MIRA INFORM REPORT
|
Report Date : |
05.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ORGANIC INDUSTRIES PRIVATE LIMITED (w.e.f. 06.03.2012) |
|
|
|
|
Formerly Known As
: |
ORGANIC INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
B-504, Pratik Industrial Estate, Near Forts Hospital, Mulund –
Goregaon Link Road, Bhandup West, Mumbai- 400078, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.03.1997 |
|
|
|
|
Com. Reg. No.: |
11-106819 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.99.390 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25201MH1997PLC106819 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMO02097E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3738N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of
Educational Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 512000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. Reserves
of the company appear to be low. There also appears dip in the profitability
of the company during the year 2012. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years respectively.
By 2020, emerging Asia will become the world’s largest consuming block,
overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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
MANAGEMENT NON CO-OPERATIVE (91-22-41622828)
LOCATIONS
|
Registered Office / Corporate Office:: |
B-504, Pratik Industrial Estate, Near Forts Hospital, Mulund –
Goregaon Link Road, Bhandup West, Mumbai- 400078, Maharashtra, India |
|
Tel. No.: |
91-22-41622828 (100 Lines) / 25662146 |
|
Fax No.: |
91-22-41622803 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Head Office : |
5th Floor, B Wing, Mulund Goregaon Link Road, Bhandup
(West), Mumbai- 400078, Maharashtra, India |
|
Tel. No.: |
91-22-41622828 |
|
|
|
|
Factory 1 : |
Plot No.9, |
|
Tel. No.: |
91-2527-272161/
272164 |
|
|
91-2527-272983 |
|
E-Mail : |
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|
|
|
|
Factory 2 : |
S.No.28/1, 28/2, |
|
Tel. No.: |
91-80–7725685/
7725687/ 7725689 |
|
E-Mail : |
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|
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|
Factory 3 : |
S/ 163, GIDC, Dahej, Taluka Vaghru, District Bharuch – 392 130, |
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|
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|
Factory 4 : |
Silvassa I 22, Government Industrial Estate, Phase II, Piparia, Silvassa –
390230, Dadar and Nagar Haveli, India |
|
Tel. No.: |
91-80-7725685/7725687/7725689 |
|
E-Mail : |
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|
|
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|
Factory 5 : |
Silvassa II S/No. 910/7/2 Village Amli-Dockmardi Behind Recolin, Silvassa –
396230, Dadar and Nagar Haveli, India |
|
Tel. No.: |
91-260-3290926 |
|
|
|
|
Regional
Offices: |
Tel No: (91 - 080) 2334 6772 / 6773 / 6774 Fax No: (91 - 080) 2334 6774 Email : oppblr@vsnl.net
Silvassa
: Tel No : 0260-2682117 Fax No: 0260-2682032 Baroda: Gujarat, India Fax No: 0265-3046970 Chennai: 600029, Tamilnadu, India |
|
|
|
|
Branch Office : |
74, 1st Main, |
|
Tel. No.: |
91-80-23346772 / 6773 / 6774 |
|
Fax No.: |
91-80-23346774 |
|
E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Adish Anand Shetty |
|
Designation : |
Director |
|
Address : |
1801, Odyssey I CHS Limited, |
|
Date of Birth/Age : |
02.09.1988 |
|
Date of Appointment : |
16.03.2007 |
|
DIN No.: |
01210843 |
|
|
|
|
Name : |
Mr. Anand Monappa Shetty |
|
Designation : |
Managing Director |
|
Address : |
1801, Odyssey I CHS Limited, |
|
Date of Birth/Age : |
08.01.1953 |
|
Date of Appointment : |
28.03.1997 |
|
DIN No.: |
01287510 |
|
|
|
|
Name : |
Mr. Pravir Anand Shetty |
|
Designation : |
Director |
|
Address : |
1801, Odyssey I CHS Limited, |
|
Date of Birth/Age : |
21.01.1984 |
|
Date of Appointment : |
28.06.2002 |
|
DIN No.: |
01287484 |
|
|
|
|
Name : |
Mrs. Shashirekha Anand Shetty |
|
Designation : |
Director |
|
Address : |
1801, Odyssey I CHS Limited, |
|
Date of Birth/Age : |
01.06.1959 |
|
Date of Appointment : |
17.02.1997 |
|
DIN No.: |
02135741 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Adish Anand Shetty |
1321600 |
|
Anand Monappa Shetty |
5559000 |
|
A.M. Shetty (HUF) |
50900 |
|
Kushal Shetty |
1000 |
|
Pravir Anand Shetty |
1497500 |
|
Shashirekha Anand Shetty |
1443500 |
|
S.M. Shetty |
65500 |
|
Total |
9939000 |
As on: 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.49 |
|
Other |
0.51 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of
Educational Products. |
||||||
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|
||||||
|
Products : |
·
Blow Moulded Containers ·
Injection Moulded Components ·
Compression Moulded Caps ·
Injection Stretch Blow moulded-Single stage Pet
Bottles ·
Injection Blow Moulded Bottles
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Bankers : |
The Shamrao Vithal Co-Operative Bank Limited, G-1, 6, 7 and 8, Ganesh Krupa,
RHB Road, Mulund (West), Mumbai – 400 080, Maharashtra, India |
|||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
Financial
Institution : |
Bajaj Finance Limited, Akurdi Pune, Mumbai Pune Road – 411035,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Rakesh R. Agarwal and Associates Chartered Accountants |
|
Address : |
M-2, Sharda Chamber
No. 1, 31, Keshavji Naik Road, Bhat Bazar, Masjid Bunder (West), Mumbai-
400009 |
|
PAN No. : |
AABPA9684P |
|
|
|
|
Related Party : |
Ø Trimurthi
Polymers Ø Plenco Closures
