1. Summary Information
|
Country |
INDIA |
||
|
Company Name |
RAHUL ELECTRONIC PRIVATE LIMITED |
Principal Name 1 |
MRS. BHAVNA MANOHAR MULCHANDANI |
|
Status |
MODERATE |
Principal Name 2 |
MR. MANUBHAI KISHANCHAND MULCHANDANI |
|
Registration # |
11-107150 |
||
|
Street Address |
D-2, KUMUD NAGAR, S.V. ROAD, GOREGAON (WEST), MUMBAI – 400 062, MAHARASHTRA |
||
|
Established Date |
09.04.1997 |
SIC Code |
-- |
|
Telephone# |
91-22-28724369 |
Business Style 1 |
TRADER |
|
Fax # |
91-22-28724369 |
Business Style 2 |
-- |
|
Homepage |
NOT AVAILABLE |
Product Name 1 |
ELECTRONIC HOME APPLIANCES |
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
COMPONENTS |
|
Paid up capital |
RS.10,000,000/- |
Product Name 3 |
SYSTEMS |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-100% |
Banking |
UNION BANK OF
INDIA |
|
Public Limited Corp. |
NO |
Business Period |
17 YEARS |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
RELATED
PARTY |
-- |
RAHUL APPLIANCES PRIVATE LIMITED |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
57,115,000 |
Current Liabilities |
33,578,000 |
|
Inventories |
83,016,000 |
Long-term Liabilities |
123,586,000 |
|
Fixed Assets |
32,580,000 |
Other Liabilities |
1,336,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
158,500,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
4,211,000 |
|
|
|
Net Worth |
14,211,000 |
|
Total Assets |
172,711,000 |
Total Liab. & Equity |
172,711,000 |
|
Total Assets (Previous Year) |
152,965,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
368,356,000 |
Net Profit |
(2,274,000) |
|
Sales(Previous yr) |
386,817,000 |
Net Profit(Prev.yr) |
590,000 |
MIRA INFORM REPORT
|
Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAHUL ELECTRONIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D-2, Kumud Nagar, S.V. Road, Goregaon (West), Mumbai – 400 062, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.04.1997 |
|
|
|
|
Com. Reg. No.: |
11-107150 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.10.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32100MH1997PTC107150 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR11186A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of all types of Electronic Home Appliances, Components, Systems
etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 57000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company possess a weak financial profile marked by heavy loss from
its operations resulting in deterioration in the position of reserves. Further, the management has reported huge external borrowings in the
books, which acts as a threat to the liquidity. The ratings also take into consideration the intensely competitive
retailing scenario prevailing in the market. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
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 |
CRISIL |
|
Rating |
Long Term Rating: B+ (Suspended) |
|
Rating Explanation |
High risk pf default regarding timely servicing of financial
obligaitons. |
|
Date |
December 11, 2013 |
Reason for suspension:
The suspension of the said rating reflects
inability to maintain a valid rating in the absence of adequate information, as
the subject failed to share the required information.
