |
|
DIN No.: |
03528624 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 19.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kishore Manohar Musale |
|
3050331 |
|
Chhaya Kishore Musale |
|
1311301 |
|
Salil Kishore Musale |
|
750000 |
|
Sameer Kishore Musale |
|
750000 |
|
CSPL Holding Private Limited, Mauritius |
|
6100883 |
|
CSPL Holding Private Limited, Mauritius (Class A Shares) |
|
100000 |
|
Total |
|
12062515 |
Equity Share Break up (Percentage of Total Equity)
As on: 19.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
51.40 |
|
Directors or relatives of Directors |
48.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of printed self adhesive Poly Vinyl Chloride
(PVC) Stripes. |
GENERAL INFORMATION
|
Customers : |
·
Hero Motocorp ·
Bajaj Auto ·
Suzuki ·
Yamaha Motors ·
Tata Motors ·
Mahindra and Mahindra · Maruti Suzuki · Hyundai Motors · General Motors · Toyota · John Deere · Swaraj · Sonalika ·
Godrej ·
Pricol ·
Tech Mahindra ·
Escorts |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· Citi Bank N. A., First International Financial Centre, 9th Floor, Plot No.C-54, C-55, G-Block, BKC, Bandra, Mumbai - 400051, Maharashtra, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India · Export Import Bank of India, Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India · Axis Bank Limited, CBB, Axis House, Grd Flr, Wadia Intl. Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R B C and CO LLP Chartered Accountants |
|
Address : |
22 Camac Street, Block C 3rd Floor, Kolkata – 700016, West Bengal, India |
|
PAN No.: |
ABSFS4151F |
|
|
|
|
Holding company : |
CSPL Holding Private Limited |
|
|
|
|
Subsidiary company
: |
· Classic Stripes Inc. · Pt. Classic Stripes Indonesia · Modagrafics Inc. |
|
|
|
|
Other Related Parties |
· Durabuild Technologies Private Limited CIN No.: U28933MH2004PTC148152 · Sabre Helmets Private Limited CIN No.: U36993MH2009PTC195096 · Classic Retail Imaging Solutions Private Limited CIN No.: U36998MH2010PTC211398 · Astarc Power Private Limited CIN No.: U11100MH2007PTC176853 · CLASSIC INSTALLATION And LOGISTICS PRIVATE LIMITED CIN No.: U93030MH2011PTC223529 · Pro-Tech Sports And Safety Products Private Limited · Astarc Mining Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12062515 |
Equity Shares |
Rs.10/- each |
Rs.120.625
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 |
120.630 |
120.630 |
120.625 |
|
(b) Reserves & Surplus |
1593.590 |
1235.900 |
646.052 |
|
(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) |
1714.220 |
1356.530 |
766.677 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
396.810 |
596.750 |
752.118 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
5.540 |
1.980 |
1.522 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
402.350 |
598.730 |
753.640 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
111.510 |
29.950 |
182.134 |
|
(b) Trade payables |
346.370 |
318.460 |
535.321 |
|
(c) Other current
liabilities |
179.690 |
244.000 |
329.951 |
|
(d) Short-term provisions |
30.130 |
20.140 |
106.081 |
|
Total Current Liabilities (4) |
667.700 |
612.550 |
1153.487 |
|
|
|
|
|
|
TOTAL |
2784.270 |
2567.810 |
2673.804 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
984.820 |
1098.660 |
1106.679 |
|
(ii) Intangible Assets |
26.310 |
26.340 |
135.935 |
|
(iii) Capital
work-in-progress |
0.240 |
0.000 |
43.668 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
85.200 |
1.440 |
1.435 |
|
(c) Deferred tax assets (net) |
131.960 |
77.620 |
53.506 |
|
(d) Long-term Loan and Advances |
495.210 |
165.550 |
70.846 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
26.022 |
|
Total Non-Current Assets |
1723.740 |
1369.610 |
1438.091 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
512.990 |
390.200 |
441.793 |
|
(c) Trade receivables |
397.740 |
635.230 |
461.581 |
|
(d) Cash and cash
equivalents |
18.260 |
100.950 |
113.023 |
|
(e) Short-term loans and
advances |
82.050 |
70.370 |
116.745 |
|
(f) Other current assets |
49.490 |
1.450 |
102.571 |
|
Total Current Assets |
1060.530 |
1198.200 |
1235.713 |
|
|
|
|
|
|
TOTAL |
2784.270 |
2567.810 |
