MIRA INFORM REPORT
|
Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAKAL PAPERS PRIVATE LIMITED (w.e.f. 16.06.2011) |
|
|
|
|
Formerly Known
As : |
SAKAL PAPERS
LIMITED |
|
|
|
|
Registered
Office : |
595, Budhwar Peth,
Pune – 411002, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.02.1948 |
|
|
|
|
Com. Reg. No.: |
11-006177 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.174 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22121PN1948PTC006177
(New) U22121PN1948PLC006177
(Old) |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS03468D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS7605Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Printing and Publishing of News Papers and Multimedia Activities. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6520000 |
|
|
|
|
Status : |
Good |
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|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
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|
Comments : |
Subject is a well-established and a reputed company having a fine
track record. Sales turnover and profit margins of the company seems to be decent. Overall
fundaments of the company seems to be strong and healthy. Trade relations are fair. Business is active. Payment terms are
regular. The company can be considered 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.
INDIAN ECONOMIC OVERVIEW
India’s current account deficit for the fiscal third quarter ended September
2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from $31.9
billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports and
moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A- (Long Term Bank Facilities) |
|
Rating Explanation |
Have adequate degree of safety and carry low
credit risk. |
|
Date |
November 15, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A1 (Short Term Bank Facilities) |
|
Rating Explanation |
Have very strong degree and carry lowest
credit risk. |
|
Date |
November 15, 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 DENIED
Management Non-Cooperative (91-22-24158104)
LOCATIONS
|
Registered
Office/ Editorial Sales/ Sakaal Social Foundation / Head Office : |
595, Budhwar
Peth, Pune – 411002, Maharashtra, India |
|
Tel. No.: |
91-20-24455500 /
24455501 / 24455588 / 24455500 / 24405500 |
|
Fax No.: |
91-20-24450583 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Administration
Office : |
154, Jerbai Wadia
Road, Behind Tata Hospital, Parel, Mumbai – 400012, Maharashtra, India |
|
Tel. No.: |
91-22-24158104 /
24160986 |
|
Fax No.: |
91-22-24186984 |
|
|
|
|
Factory : |
Located
At :
|
DIRECTORS
As on: 03.08.2013
|
Name : |
Mr. Pratap Govind
Pawar |
|
Designation : |
Chairman cum
Managing Director |
|
Address : |
S No. 73, |
|
Date of Birth/Age : |
15.10.1944 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
24.05.2008 |
|
DIN No.: |
00018985 |
|
|
|
|
Name : |
Mr. Abhijit
Pratap Pawar |
|
Designation : |
Managing Director |
|
Address : |
S No. 73, |
|
Date of Birth/Age : |
17.02.1972 |
|
Qualification : |
Graduate |
|
PAN No.: |
AFPPP7465L |
|
Date of Appointment : |
24.05.2008 |
|
DIN No.: |
00018998 |
|
|
|
|
Name : |
Mrs. Mrunalini
Abhijit Pawar |
|
Designation : |
Director |
|
Address : |
S No. 73, |
|
Date of Birth/Age : |
22.10.1976 |
|
Date of Appointment : |
20.09.2008 |
|
DIN No.: |
00025225 |
|
|
|
|
Name : |
Mr. Shrikrishna
Narhar Inamdar |
|
Designation : |
Director |
|
Address : |
2A, Ameya
Apartment, Near Kirti College 1193 B Kashi Dhuru Marg, Mumbai – 400028,
Maharashtra, India |
|
Date of Birth/Age : |
06.05.1945 |
|
Date of Appointment : |
22.06.2005 |
|
DIN No.: |
00025180 |
|
|
|
|
Name : |
Mr. Raghunath Anant Mashelkar |
|
Designation : |