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 DECLINED
Management non-cooperative
(Tel. No.: 91-22-28723612)
LOCATIONS
|
Registered Office : |
D-2, Kumud Nagar, S V Road, Goregaon (West), Mumbai – 400062, Maharashtra, India |
|
Tel. No.: |
91-22-28723612/ 28778640 |
|
Mobile No.: |
91-8691000505 [Mr. Patel] |
|
Fax No.: |
91-22-28724369 |
|
E-Mail : |
|
|
|
|
|
Godown : |
1st Floor, Skypark Building, Deshmukh Park, Near Ajit
Glass, Oshiwara, Goregaon (West), Mumbai – 400 062, Maharashtra, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mrs. Bhavna Manohar Mulchandani |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Flat No.21, Plot
No.626, Alamona Premises Co-Operative Housing Society, 13th Road,
Khar (West), Mumbai – 400 052, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.06.1965 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
09.04.2007 |
|||||||||||||||||||||||||||
|
DIN No.: |
01032022 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Manubhai Kishanchand Mulchandani |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Flat No.21,
Alamona Building, 2nd Floor, 13th Road, Behind Telephone
Exchange, Khar (West), Mumbai – 400 052, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.11.1962 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
09.04.2007 |
|||||||||||||||||||||||||||
|
DIN No.: |
01129432 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Manohar K. Mulchandani |
251000 |
25.10 |
|
Bhavana M. Mulchandani |
305000 |
30.50 |
|
Manohar Mulchandani HUF |
195600 |
19.56 |
|
Jitendra Kishkani |
173000 |
17.30 |
|
Roopa Kishkani |
75400 |
7.54 |
|
Total |
1000000 |
100.00 |
AS ON 24.10.2013
|
Names of Allottees |
|
No. of Shares |
|
Manohar K. Mulchandani |
|
275000 |
|
Bhavana M. Mulchandani |
|
160000 |
|
Total |
|
435000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of all types of Electronic Home Appliances, Components, Systems
etc. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
Bajaj Finance
Limited, Akurdi Pune, Mumbai Pune Road, Pune – 411 035, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Agrawal and Chhajed Chartered Accountants |
|
Address : |
1307, Navjivan Commercial Premises, Lamington Road, Mumbai – 400
008, Maharashtra, India |
|
Tel. No.: |
91-22-23060473/ 23060474/ 29658540 |
|
Mobile No.: |
91-9820067829/ 9324908661 |
|
Fax No.: |
91-22-23060473 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFA5707M |
|
|
|
|
Enterprises over which Key Management Personnel have significant influence
: |
Rahul Appliances Private Limited |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1435000 |
Equity Shares |
Rs.10/- each |
Rs.14.350 millions |
|
|
|
|
|
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
10.000 |
|
(b) Reserves & Surplus |
|
|
4.211 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
14.211 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
|
80.160 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.528 |
|
(c)
Other long term liabilities |
|
|
0.000 |
|
(d)
Long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
80.688 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
43.426 |
|
(b)
Trade payables |
|
|
17.810 |
|
(c)
Other current liabilities |
|
|
15.768 |
|
(d)
Short-term provisions |
|
|
0.808 |
|
Total
Current Liabilities (4) |
|
|
77.812 |
|
|
|
|
|
|
TOTAL |
|
|
172.711 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
32.421 |
|
(ii)
Intangible Assets |
|
|
0.159 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under development |
|
|
0.000 |
|
(b) Non-current
Investments |
|
|
0.000 |
|
(c) Deferred tax assets
(net) |
|
|
0.000 |
|
(d) Long-term Loan
and Advances |
|
|
19.739 |
|
(e)
Other Non-current assets |
|
|
0.203 |
|
Total
Non-Current Assets |
|
|
52.522 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
83.016 |
|
(c)
Trade receivables |
|
|
4.548 |
|
(d)
Cash and cash equivalents |
|
|
27.993 |
|
(e)
Short-term loans and advances |
|
|
4.256 |
|
(f)
Other current assets |
|
|
0.376 |
|
Total
Current Assets |
|
|
120.189 |
|
|
|
|
|
|
TOTAL |
|
|
172.711 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
10.000 |
10.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
6.485 |
5.895 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
16.485 |
15.895 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
98.927 |
99.751 |
|
|
2] Unsecured Loans |
|
2.745 |
0.679 |
|
|
TOTAL BORROWING |
|
101.672 |
100.430 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
118.157 |
116.325 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