Private Limited Ø Pravir Polymers
Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2012
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 |
|
|
|
|
|
|
9939000 |
Equity Shares |
Rs.10/- each |
Rs.99.390 Millions |
|
|
|
|
|
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 |
|
99.390 |
99.390 |
|
(b) Reserves & Surplus |
|
28.624 |
33.130 |
|
(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) |
|
128.014 |
132.520 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
429.580 |
464.626 |
|
(b) Deferred tax liabilities (Net) |
|
12.871 |
11.219 |
|
(c) Other long term
liabilities |
|
41.024 |
34.924 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
483.475 |
510.769 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
231.169 |
183.008 |
|
(b) Trade
payables |
|
154.988 |
141.449 |
|
(c) Other
current liabilities |
|
48.819 |
44.430 |
|
(d) Short-term
provisions |
|
2.452 |
0.050 |
|
Total Current
Liabilities (4) |
|
437.428 |
368.937 |
|
|
|
|
|
|
TOTAL |
|
1048.917 |
1012.226 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
520.902 |
543.218 |
|
(ii)
Intangible Assets |
|
0.800 |
1.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
11.938 |
12.038 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
17.441 |
17.518 |
|
(e) Other
Non-current assets |
|
11.146 |
24.243 |
|
Total Non-Current
Assets |
|
562.227 |
598.017 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
207.876 |
211.511 |
|
(c) Trade
receivables |
|
243.961 |
168.853 |
|
(d) Cash
and cash equivalents |
|
16.708 |
9.834 |
|
(e)
Short-term loans and advances |
|
4.281 |
2.907 |
|
(f) Other
current assets |
|
13.864 |
21.104 |
|
Total
Current Assets |
|
486.690 |
414.209 |
|
|
|
|
|
|
TOTAL |
|
1048.917 |
1012.226 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
99.390 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
32.157 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
131.547 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
605.772 |
|
|
2] Unsecured Loans |
|
|
64.297 |
|
|
TOTAL BORROWING |
|
|
670.069 |
|
|
DEFERRED TAX LIABILITIES |
|
|
11.784 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
813.400 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
555.933 |
|
|
Capital work-in-progress |
|
|
25.078 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
12.138 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
146.455 |
|
|
Sundry Debtors |
|
|
132.481 |
|
|
Cash & Bank Balances |
|
|
11.163 |
|
|
Other Current Assets |
|
|
41.809 |
|
|
Loans & Advances |
|
|
8.436 |
|
Total
Current Assets |
|
|
340.344 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
119.451 |
|
|
Other Current Liabilities |
|
|
7.883 |
|
|
Provisions |
|
|
5.525 |
|
Total
Current Liabilities |
|
|
132.859 |
|
|
Net Current Assets |
|
|
207.485 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
12.766 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
813.400 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1374.575 |
1028.983 |
825.230 |
|
|
|
Other Income |
NA |
16.232 |
6.820 |
|
|
|
TOTAL |
NA |
1045.215 |
832.050 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material changes inventories |
|
508.310 |
387.319 |
|
|
|
Manufacturing service costs |
|
296.658 |
226.117 |
|
|
|
Employee related costs |
|
53.760 |
41.065 |
|
|
|
Administrative selling other expenses |
|
30.535 |
24.476 |
|
|
|
TOTAL |
1211.822 |
889.263 |
678.977 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
155.952 |
153.073 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
(Including Financial and Depreciation) |
84.803 |
84.487 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
71.149 |
68.586 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
69.741 |
70.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX |
12.259 |
1.408 |
(1.619) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.999 |
(0.565) |
1.911 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX |
8.260 |
1.973 |
(3.530) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
31.156 |
34.686 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
33.129 |
31.156 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
68.314 |
55.871 |
|
|
TOTAL EARNINGS |
NA |
68.314 |
55.871 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
256.401 |
160.992 |
|
|
TOTAL IMPORTS |
NA |
256.401 |
160.992 |
|
|
|
|
|
|
|
|
|
|
Earnings/(Loss)
Per Share (Rs.) |
0.83 |
0.19 |
(0.35) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
0.19 |
(0.42) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.89
|
0.14 |
(0.20) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.18
|
0.14 |
(0.18) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.01 |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.16
|
4.89 |
5.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11
|
1.12 |
2.56 |
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 |
No |
|
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 |
No |
NOTE:
Registered office of the company has been shifted from 72, Raja Industrial
Estate, P K Road, Mulund (West), Mumbai – 400 080, Maharashtra, India to the present address w.e.f.02.02.2012
UNSECURED LOAN:
|
PARTICULARS |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Rupee term loans from others |
1.634 |
2.997 |
|
Loans and advances from related parties |
71.226 |
69.753 |
|
|
|
|
|
Total |
72.860 |
72.750 |
OPERATIONS:
The Company is incorporated
with an Object of carrying on the business of manufacturing of Educational
Products.