Director |
|
Address : |
Raghunath, D/ 4, Varsha Path, Aundh, Pune – 411 045, |
|
Date of Birth/Age : |
01.01.1943 |
|
Date of Appointment : |
20.09.2008 |
|
DIN No.: |
00074119 |
|
|
|
|
Name : |
Mr. Bhalchandra
Vasudeo Tambe |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
28.06.1940 |
|
Date of Appointment : |
20.09.2008 |
|
DIN No.: |
01121122 |
|
|
|
|
Name : |
Mrs. Supriya
Sadanand Sule |
|
Designation : |
Director |
|
Address : |
House No. 2,
First Floor, Silver Oak Estate, |
|
Date of Birth/Age : |
30.06.1969 |
|
Date of Appointment : |
30.12.1996 |
|
DIN No.: |
00622228 |
|
|
|
|
Name : |
Ms. Lila Claude
Parulekar |
|
Designation : |
Whole Time
Director |
|
Address : |
4-A |
|
Date of Birth/Age : |
31.01.1936 |
|
Date of Appointment : |
06.09.1977 |
|
DIN No.: |
02368528 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 03.08.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Pratap Govind
Pawar |
200 |
0.23 |
|
Yashad Hospital
Private Limited, |
10904 |
12.51 |
|
APP Media Private
Limited, |
23996 |
27.52 |
|
Pratap Govind
Pawar Joint with APP Media Private Limited, India |
200 |
0.23 |
|
Panhala Investment
Private Limited, |
20000 |
22.94 |
|
Temblai
Investment Private Limited, India |
15104 |
17.32 |
|
Chandrashekhar
Hari Joshi |
42 |
0.05 |
|
Abhijit Pratap
Pawar |
16735 |
19.20 |
|
|
|
|
|
Total |
87181 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 03.08.2013
|
Category |
|
Percentage |
|
Bodies corporate |
|
80.30 |
|
Directors or relatives of directors |
|
19.65 |
|
Other top fifty shareholders |
|
0.05 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Printing and Publishing of News Papers and Multimedia Activities. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G. M. Oka and Company Chartered Accountants |
|
Address : |
32, Swapna Nagri, |
|
Tel. No.: |
91-20-30287900/ 30287500 |
|
Fax No.: |
91-20-25440143 |
|
E-Mail : |
|
|
PAN.: |
AABFG1894M |
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|
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|
Subsidiary Company
: |
Foxberry Pte. Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.2/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
87181 |
Equity Shares |
Rs.2/- each |
Rs.0.174 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.174 |
8.718 |
8.718 |
|
(b) Reserves & Surplus |
1629.833 |
1429.208 |
1356.461 |
|
(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) |
1630.007 |
1437.926 |
1365.179 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
282.500 |
168.205 |
297.065 |
|
(b) Deferred tax liabilities (Net) |
44.636 |
41.532 |
33.266 |
|
(c) Other long term liabilities |
112.490 |
94.111 |
85.671 |
|
(d) long-term provisions |
83.854 |
65.860 |
52.198 |
|
Total Non-current
Liabilities (3) |
523.480 |
369.708 |
468.200 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
336.686 |
331.712 |
188.226 |
|
(b) Trade payables |
954.835 |
670.195 |
698.004 |
|
(c) Other current liabilities |
73.508 |
323.240 |
472.004 |
|
(d) Short-term provisions |
562.519 |
569.458 |
44.895 |
|
Total Current
Liabilities (4) |
1927.548 |
1894.605 |
1403.129 |
|
|
|
|
|
|
TOTAL |
4081.035 |
3702.239 |
3236.508 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1441.600 |
1570.170 |
1672.301 |
|
(ii) Intangible Assets |
21.067 |
21.360 |
25.116 |
|
(iii) Capital work-in-progress |
17.182 |
18.495 |
36.209 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
26.200 |
26.109 |
26.274 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
168.678 |
88.087 |
70.429 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1674.727 |
1724.221 |
1830.329 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
693.536 |
422.479 |
294.756 |
|
(c) Trade receivables |
