MIRA
INFORM REPORT
|
Report Date : |
14.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
IMCO ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
129, Damji Shamji Industrial Estate, Vikhroli (West), Mumbai – 400083,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.10.2001 |
|
|
|
|
Com. Reg. No.: |
11-133653 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.650 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U28932MH2001PTC133653 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMI05998G |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACI9115R |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in providing solutions for wear and tear resistance in several industrial applications and also engaged in manufacturing and trading various dies and mould, crushing hammers, impact blades, rotors, cutters and lines used in various industries for crushing, grinding and mixing applications. |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
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|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. Profitability of the company is fair. General financial position of
the company seems to be decent. Trade relations are fair. Business is active. Payment terms are reported
to be usually correct. 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.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
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.
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 : |
Ms. Geeta |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-251-2435150 |
|
Date : |
12.04.2014 |
LOCATIONS
|
Registered Office : |
129, Damji Shamji Industrial Estate, Vikhroli (West), Mumbai – 400083,
Maharashtra, |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Corporate Office: |
176 – A, Phase I, MIDC, Dombivli, Mumbai – 421203, |
|
Tel. No.: |
91-0251-2435150, 250, 350; 2421785 |
|
Fax No.: |
91-0251-2470667 |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mrs. Geeta J. Dutagupta |
|
Designation : |
Director |
|
Address : |
A-102 B, Eden III Co-operative society Limited, Hiranandani Garden,
Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
12.07.1968 |
|
Date of Appointment : |
12.10.2001 |
|
DIN No.: |
01515293 |
|
|
|
|
Name : |
Mr. Joydeep S. Duttagupta |
|
Designation : |
Director |
|
Address : |
A-102 B, Eden III Co-operative society Limited, Hiranandani Garden,
Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
26.08.1962 |
|
Date of Appointment : |
12.10.2001 |
|
DIN No.: |
01670571 |
KEY EXECUTIVES
|
Name : |
Ms. Geeta |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Geeta Joydeep Duttagupta |
|
72923 |
|
Joydeep Suridh Duttagupta |
|
85273 |
|
Ruby Suridh Duttagupta |
|
6422 |
|
Nikita Joydeep Duttagupta |
|
100 |
|
Joydeep Suridh Duttagupta(HUF) |
|
100 |
|
Anushka Duttagupta |
|
100 |
|
Anirudh Duttagupta |
|
100 |
|
|
|
|
|
Total |
|
165018 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.94 |
|
Other top fifty shareholders |
0.06 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in providing solutions for wear and tear
resistance in several industrial applications and also engaged in
manufacturing and trading various dies and mould, crushing hammers, impact
blades, rotors, cutters and |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
· The Saraswat Co-Operative Bank Limited, SME Branch, Prabhat Bhavan, Block B, 1st Floor, 96, L.B.S. Marg, Opposite Cipla, Vikhroli(West), Mumbai - 400083, Maharashtra, India ·
The Saraswat Co-Operative Bank Limited, RASEC
Department, 303, Ishan Arcade, 3rd Floor, Opposite Gaondevi Temple, Naupada,
Thane (West), Thane - 400602, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
|
|
Name : |
V. Singhi and Associates Chartered Accountants |
|
Address : |
23, Arsiwala Building, 61, Wodehouse Road, Colaba, Mumbai – 400005,
Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFV8971C |
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|
|
|
Associates: |
· Liquid Metal Coating Solutions India Private Limited · Venus Shell Moulding Works Private Limited |
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|
|
|
Enterprise over
which promoter / director exercise significant influence: |
· Venus Shell Moulding Works |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
165018 |
Equity Shares |
Rs.10/- each |
Rs. 1.650