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10448528 |
06/09/2013 |
81,778,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE-, MUMBAI PUNE ROAD, PUNE, Maharashtra |
B84774157 |
|
2 |
10331141 |
03/01/2012 |
55,000,000.00 |
The Shamrao Vithal Co-operative Bank Limited |
G-1, 6, 7, 8, Ganesh Kripa,, RHB Road, Mulund (W) |
B30365332 |
|
3 |
10172352 |
09/07/2009 |
10,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
EAST BRANCH, BHIVARA BHAVAN, TILAK NAGAR, THANE |
A67846683 |
|
4 |
10139656 |
27/01/2010 * |
697,853,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
G-1,6,7,8, Ganesh Krupa,, RHB Road, Mulund (West), Mumbai, Maharashtra
- 400080, INDIA |
A80067150 |
|
5 |
10136136 |
03/01/2012 * |
220,000,000.00 |
The Shamrao Vithal Co-operative Bank Limited |
G-1, 6, 7, 8, Ganesh Kripa,, RHB Road, Mulund (W), Mumbai, Maharashtra
- 400080, INDIA |
B30367452 |
|
6 |
10126634 |
14/10/2009 * |
475,353,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
G-1,6,7,8, Ganesh Kripa,, RHB Road, Mulund (West) |
A73635054 |
|
7 |
10115238 |
14/06/2008 |
150,000,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
G-1,6,7 and 8, Ganesh Kripa, RHB Road, Mulund, MUMBAI, Maharashtra -
400080, INDIA |
A42599548 |
|
8 |
10094962 |
25/03/2008 |
1,438,000.00 |
DEVELOPMENT CREDIT BANK LIMITED |
301, TRADE PLAZA,, 414, VEER SAVARKAR MARG, PRABH |
A35333475 |
|
9 |
10085859 |
11/01/2008 |
30,000,000.00 |
NKGSB CO-OP. BANK LTD. |
Satnam Apartments, L. T. Road, Mulund (East), MUMBAI, Maharashtra -
400081, INDIA |
A31537087 |
|
10 |
90151271 |
23/02/2008 * |
80,000,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
G-1, 6, 7 & 8, Ganesh Krupa, RHB Road, Mulund (West), MUMBAI, Maharashtra
- 400080, INDIA |
A40815417 |
|
11 |
90151246 |
15/12/2004 |
12,500,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LTD |
MULUND BRANCH, MUMBAI, Maharashtra -
400080, INDIA |
- |
|
12 |
90151194 |
05/06/2004 |
15,000,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LTD |
MULUND BRANCH, MUMBAI, Maharashtra -
400080, INDIA |
- |
|
13 |
90150969 |
30/03/2002 |
6,500,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LTD |
MULUND BRANCH, MUMBAI, Maharashtra -
400080, INDIA |
- |
|
14 |
90150936 |
07/11/2001 |
1,260,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LTD |
MULUND BRANCH, MUMBAI, Maharashtra -
400080, INDIA |
- |
|
15 |
90149805 |
28/07/2011 * |
770,353,000.00 |
The Shamrao Vithal Co-operative Bank
Ltd.(Lead Bank) |
Gr. & 1st Floor, Sabnis Niwas,, RHB
Road, Mulund (W), Mumbai, Maharashtra - 400080, INDIA |
B20948741 |
|
16 |
90150869 |
12/03/2001 |
1,875,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LTD |
MULUND BRANCH, MUMBAI, Maharashtra -
400080, INDIA |
- |
|
17 |
90150806 |
17/12/2002 * |
3,600,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LTD |
MULUND BRANCH, MUMBAI, Maharashtra -
400080, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
œ
Goodwill
œ
Land
œ
Building
œ
Plant and Machinery
œ
Electrical Installation
œ
Dies and Tools
œ
Office Equipments
œ
Air Conditioner
œ
Furniture and Fixtures
œ
Interior Decoration
œ
Computer
œ
Motor Car
œ Clean Room
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.61.40 |
|
|
1 |
Rs.99.28 |
|
Euro |
1 |
Rs.83.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.