32.616 |
32.934 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
2.161 |
2.332 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
69.800
|
46.845 |
|
|
Sundry Debtors |
|
7.761
|
5.593 |
|
|
Cash & Bank Balances |
|
7.714
|
13.017 |
|
|
Other Current Assets |
|
0.396
|
0.069 |
|
|
Loans & Advances |
|
32.517
|
30.104 |
|
Total
Current Assets |
|
118.188 |
95.628 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
13.487
|
5.093 |
|
|
Other Current Liabilities |
|
20.611
|
9.023 |
|
|
Provisions |
|
0.710
|
0.453 |
|
Total
Current Liabilities |
|
34.808 |
14.569 |
|
|
Net Current Assets |
|
83.380
|
81.059 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
118.157 |
116.325 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations (net) |
368.356 |
386.817 |
357.068 |
|
|
|
Other Income |
2.007 |
2.185 |
2.481 |
|
|
|
TOTAL (A) |
370.363 |
389.002 |
359.549 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-trade |
341.966 |
372.050 |
335.178 |
|
|
|
Changes in inventories of finished goods, work in progress and
stock-in-trade |
(13.216) |
(22.955) |
(7.626) |
|
|
|
Employee benefit Expenses |
8.907 |
9.001 |
6.261 |
|
|
|
Other Expenses |
14.871 |
12.934 |
10.796 |
|
|
|
TOTAL (B) |
352.528 |
371.030 |
344.609 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.835 |
17.972 |
14.940 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
15.412 |
14.376 |
11.679 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.423 |
3.596 |
3.261 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.910 |
2.413 |
2.545 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
0.513 |
1.183 |
0.716 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.787 |
0.593 |
0.628 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(2.274) |
0.590 |
0.088 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(2.27) |
0.59 |
0.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(0.61) |
0.15
|
0.02 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.14 |
0.31
|
0.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.30 |
0.78
|
0.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.07
|
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
8.70 |
6.17
|
6.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
3.40
|
6.56 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
5.895 |
6.485 |
4.211 |
|
Net worth |
15.895 |
16.485 |
14.211 |
|
|
|
|
|
|
Secured Loans |
99.751 |
98.927 |
115.573 |
|
Unsecured Loans |
0.679 |
2.745 |
8.015 |
|
Total borrowings |
100.430 |
101.672 |
123.588 |
|
Debt/Equity ratio |
6.318 |
6.168 |
8.697 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations (net) |
357.068 |
386.817 |
368.356 |
|
|
|
8.331 |
(4.773) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operations (net) |
357.068 |
386.817 |
368.356 |
|
Profit |
0.088 |
0.590 |
(2.274) |
|
|
0.02% |
0.15% |
(0.62%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10452998 |
30/09/2013 |
4,800,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE, MUMBAI PUNE
ROAD, PUNE, MAHARASHTRA |
B86631223 |
|
2 |
10411719 |
28/02/2013 |
25,000,000.00 |
BAJAJ FINANCE LIMITED |
AKURDI PUNE, MUMBAI PUNE
ROAD, PUNE, MAHARASHTRA |
B70748009 |
|
3 |
10324659 |
16/12/2011 |
8,000,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED TOWER,
201, B/1, WESTERN EXPRESS HIGHWAY, GOREGAON (EAST), MUMBAI, MAHARASHTRA -
400063, INDIA |
B28382760 |
|
4 |
10219839 |
27/01/2009 |
34,700,000.00 |
STANDARD CHARTERED BANK |
STANDARD CHARTERED TOWER,
201, B/1, WESTERN EXPRESS HIGHWAY, GOREGAON (EAST), MUMBAI, MAHARASHTRA -
400063, INDIA |
A59884239 |
|
5 |
90157863 |
25/09/2012 * |
57,500,000.00 |
UNION BANK OF INDIA |
OSHIWARA BRANCH, SARAF KASKAR
INDUSTRIAL ESTATE, S.V. ROAD, OSHIWARA, JOGESHWARI (WEST), MUMBAI,
MAHARASHTRA - 400102, INDIA |
B58783028 |
|
6 |
90155317 |
25/09/2012 * |
57,500,000.00 |
UNION BANK OF INDIA |
OSHIWARA BRANCH, SARAF KASKAR
INDUSTRIAL ESTATE, S.V. ROAD, OSHIWARA, JOGESHWARI (WEST), MUMBAI,
MAHARASHTRA - 400102, INDIA |
B58784786 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loans and Advance from Related Parties |
8.015 |
2.745 |
|
Total |
8.015 |
2.745 |
FIXED ASSETS:
·
Buildings
·
Vehicles
·
Furniture and Fixture
·
Office Equipment
·
Air Conditioner
·
Fax Machine
·
Computers
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 records 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.60.23 |
|
UK Pound |
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.83.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.