2673.804 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
3088.620 |
3601.910 |
3202.230 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
NA |
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
828.750 |
1189.650 |
NA |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
276.490 |
294.520 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
444.980 |
654.720 |
162.200 |
|
|
|
|
|
|
|
|
|
|
TAX |
87.290 |
64.870 |
85.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
357.690 |
589.850 |
76.700 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ADJUSTMENT |
0.000 |
0.000 |
0.030 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1080.630 |
490.780 |
434.110 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
20.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1438.320 |
1080.630 |
490.780 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods ( F.O.B Value) |
132.890 |
58.460 |
64.472 |
|
|
TOTAL EARNINGS |
132.890 |
58.460 |
64.472 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
826.311 |
|
|
|
Traded Goods |
NA |
NA |
86.456 |
|
|
|
Capital Goods |
NA |
NA |
119.684 |
|
|
TOTAL IMPORTS |
NA |
NA |
1032.451 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.65 |
48.90 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
17.34
|
26.31 |
6.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.48 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.30
|
0.46 |
1.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59
|
1.96 |
1.07 |
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 |
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 |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
Yes |
CORPORATE
INFORMATION:
Classic Stripes Private Limited (the company) is a private limited company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the manufacturing of printed self adhesive Poly Vinyl Chloride (PVC) Stripes.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10458609 |
06/11/2013 |
200,000,000.00 |
CITIBANK N. A. |
First International Financial Centre, 9th Floor, Plot No.C-54, C-55, G-Block, BKC, Bandra, MUMBAI, Maharashtra - 400051, INDIA |
B88925177 |
|
2 |
10426542 |
31/05/2013 * |
472,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME VIKHROLI BRANCH, 1ST FLOOR, PRABHAT BHAVAN, 96, L B S MARG, VIKHROLI (WEST), MUMBAI, Maharashtra - 400083, INDIA |
B76903202 |
|
3 |
10403937 |
31/05/2013 * |
610,200,000.00 |
Axis Bank Limited |
CBB, Axis House, Grd Flr, Wadia Intl. Centre, Pan |
B76923168 |
|
4 |
10368272 |
31/05/2013 * |
168,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, C-60,, BANDRA KURLA COMPLEX, BANDRA (E), MUMBAI, Maharashtra - 400051, INDIA |
B78134608 |
|
5 |
10366020 |
31/05/2013 * |
448,000,000.00 |
Export Import Bank of India |
Centre One Building, Floor 21, World Trade Centre |
B77050243 |
|
6 |
10183027 |
23/10/2009 |
10,000,000.00 |
The Saraswat Co-operative Bank Ltd |
SME Vikhroli Branch, Prabhat Bhavan, LBS Marg, Vi |
A72349376 |
|
7 |
10068914 |
31/05/2013 * |
150,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B77831550 |
|
8 |
90232321 |
13/07/2006 * |
43,000,000.00 |
THE SARASWAT CO OPERATIVE BANK LIMITED |
MAROL BRANCH, MAROL MAROSHI ROAD, MAROL , ANDHERI (EAST), MUMBAI, Maharashtra - 400059, INDIA |
- |
|
9 |
90232303 |
06/12/2004 |
27,000,000.00 |
THE SARASWAT CO OP BANK LTD |
MAROL BRANCH MAROL, MUMBAI, Maharashtra - 400059, INDIA |
- |
|
10 |
80054535 |
03/06/2009 * |
45,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
A64446669 |
|
11 |
80055308 |
11/06/2010 * |
292,500,000.00 |
The Saraswat Co-operative Bank Ltd |
SME Vikhroli Branch, Prabhat Bhavan, LBS Marg, Vikhroli West, Mumbai, Maharashtra - 400079, INDIA |
A88831102 |
* Date of charge modification
FIXED ASSETS:
· Land – Freehold
· Factory Building
· Buildings
· Plant and Machinery
· Furniture and Fixtures
· Air conditioner
· Electrical Installation
· Office Equipment
· Computer
· Motor Car
· Motor Cycle
·
Cycle
·
Computer 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 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] 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.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.