MIRA
INFORM REPORT
|
Report Date : |
15.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIABLE AUTOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. F-80, MIDC, Ambad, Nashik – 422010, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.07.1996 |
|
|
|
|
Com. Reg. No.: |
11-101050 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.99.197 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74994MH1996PTC101050 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKR00741G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR0897A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Auto Components and Dies. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1970000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The rating reflects sound financial risk profile marked by fair
profitability levels and sound liquidity position of the company. Trade relations are fair. Business is active. Payment 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.
INDIAN ECONOMIC OVERVIEW
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects positive
impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Loan: BBB- |
|
Rating Explanation |
Moderate degree of safety, it carry moderate
credit risk. |
|
Date |
May, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Loan: A3 |
|
Rating Explanation |
Moderate degree of safety and high credit
risk. |
|
Date |
May, 2013 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Dhananjay Gore |
|
Designation : |
Senior of Finance Manager |
|
Contact No.: |
91-9850066560 |
|
Date : |
12.04.2014 |
LOCATIONS
|
Registered/ Corporate Office : |
Plot No. F-80, MIDC, Ambad, Nashik – 422010, |
|
Tel. No.: |
91-253-2387696/ 3918553/ 3918545 |
|
Mobile No.: |
91-9850066560 (Mr. Dhananjay Gore) 91-9881408534 (Mr. Sachin) |
|
Fax No.: |
91-253-2384470 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
H-101/102, MIDC, Ambad, Nashik – 422010, |
|
Tel No.: |
91-253-2385262 |
|
Fax No.: |
91-253-2384470 |
|
|
|
|
Factory 2 : |
E-65/1, MIDC, Ambad, Nashik – 422010, Maharashtra, India |
|
|
|
|
Factory 3 : |
C-2, MIDC, Chakan, Pune – 410501, |
DIRECTORS
(AS ON 10.06.2013)
|
Name : |
Mr. Devendra Dattatray Bapat |
|
Designation : |
Director |
|
Address : |
5, Manas, Near Ganesh Mandir, Savarkar Nagar, Gangapur Road, Nashik –
422013, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1959 |
|
Date of Appointment : |
15.07.1996 |
|
DIN No.: |
00129623 |
|
PAN No.: |
AEOPB3729D |
|
|
|
|
Name : |
Mr. Amol Bhalchandra Chitnis |
|
Designation : |
Director |
|
Address : |
Isha, 9, Savarkar Nagar, |
|
Date of Birth/Age : |
08.07.1960 |
|
Date of Appointment : |
15.07.1996 |
|
DIN No.: |
00121460 |
|
PAN No.: |
ACWPC2194H |
|
|
|
|
Name : |
Mr. Rajendra Bhaskar Bagwe |
|
Designation : |
Director |
|
Address : |
8, “Arohan”, Palm Spring, Savarkar Nagar, Gangapur Road, Nashik –
422013, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1959 |
|
Date of Appointment : |
15.07.1996 |
|
DIN No.: |
00121238 |
|
PAN No.: |
ADYPB9120F |
|
|
|
|
Name : |
Mr. Shaji Varghese |
|
Designation : |
Nominee Director |
|
Address : |
A/702, 7th Floor, Aster, Evershine Park, Prathmesh Comp, Veera
Desai Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1970 |
|
Date of Appointment : |
21.04.2010 |
|
DIN No.: |
03081298 |
|
Nominee Company : |
BTS India Private Equity Fund Limited |
|
|
|
|
Name : |
Mr. Vijay Vaman Paranjape |
|
Designation : |
Director |
|
Address : |
Mauli, 2nd Floor, Gawnd Path, Naupada, Thane – 400602,
Maharashtra, India |
|
Date of Birth/Age : |
25.07.1948 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
00370451 |
KEY EXECUTIVES
|
Name : |
Mr. Dhananjay Gore |
|
Designation : |
Senior of Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 10.06.2013)
|
Names of Shareholders |
No. of Shares |
%age |
|
Devendra Dattatray Bapat |
2400000 |
25.35 |
|
Amol Bhalchandra Chitnis |
2400000 |
25.35 |
|
Rajendra Bhaskar Bagwe |
2400000 |
25.35 |
|
Seema Devendra Bapat |
200000 |
2.11 |
|
Shailaja Rajendra Bagwe |
200000 |
2.11 |
|
Gauri Amol Chitnis |
200000 |
2.11 |
|
BTS India Private Equity Fund Limited, Mauritius |
1667000 |
17.61 |
|
Total |
9467000 |
100.00 |
Equity Shares Break – up
(AS ON 30.09.2013)
|
Category |
Percentage |
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
17.61 |
|
Directors or relatives of directors |
82.39 |
|
|
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Auto Components and Dies. |
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Products : |
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Exports : |
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Products : |