769.926 |
730.220 |
702.905 |
|
(d) Cash and cash equivalents |
242.534 |
159.580 |
270.903 |
|
(e) Short-term loans and advances |
700.312 |
665.739 |
137.615 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
2406.308 |
1978.018 |
1406.179 |
|
|
|
|
|
|
TOTAL |
4081.035 |
3702.239 |
3236.508 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Circulation Income |
1052.400 |
931.400 |
842.217 |
|
|
|
Advertisement Income |
3329.100 |
3347.000 |
3121.796 |
|
|
|
Other Operating Income |
230.400 |
229.700 |
201.534 |
|
|
|
Other Income |
43.000 |
62.400 |
57.784 |
|
|
|
TOTAL (A) |
4654.900 |
4570.500 |
4223.331 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Consumption |
2146.100 |
2103.600 |
2138.638 |
|
|
|
Payment to and for employees |
696.300 |
657.400 |
569.250 |
|
|
|
Other Operating Expenses |
1239.100 |
1349.100 |
1153.798 |
|
|
|
TOTAL (B) |
4081.500 |
4110.100 |
3861.686 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
573.400 |
460.400 |
361.645 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
124.500 |
166.200 |
100.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
448.900 |
294.200 |
261.083 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
171.200 |
181.800 |
184.188 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
277.700 |
112.400 |
76.895 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
54.500 |
36.100 |
24.488 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
223.200 |
76.300 |
52.407 |
|
|
|
|
|
|
|
|
|
Add/ Less |
Earlier
Year Adjustments |
(31.100) |
(3.500) |
9.074 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
192.100 |
72.800 |
61.481 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Newsprint |
|
|
557.360 |
|
|
|
Spare parts, blankets etc. |
|
|
0.219 |
|
|
|
Capital Goods |
|
|
5.449 |
|
|
TOTAL IMPORTS |
NA |
NA |
563.028 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2560.19 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.79 |
1.67 |
1.24
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.34 |
2.63 |
1.94
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.88 |
3.07 |
2.42
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.09 |
0.06
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.38 |
0.35 |
0.36
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.04 |
1.00
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
8.718 |
8.718 |
0.174 |
|
Reserves & Surplus |
1356.461 |
1429.208 |
1629.833 |
|
Net
worth |
1365.179 |
1437.926 |
1630.007 |
|
|
|
|
|
|
long-term borrowings |
297.065 |
168.205 |
282.500 |
|
Short term borrowings |
336.686 |
331.712 |
188.226 |
|
Total
borrowings |
633.751 |
499.917 |
470.726 |
|
Debt/Equity
ratio |
0.464 |
0.348 |
0.289 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
4223.331 |
4570.500 |
4654.900 |
|
|
|
8.220 |
1.847 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
4223.331 |
4570.500 |
4654.900 |
|
Profit |
52.407 |
76.300 |
223.200 |
|
|
1.24% |
1.67% |
4.79% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
(Rs. In Millions)
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long-term debt |
3.235 |
257.860 |
467.861 |
|
|
|
|
|
|
Total |
3.235 |
257.860 |
467.861 |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Intercorporate borrowings |
282.500 |
121.000 |
|
|
|
|
|
Total |
282.500 |
121.000 |
FINANCIAL PERFORMANCE
The Income from circulation increased to Rs. 1050.000 Millions as compared to Rs. 930.000 Millions of the previous year. Despite a slight decrease in the advertising income from to Rs. 3350.000 Millions in 2011-12 to Rs. 3330.000 Millions in 2012 13, the total income stood at Rs. 4650.000 Millions in year 2012-13 as compared to Rs. 4570.000 Millions in year 2011-12.