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 |
1.650 |
1.103 |
1.103 |
|
(b) Reserves & Surplus |
39.862 |
20.611 |
14.603 |
|
(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) |
41.512 |
21.714 |
15.706 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
27.096 |
16.643 |
14.292 |
|
(b) Deferred tax liabilities
(Net) |
0.389 |
0.200 |
0.161 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
27.485 |
16.843 |
14.453 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
20.132 |
17.994 |
15.741 |
|
(c) Other current liabilities |
20.942 |
14.708 |
11.260 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
41.074 |
32.702 |
27.001 |
|
|
|
|
|
|
TOTAL |
110.071 |
71.259 |
57.160 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
34.665 |
19.710 |
12.518 |
|
(ii) Intangible Assets |
0.225 |
0.375 |
0.206 |
|
(iii) Capital work-in-progress |
33.456 |
22.435 |
12.801 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.150 |
0.125 |
0.125 |
|
(c) Deferred tax assets (net) |
0.123 |
0.028 |
0.000 |
|
(d) Long-term Loan and Advances |
0.944 |
0.392 |
0.139 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
69.563 |
43.065 |
25.789 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
23.320 |
16.844 |
14.271 |
|
(c) Trade receivables |
8.829 |
4.931 |
12.892 |
|
(d) Cash and cash equivalents |
4.511 |
2.195 |
1.699 |
|
(e) Short-term loans and
advances |
3.848 |
4.224 |
2.509 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
40.508 |
28.194 |
31.371 |
|
|
|
|
|
|
TOTAL |
110.071 |
71.259 |
57.160 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
125.600 |
122.251 |
113.489 |
|
|
|
Other Income |
0.931 |
0.423 |
0.242 |
|
|
|
TOTAL (A) |
126.531 |
122.674 |
113.731 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
69.952 |
71.920 |
68.579 |
|
|
|
Changes in Inventories of Finished Goods and Work in Progress |
(5.658) |
(0.488) |
2.854 |
|
|
|
Employee Benefits Expense |
27.264 |
19.085 |
6.568 |
|
|
|
Other Expenses |
17.343 |
19.289 |
24.830 |
|
|
|
TOTAL (B) |
108.901 |
109.806 |
102.831 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.630 |
12.868 |
10.900 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.160 |
1.816 |
1.439 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.470 |
11.052 |
9.461 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.793 |
2.207 |
1.801 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.677 |
8.845 |
7.660 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.510 |
2.838 |
2.555 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.167 |
6.007 |
5.105 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.610 |
14.603 |
9.498 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
26.777 |
20.610 |
14.603 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
7.896 |
13.749 |
17.766 |
|
|
TOTAL EARNINGS |
7.896 |
13.749 |
17.766 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.185 |
1.448 |
0.740 |
|
|
|
Capital Goods |
0.000 |
0.000 |
1.567 |
|
|
TOTAL IMPORTS |
0.185 |
1.448 |
2.307 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
55.75 |
54.46 |
46.29 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.88
|
4.90 |
4.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.70
|
7.24 |
6.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.68
|
18.17 |
17.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.41 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.65
|
0.77 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99
|
0.86 |
1.16 |
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 |
1.103 |
1.103 |
1.650 |
|
Reserves & Surplus |
14.603 |
20.611 |
39.862 |
|
Net
worth |
15.706 |
21.714 |
41.512 |
|
|
|
|
|
|
long-term borrowings |
14.292 |
16.643 |
27.096 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
14.292 |
16.643 |
27.096 |
|
Debt/Equity
ratio |
0.910 |
0.766 |
0.653 |
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) |
|
Sales |
113.489 |
122.251 |
125.600 |
|
|
|
7.721 |
2.739 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
113.489 |
122.251 |
125.600 |
|
Profit |
5.105 |
6.007 |
6.167 |
|
|
4.50% |
4.91% |
4.91% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
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 |
YEAR’S PERFORMANCE
AND FUTURE OUTLOOK
The turnover was satisfactory during the year. The Directors hope for better results in future years.
