|
Report Date : |
31.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
KHOSLA PROFIL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 3, Gut No. 140, 141, Village Kudus, Taluka Wada, Thane 421
312, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.04.1989 |
|
|
|
|
Com. Reg. No.: |
11-051429 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 21.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1989PTC051429 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11480A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK1791K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Industrial Fabrics and Filter Fabrics used
in Tyre Industry etc. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 850000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appears slight dip in profit of the company. External borrowing of
the company has increased in the year 2011-2012. However, overall financial of the company appears to be sound. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered for business dealing 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.
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facility = BBB |
|
Rating Explanation |
Moderate credit quality and average credit
risk |
|
Date |
12.04.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facility = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
12.04.2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Sundaram |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-30613061 |
|
Date : |
30.10.2013 |
LOCATIONS
|
Registered Office : |
Unit No. 3, Gut No. 140, 141, Village Kudus, Taluka Wada, Thane 421
312, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Bandra Office : |
2, Laxmi Towers, 8th Floor, B Wing, Behind ICICI Bank, Bandra
Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India |
|
Tel. No.: |
91-22-30613061 |
|
Fax No.: |
91-22-30613062 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Gut No.201, Village Khupari, Taluka Wada, District Thane, |
|
Tel. No.: |
91-22-30613061 |
|
Fax No.: |
91-22-30613062 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
|
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Pramod Vedprakash Khosla |
|
Designation : |
Director |
|
Address : |
501, Flora, Near |
|
Date of Birth/Age : |
04.09.1955 |
|
Date of Appointment : |
27.11.2001 |
|
DIN No.: |
00001627 |
|
|
|
|
Name : |
Mrs. Susham Pramod Khosla |
|
Designation : |
Director |
|
Address : |
501, Flora, Near |
|
Date of Birth/Age : |
04.06.1959 |
|
Date of Appointment : |
01.10.1990 |
|
DIN No.: |
0001629 |
KEY EXECUTIVES
|
Name : |
Mr. Sundaram |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 31.03.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Pramod Vedprakash Khosla |
151000 |
13.00% |
|
Susham Pramod Khosla |
230595 |
20.00% |
|
Pramod Vedprakash Khosla HUF |
165005 |
14.00% |
|
Khosla Investment Private Limited, India |
4800000 |
42.00% |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Bodies corporate |
42.00 |
|
Directors or relatives of Directors |
33.00 |
|
Others |
25.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Fabrics and Filter Fabrics used
in Tyre Industry etc. |
|
|
|
|
Products : |
|
|
|
|
|
Exports : |
|
|
Products : |
Tyre Industry |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
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|
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|
Customers : |
Wholesalers and Retailers
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
CC and TL : Rs. 400.000 Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bhuchar and Chandak Chartered Accountant |
|
Address : |
A 1, Silverline, J.B. Nagar, Andheri (East), Mumbai – 400059, |
|
Tel. No.: |
91-22-8373162/28348138/28235332 |
|
Fax No.: |
91-22-8202830 |
|
E-Mail : |
|
|
PAN No.: |
AAAFB0175H |
|
|
|
|
Sister Concern : (Confirmed by Management) |
|
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs. 10/- each |
Rs. 90.000 Millions |
|
1000000 |
Preference Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
Total |
|
Rs. 100.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1150000 |
Equity Shares |
Rs. 10/- each |
Rs. 11.500 Millions |
|
1000000 |
Preference Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
Total |
|
Rs. 21.500
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 |
|
21.500 |
21.500 |
|
(b) Reserves & Surplus |
|
169.449 |
144.868 |
|
(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) |
|
190.949 |
166.368 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
184.056 |
182.841 |
|
(b) Deferred tax liabilities (Net) |
|
19.536 |
0.000 |
|
(c) Other long term
liabilities |
|
8.327 |
4.362 |
|
(d) long-term
provisions |
|
0.000 |
18.128 |
|
Total Non-current
Liabilities (3) |
|
211.919 |
205.331 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
259.971 |
183.882 |
|
(b) Trade
payables |
|
62.720 |
131.784 |
|
(c) Other
current liabilities |
|
40.333 |
26.018 |
|
(d) Short-term
provisions |
|
4.125 |
4.140 |
|
Total Current
Liabilities (4) |
|
367.149 |
345.824 |
|
|
|
|
|
|
TOTAL |
|
770.017 |
717.523 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
278.348 |
237.037 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
3.371 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.076 |
5.076 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
278.424 |
245.484 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
5.000 |
0.000 |
|
(b)
Inventories |
|
191.468 |
177.692 |
|
(c) Trade
receivables |
|
206.621 |
164.980 |
|
(d) Cash
and cash equivalents |
|
15.238 |
15.264 |
|
(e)
Short-term loans and advances |
|
73.266 |
114.103 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
491.593 |
472.039 |
|
|
|
|
|
|
TOTAL |
|
770.017 |
717.523 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
24.619 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
111.881 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
136.500 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
260.179 |
|
|
2] Unsecured Loans |
|
|
75.052 |
|
|
TOTAL BORROWING |
|
|
335.231 |
|
|
DEFERRED TAX LIABILITIES |
|
|
19.396 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
491.127 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