Auto Components and Dies |
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|
Countries : |
·
USA ·
China ·
European Countries ·
Brazil ·
Romania ·
South Africa |
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Terms : |
|
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Selling : |
Cash, Advance Payment. L/C, Cheque and Credit |
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Purchasing : |
Cash, Advance Payment. L/C, Cheque and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers ·
Mahindra and Mahindra ·
Johndear ·
Ford India Private Limited ·
Skoda |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
· The Thane Janata Sahakari Bank Limited Nashik Branch, Nashik – 422002, Maharashtra, India · Citi Bank N A CITI Group Centre,
C-61, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra,
India · State Bank of India IFB Branch, The Arcade, 2nd Floor, World Trade Centre, Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India |
||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Price Water house Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Subsidiaries : |
· Reliable Techno-Designs Private Limited CIN No.:
U74200MH2007PTC174479 |
|
|
|
|
Enterprises over
which personnel individuals having significant influence on company : |
· Reliable Technocrafts Private Limited CIN No.: U34100MH1989PTC051360 |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11100000 |
Equity Shares |
Rs.10/- each |
Rs.111.000 Millions |
|
500000 |
Preferences Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.116.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9467000 |
Equity Shares |
Rs.10/- each |
Rs.94.670
Millions |
|
452718 |
Preferences Shares |
Rs.10/- each |
Rs.4.527
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.99.197 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 |
99.197 |
94.670 |
94.670 |
|
(b) Reserves & Surplus |
393.224 |
246.353 |
158.986 |
|
(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) |
492.421 |
341.023 |
253.656 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
309.661 |
348.806 |
364.959 |
|
(b) Deferred tax liabilities (Net) |
81.919 |
22.925 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
17.764 |
15.305 |
17.348 |
|
Total Non-current
Liabilities (3) |
409.344 |
387.036 |
382.307 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
275.021 |
316.594 |
290.134 |
|
(b) Trade
payables |
224.009 |
410.221 |
423.350 |
|
(c) Other
current liabilities |
244.291 |
200.091 |
115.787 |
|
(d) Short-term
provisions |
20.133 |
6.508 |
3.279 |
|
Total Current
Liabilities (4) |
763.454 |
933.414 |
832.550 |
|
|
|
|
|
|
TOTAL |
1665.219 |
1661.473 |
1468.513 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
875.107 |
790.656 |
723.398 |
|
(ii)
Intangible Assets |
6.568 |
5.436 |
2.637 |
|
(iii)
Capital work-in-progress |
5.748 |
14.307 |
78.167 |
|
(iv)
Intangible assets under development |
1.146 |
0.919 |
0.000 |
|
(b) Non-current Investments |
1.209 |
2.164 |
0.578 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.747 |
8.933 |
16.008 |
|
(e) Other
Non-current assets |
0.296 |
0.296 |
0.000 |
|
Total Non-Current
Assets |
899.821 |
822.711 |
820.788 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
21.822 |
20.000 |
|
(b)
Inventories |
222.533 |
255.638 |
241.145 |
|
(c) Trade
receivables |
359.141 |
399.086 |
250.177 |
|
(d) Cash
and cash equivalents |
58.527 |
65.179 |
70.230 |
|
(e)
Short-term loans and advances |
124.571 |
96.337 |
65.874 |
|
(f) Other
current assets |
0.626 |
0.700 |
0.299 |
|
Total
Current Assets |
765.398 |
838.762 |
647.725 |
|
|
|
|
|
|
TOTAL |
1665.219 |
1661.473 |
1468.513 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation and Other Income |
2803.108 |
2727.249 |
1967.485 |
|
|
|
TOTAL |
2803.108 |
2727.249 |
1967.485 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2588.909 |
2574.998 |
1841.435 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
214.199 |
152.251 |
126.050 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
59.402 |
51.253 |
59.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
154.797 |
100.998 |
66.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
69.384 |
13.630 |
17.766 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
85.413 |
87.368 |
48.534 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
62.284 |
(25.084) |
(73.618) |
|
|
|
|
|
|
|
|
|
Add |
On Account of charge
in accounting policy |
18.309 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
30.089 |
NA |
NA |
|
|
|
Proposed Dividend on Equity Shares for the
year |
9.467 |
NA |
NA |
|
|
|