CORPORATE
INFORMATION:
Subject is incorporated under the provisions of The Companies Act, 1956 on 12 October 2001. The Company is engaged in providing solutions for wear and tear resistance in several industrial applications. The Company is manufacturing and trading various dies and mould, crushing hammers, impact blades, rotors, cutters and lines used in various industries for crushing, grinding and mixing applications.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
From Director and Shareholders |
13.773 |
9.611 |
|
From Associates |
1.199 |
0.000 |
|
Deposits from Dealers |
1.360 |
1.135 |
|
Total |
16.332 |
10.746 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT SECURED
|
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10481700 |
14/02/2014 |
433,000.00 |
THE SARASWAT CO-OPERATIVE BANK LTD. |
RASEC DEPARTMENT,
303, ISHAN ARCADE, 3RD FLOOR, OPP. GAONDEVI TEMPLE, NAUPADA, THANE (W),
THANE, |
B98137359 |
|
2 |
10432288 |
24/05/2013 * |
30,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME-VIKHROLI
BRANCH, 1ST FLOOR, PRABHAT BHAVAN 96, LB S MARG, VIKHROLI (WEST), MUMBAI,
MAHARASHTRA |
B77701563 |
|
3 |
10357331 |
10/05/2012 |
185,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME BRANCH,PRABHAT BHAVAN, BLOCK B, 1ST FLOOR ,96, L.B.S. MARG,OPP. CIPLA, VIKHROLI(W), MUMBAI, MAHARASHTRA - 400083, INDIA |
B40204703 |
|
4 |
10357333 |
10/05/2012 |
331,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME BRANCH,PRABHAT BHAVAN, BLOCK B,, 1ST FLOOR ,96, L.B.S. MARG,OPP. CIPLA, VIKHROLI(W), MUMBAI, MAHARASHTRA - 400083, INDIA |
B40205403 |
|
5 |
10357337 |
10/05/2012 |
1,250,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME BRANCH,PRABHAT BHAVAN, BLOCK B,, 1ST FLOOR ,96, L.B.S. MARG,OPP. CIPLA, VIKHROLI(W), MUMBAI, MAHARASHTRA - 400083, INDIA |
B40205841 |
|
6 |
10357328 |
10/05/2012 |
12,893,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SME BRANCH,PRABHAT BHAVAN, BLOCK B,, 1ST FLOOR ,96, L.B.S. MARG,OPP. CIPLA, VIKHROLI(W), MUMBAI, MAHARASHTRA - 400083, INDIA |
B40204000 |
|
7 |
10348996 |
24/03/2012 |
2,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC BRANCH, ISHAN
ARCADE, OPP.GAMDEVI TEMPLE,THIRD FLOOR, NAUPADA THANE (W), THANE, MAHARASHTRA
|
B37358553 |
|
8 |
10203690 |
06/02/2010 |
1,584,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SMALL AND MEDIUM ENTERPRISES BRANCH, PRABHAT BHAVAN, 1ST FLOOR, OPP CIPLA, VIKHROLI (W), MUMBAI, MAHARASHTRA - 400083, INDIA |
A79406435 |
|
9 |
10195614 |
06/01/2010 |
400,000.00 |
THE SARASWAT CO.OP. BANK LIMITED |
RASEC BRANCH, THANE
NAGAR VACHANALAYA, MANDI BUILDING, TEMBHINAKA, MUMBAI, MAHARASHTRA - 400602, |
A76959824 |
|
10 |
10081051 |
20/12/2007 |
1,300,000.00 |
THE SARASWAT CO-OP. BANK LIMITED |
SHRI SHRADDHAMATA CHS OPP., MAIN GATE I.I.T., POWAI,, MUMBAI, MAHARASHTRA - 400076, INDIA |
A29409349 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Leasehold Land
· Buildings
· Plant and Machinery
· Electrical Installation
· Electrical Fittings
· Furniture and Fixtures
· EDP Equipments
· Office Equipments
· Vehicles
· Temporary Erections
Intangible Assets
· ERP- 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 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.60.27 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
46 |
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.