261.220 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
5.076 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
116.728 |
|
|
Sundry Debtors |
|
|
168.205 |
|
|
Cash & Bank Balances |
|
|
16.178 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
68.843 |
|
Total
Current Assets |
|
|
369.954 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
103.304 |
|
|
Other Current Liabilities |
|
|
19.426 |
|
|
Provisions |
|
|
22.393 |
|
Total
Current Liabilities |
|
|
145.123 |
|
|
Net Current Assets |
|
|
224.831 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
491.127 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
837.083 |
714.711 |
576.478 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
142.844 |
113.982 |
100.623 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
62.516 |
34.717 |
46.372 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
80.328 |
79.265 |
54.251 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
40.268 |
34.258 |
31.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
40.060 |
45.007 |
23.173 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.625 |
11.477 |
13.078 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
29.435 |
33.530 |
10.095 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
116.343 |
96.953 |
91.515 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
10.000 |
0.307 |
|
|
|
Proposed Dividend |
4.126 |
4.140 |
1.850 |
|
|
|
Dividend |
0.000 |
0.000 |
2.500 |
|
|
BALANCE CARRIED
TO THE B/S |
131.652 |
116.343 |
96.953 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
507.217 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13.69 |
15.60 |
NA |
|
Sales (2013-2014) In Audit: Rs.920.000 Millions
The above information has been parted by Mr. Sundaram (Accounts Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
4.79 |
6.30 |
4.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.15 |
9.53 |
3.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.27 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.33 |
2.20 |
2.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.36 |
2.55 |
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 |
N |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loan from directors and share holders |
|
|
|
From share
holders |
23.718 |
33.752 |
|
From directors |
1.521 |
17.047 |
|
Sales tax deferred payments (Under package
scheme of incentive of sales tax secured by directors guarantee. Repayable in
5 years at the end of 10th year of availement of sales tax
starting from 2012-13) Repayable within 1
year Rs. 0.456 Millions (Previous Year – Rs. Nil) |
36.156 |
34.833 |
|
Canara Bank, London Under buyer’s
credit from Canara Bank. London for capital goods against letter of comfort
issued by Central Bank of India, which will be paid by disbursement of term
loan sanctioned by Central Bank of India. |
49.183 |
0.000 |
|
Total |
110.578 |
85.632 |
NOTE: CURRENT
MATURITY OF LONG TERM DEBT DETAIL NOT AVAILABLE
FINANCIAL RESULTS:
The company achieved sales of Rs. 837.083 Millions during the year
compared to Rs. 714.711 Millions during the previous year. There is net
increase of sale by 17.12% as compared to previous year. The company earned a
profit of Rs. 29.435 Millions after provision for tax and deferred tax during
the year compared to net profit of Rs. 33.530 Millions during the previous
year. The net profit after tax decreased due to exceptional exchange rate
fluctuation during the year 2011-2012. However the profit before interest,
depreciation and tax increased to Rs. 142.844 Millions (By 25.32%) as compared
to previous year Rs. 113.982 Millions.
INDEX OF CHARGE:
|
Sr .No |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10185580
|
04/11/2009
|
3,000,000.00
|
NKGSB CO-OP. BANK LIMITED |
Jagruti, L. J. Road, Mahim
(West), MUMBAI, Maharashtra - 400016, INDIA |
A72873193
|
|
2 |
10009166
|
08/06/2006
|
1,780,000.00
|
SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, , CHENNAI,
Tamil Nadu - 600002, INDIA |
A02069433
|
|
3 |
10016098
|
05/05/2006
|
466,000.00
|
SUNDARAM FINANCE LIMITED |
NO.21 PATULLOS ROAD, CHENNAI,
Tamil Nadu - 600002, INDIA |
A01113224
|
|
4 |
90151667
|
28/09/2005
|
900,000.00
|
M/S SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI,
Tamil Nadu - 60002, INDIA |
- |
|
5 |
90151562
|
06/12/2002
|
877,250.00
|
M/S SUNDARAM FINANCE LIMITED |
21 PATULLOS ROAD, CHENNAI, Tamil
Nadu - 600002, INDIA |
- |
|
6 |
90149797
|
11/01/2001
|
31,000,000.00
|
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI,
Maharashtra - 400038, INDIA |
- |
|
7 |
90149772
|
06/04/2000
|
31,000,000.00
|
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI,
Maharashtra - 400038, INDIA |
- |
|
8 |
90152019
|
17/02/2000
|
482,000.00
|
THE N K G S B CO OP BANK
LIMITED |
MAROL MAROSHI BRNACH, MAROL
MAROSHI ROAD ANDHERI E, MUMBAI, Maharashtra - 400069, INDIA |
- |
|
9 |
90150754
|
08/09/2003
* |
20,582,000.00
|
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI,
Maharashtra - 400038, INDIA |
- |
|
10 |
90152015
|
06/04/2000
* |
20,582,000.00
|
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI,
Maharashtra - 400038, INDIA |
- |
|
11 |
90152002
|
26/10/1999
|
600,000.00
|
THE N K G S B CO OP BANK
LIMITED |
MAROL MAROSHI BRANCH, MUMBAI,
Maharashtra - 400069, INDIA |
- |
|
12 |
90150476
|
18/03/1998
* |
26,500,000.00
|
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI,
Maharashtra - 400038, INDIA |
- |
|
13 |
90151903
|
23/03/1999
* |
36,500,000.00
|
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI,
Maharashtra - 400038, INDIA |
- |
|
14 |
90151423
|
26/09/1995
|
10,000,000.00
|
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI,
Maharashtra - 400038, INDIA |
- |
|
15 |
90151845
|
14/12/2012
* |
597,400,000.00
|
CENTRAL BANK OF INDIA |
MARSHALL BUILDING, S.V. MARG, BALLARD
ESTATE, MUMBAI, Maharashtra - 400001, INDIA |
B66045410
|
|
16 |
90151420
|
07/05/1995
|
19,000,000.00
|
CENTRAL BANK OF INDIA |
BALLARD ESTATE BRANCH, MUMBAI,
Maharashtra - 400038, INDIA |
- |
* Date of modification charge
TRADE REFERENCE
FIXED ASSETS:
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. 61.49 |
|
|
1 |
Rs. 98.71 |
|
Euro |
1 |
Rs. 84.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.