Dividend Distribution Tax on Proposed
Divided on Equity Shares |
1.536 |
NA |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
124.914 |
62.284 |
(25.084) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
491.816 |
261.480 |
254.783 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
12.411 |
8.462 |
10.069 |
|
|
|
Stores & Spares |
1.902 |
5.440 |
5.353 |
|
|
|
Capital Goods |
7.066 |
3.126 |
89.020 |
|
|
TOTAL IMPORTS |
21.379 |
17.028 |
104.442 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.03 |
9.23 |
5.13 |
|
Expected Sales (2013-2014): Rs.2820.000 Millions
The above information has been parted by Mr. Dhananjay Gore.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.05
|
3.20
|
2.47
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.34
|
6.14
|
4.77
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.30
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.19
|
1.95
|
2.58
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00
|
0.90
|
0.78
|
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 |
94.670 |
94.670 |
99.197 |
|
Reserves & Surplus |
158.986 |
246.353 |
393.224 |
|
Net
worth |
253.656 |
341.023 |
492.421 |
|
|
|
|
|
|
long-term borrowings |
364.959 |
348.806 |
309.661 |
|
Short term borrowings |
290.134 |
316.594 |
275.021 |
|
Total
borrowings |
655.093 |
665.400 |
584.682 |
|
Debt/Equity
ratio |
2.583 |
1.951 |
1.187 |
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 |
1,967.485 |
2,727.249 |
2,803.108 |
|
|
|
38.616 |
2.782 |
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 |
1,967.485 |
2,727.249 |
2,803.108 |
|
Profit |
48.534 |
87.368 |
85.413 |
|
|
2.47% |
3.20% |
3.05% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT:
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturity of long term debt |
157.367 |
131.117 |
71.293 |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In
Millions) |
|
Long Term
Borrowings |
|
|
|
Deferred Sales Tax Loan |
19.642 |
18.949 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Loans and Advance from directors |
11.400 |
11.400 |
|
|
|
|
|
Total |
31.042 |
30.349 |
CONTINGENT
LIABILITIES
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In
Millions) |
||
|
|
|
|
|
|
(i) Guarantees (net of expired guarantees) given by banks on behalf of
the Company |
0.475 |
1.084 |
1.437 |
|
(ii) Guarantees (net of expired guarantees) given by banks on behalf of
the Company (State Bank of India) |
10.801 |
71.397 |
9.219 |
|
(iii) Bonds issued in favour of Excise and Customs authorities |
68.105 |
71.731 |
72.136 |
|
(iv) Bills Discounted/ Factored with Bank |
-- |
145.264 |
122.669 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10454148 |
04/10/2013 |
160,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
SCC NASHIK BRANCH,
KESHAR PLAZA, DGP NAGAR, AMBAD, NASHIK, MAHARASHTRA - 422010, INDIA |
B87140513 |
|
2 |
10418712 |
26/03/2013 |
28,500,000.00 |
TJSB SAHAKARI
BANK LIMITED |
SCC NASHIK
BRANCH, KESHAR PLAZA, DGP NAGAR, AMBAD, NASHIK, MAHARASHTRA - 422010, INDIA |
B72886575 |
|
3 |
10320609 |
20/10/2011 |
100,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NASHIK BRANCH,
2, SUYOJIT SANKUL, SHARANPUR ROAD, |
B26595611 |
|
4 |
10248464 |
22/10/2010 |
90,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NASHIK BRANCH,
2, SUYOJIT SANKUL, SHARANPUR ROAD, |
A97493274 |
|
5 |
10090016 |
08/02/2008 |
70,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
SUYOJIT SANKUL, SHARANPUR
ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
A33475195 |
|
6 |
10076167 |
21/11/2013 * |
1,020,000,000.00 |
State Bank of
India |
IFB BRANCH, THE
ARCADE, 2ND FLOOR, WORLD TRADE CENTRE, CUFFE PARADE, COLABA, MUMBAI,
MAHARASHTRA |
B90671546 |
|
7 |
80066808 |
23/03/2006 |
88,600,000.00 |
The Thane Janata
Sahakari Bank Ltd |
SUYOJIT SANKUL,
SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
- |
|
8 |
80066809 |
23/03/2006 |
20,300,000.00 |
The Thane Janata
Sahakari Bank Ltd |
SUYOJIT SANKUL,
SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
- |
|
9 |
80066810 |
12/12/2005 |
57,600,000.00 |
The Thane Janta
Sahakari Bank Ltd |
NASHIK BRANCH,
NASHIK, NASHIK, MAHARASHTRA - 422010, INDIA |
- |
|
10 |
80016329 |
31/10/2006 * |
126,819,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
SUYOJIT SANKUL,
SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Furniture and Fixtures
· Office Equipment
· Computers
· Vehicles
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 : |
PRT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
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 |
|
45 |
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.