On the expenses side, they maintained strict controls over use of newsprint. Also, measures like managing the number of pages, using a lower GSM paper, not compromising on the quality of print, etc were also adopted. As a result, even though the cost of newsprint is increased, it is commensurate with the increase in circulation. However, continuing efferts have been made to control the costs and the consumption of newsprint.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10408063 |
12/02/2013 |
200,000,000.00 |
State Bank of India Commercial Branch |
1548/A OFF TILAK ROAD, SADASHIV PETH, PUNE, MAHARASHTRA - 411030, INDIA |
B69633972 |
|
2 |
10271755 |
25/02/2011 |
80,000,000.00 |
BANK OF MAHARASHTRA |
CORPORATE FINANCE BRANCH, 1183/A,'YASHOMANGAL', F .C.ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
B08099566 |
|
3 |
10243239 |
25/08/2010 |
8,000,000.00 |
COSMOS CO-OP BANK LIMITED |
269/270, SHANIWAR PETH, PUNE, MAHARASHTRA - 411007, INDIA |
A95820502 |
|
4 |
10243237 |
18/08/2010 |
22,000,000.00 |
THE COSMOS CO-OP BANK LTD |
269/270, SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
A95820155 |
|
5 |
10136429 |
17/12/2008 |
50,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, "YASHOMANGAL', F C ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
A54138573 |
|
6 |
90091589 |
25/06/2001 |
45,000,000.00 |
BANK OF MAHARASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A; SADASHIV VILAS ; F. C. ROAD, PUNE, MAHARASHTRA 411005, INDIA |
- |
|
7 |
90091173 |
10/02/2000 |
281,590,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SADA SHIV VILAS; F. C. ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
- |
|
8 |
90090830 |
28/11/1998 |
20,000,000.00 |
THE COSMOS CO-OP. BANK LTD. |
269/270; SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
- |
|
9 |
90084694 |
15/02/2013 * |
1,748,100,000.00 |
BANK OF MAHARASHTRA-LEAD BANK |
CORPORATE FINANCE BRANCH, YASHOMANGAL, 1183/1, F. C. ROAD, PUNE, MAHARASHTRA 411005, INDIA |
B69814978 |
|
10 |
90090303 |
02/05/1996 |
10,000,000.00 |
THE COSMOS CO-OP. BANK LTD. |
269/270; SHANIWAR PETH, PUNE, MAHARASHTRA - 411030, INDIA |
- |
|
11 |
90089557 |
18/05/1990 |
1,000,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; FERGUSSON COLLEGE ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
- |
|
12 |
90089491 |
22/08/1989 |
3,000,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; F. C. ROAD., PUNE, MAHARASHTRA -411005, INDIA |
- |
|
13 |
90089473 |
27/05/1989 |
1,500,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; F. C. ROAD., PUNE, MAHARASHTRA - 411005, INDIA |
- |
|
14 |
90089310 |
27/06/1986 |
1,000,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; F. C. ROAD., PUNE, MAHARASHTRA - 411005, INDIA |
- |
|
15 |
90089170 |
12/10/1979 |
45,000.00 |
THE UNITED WESTERN BANK LTD. |
LAXMI ROAD, PUNE, MAHARASHTRA, INDIA |
- |
|
16 |
90089103 |
09/10/1992 * |
400,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHIVAJI NAGAR; FERGUSSON COLLEGE ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
- |
|
17 |
90083138 |
11/07/1991 * |
400,000.00 |
BANK OF MAHRASHTRA |
INDUSTRIAL FINANCE BRANCH, 1183 A SHVAJI NAGAR; FERGUSSON COLLEGE ROAD, PUNE, MAHARASHTRA - 411005, INDIA |
- |
|
18 |
90089075 |
19/06/1991 * |
1,000,000.00 |
THE UNITED WESTERN BANK LTD. |
LAXMI ROAD BRANCH, 611; BUDHWAR PETH, PUNE, MAHARASHTRA - 411002, INDIA |
- |
|
19 |
90093488 |
20/12/1958 |
60,000.00 |
THE BRITISH INDIA GENERAL INSURANCE COMPANY LTD. |
MEHTA HOUSE, APOLLO STREET, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
Intangible Assets
- Computer Software
- Copyrights
- Patents
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.60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
5 |
|
--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 |
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 |
|
53 |
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.