1. Summary Information
|
Country |
India |
||
|
Company Name |
SALE INDIA
PRIVATE LIMITED |
Principal Name 1 |
Mr. John Geevargeese |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Jose John Verghese |
|
Registration # |
04-007880 |
||
|
Street Address |
B Jadhav Chambers, 2nd Floor, Ashram Road,
Ahmedabad-380009, Gujarat, India |
||
|
Established Date |
06.06.1985 |
SIC Code |
-- |
|
Telephone# |
91-79-27546314-19 |
Business Style 1 |
Distributor |
|
Fax # |
91-79-27546221 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Color Television |
|
|
# of employees |
Not Divulged
|
Product Name 2 |
Laptops |
|
Paid up capital |
Rs.45,267,000/- |
Product Name 3 |
DVD Players |
|
Shareholders |
Directors or relatives of directors 100% |
Banking |
Union Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
29 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public Enterprise |
NO |
Rating |
Ba (46) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities, |
||
|
Current Assets |
61,489,000 |
Current Liabilities |
100,642,000 |
|
Inventories |
1,76,500,000 |
Long-term Liabilities |
69,137,000 |
|
Fixed Assets |
48,329,000 |
Other Liabilities |
16,434,000 |
|
Deferred Assets |
0 |
Total Liabilities |
186,213,000 |
|
Invest& other Assets |
4,000 |
Retained Earnings |
54,842,000 |
|
|
|
Net Worth |
1,00,109,000 |
|
Total Assets |
286,322,000 |
Total Liab. & Equity |
2,86,322,000 |
|
Total Assets (Previous Year) |
232,818,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
1,252,492,000 |
Net Profit |
16,553,000 |
|
Sales(Previous yr) |
1,053,508,000 |
Net Profit(Prev.yr) |
29,970,000 |
MIRA INFORM REPORT
|
Report Date : |
19.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SALES INDIA PRIVATE LIMITED (w.e.f. 16.07.2009) |
|
|
|
|
Formerly Known
As : |
SALES INDIA LIMITED |
|
|
|
|
Registered
Office : |
B Jadhav Chambers, 2nd Floor, Ashram Road,
Ahmedabad-380009, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.06.1985 |
|
|
|
|
Com. Reg. No.: |
04-007880 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.45.267
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29191GJ1985PTC007880 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS6857N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributor of Consumer Electronics Products. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
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 410000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track. The company possesses an above average financial profile marked by
adequate networth base along with moderate total outside liabilities to
tangible netwoth. Management has reported an increase in its sales volume during 2013. The rating takes into consideration the subject’s high geographic
concentration risks and susceptibility of profitability to intense
competition from large retail stores. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of strong brand image and long standing presence in the
market, the subject 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
November 30, 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 CO-OPERATIVE
CONTACT NO.: 91-79-27546314
LOCATIONS
|
Registered Office : |
B Jadhav Chambers, 2nd Floor, Ashram Road, Ahmedabad-
380009, Gujarat, India |
|
Tel. No.: |
91-79-7546314/ 19 |
|
Fax No.: |
91-79-27546221 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Branches : |
Located at
|
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. John Geevargeese |
|
Designation : |
Director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad- 380009,
India |
|
Date of Birth/Age : |
21.09.1937 |
|
Date of Appointment : |
06.06.1985 |
|
DIN No.: |
00121828 |
|
|
|
|
Name : |
Mr. Jose John Verghese |
|
Designation : |
Managing director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad-380009, India
|
|
Date of Birth/Age : |
06.06.1966 |
|
Date of Appointment : |
06.06.1985 |
|
DIN No.: |
01179345 |
|
|
|
|
Name : |
Mrs. Chandramati John Verghese |
|
Designation : |
Director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad- 380009,
India |
|
Date of Birth/Age : |
30.04.1941 |
|
Date of Appointment : |
20.01.2002 |
|
DIN No.: |
02245648 |
|
|
|
|
Name : |
Mrs. Jessica Jose John |
|
Designation : |
Director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad- 380009,
India |
|
Date of Birth/Age : |
28.04.1994 |
|
Date of Appointment : |
25.06.2012 |
|
DIN No.: |
05311926 |
|
|
|
|
Name : |
Mr. Joy Jose John |
|
Designation : |
Director |
|
Address : |
Santosh Sadan, Opposite H.K House, Ashram Road, Ahmedabad- 380009,
India |
|
Date of Birth/Age : |
28.04.1994 |
|
Date of Appointment : |
25.06.2012 |
|
DIN No.: |
05312773 |
MAJOR SHAREHOLDERS
As on: 30.09.2013
|
Names of Equity Shareholders |
|
No. of Shares |
|
John Geevargeese |
|
1982475 |
|
Jose John |
|
1394100 |
|
Chandramati John |
|
571500 |
|
Sunita Vakta |
|
257625 |
|
Dipika jose |
|
4275 |
|
Joy Jose |
|
58050 |
|
Jessica John |
|
25650 |
|
Total |
|
4293675 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Arnold
Wilfred Solomon |
|
4000 |
|
Emmanuel
John Daniel |
|
600 |
|
Harold
Arnold Soloman |
|
5000 |
|
Minor.
Jeshurun Harold Soloman |
|
2800 |
|
Minor.Jerrice
Harold Soloman |
|
4800 |
|
Sunita
Vakta |
|
20000 |
|
John
Geevargese |
|
101800 |
|
Jose
John |
|
11800 |
|
Mrs.
Chandramati John |
|
6000 |
|
Jessica John |
|
45000 |
|
Joy Jose |
|
31200 |
|
Total |
|
233000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Consumer Electronics Products. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Paras F. Jain and Company Chartered Accountant |
|
Address : |
3rd Floor, Meera Chambers, Opposite Syndicate Bank, Kadia Kui Relief Road, Ahmedabad – 380001, Gujarat, India |
|
PAN No.: |
AATPJ9113C |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Millions |
|
500000 |
Preference Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
Total |
|
Rs.50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4293675 |
Equity Shares |
Rs.10/- each |
Rs.42.937
Millions |
|
233000 |
Preference Shares |
Rs.10/- each |
Rs.2.330
Millions |
|
|
Total |
|
Rs.45.267 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEE
|
SOURCES
OF FUNDS |
|
|
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
45.267 |
|
(b) Reserves & Surplus |
|
|
54.842 |
|
(c) Money received against
share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
100.109 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
20.823 |
|
(b) Deferred tax liabilities
(Net) |
|
|
0.096 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term provisions |
|
|
0.000 |
|
Total
Non-current Liabilities (3) |
|
|
20.919 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
|
48.314 |
|
(b) Trade payables |
|
|
62.236 |
|
(c) Other current liabilities |
|
|
38.406 |
|
(d) Short-term provisions |
|
|
16.338 |
|
Total
Current Liabilities (4) |
|
|
165.294 |
|
|
|
|
|
|
TOTAL |
|
|
286.322 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
47.947 |
|
(ii) Intangible Assets |
|
|
0.382 |
|
(iii) Capital work-in-progress |
|
|
0.000 |
|
(iv) Intangible assets under
development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.004 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
29.108 |
|
(e) Other Non-current assets |
|
|
0.000 |
|
Total
Non-Current Assets |
|
|
77.441 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
0.000 |
|
(b) Inventories |
|
|
176.500 |
|
(c) Trade receivables |
|
|
19.986 |
|
(d) Cash and cash equivalents |
|
|
12.115 |
|
(e) Short-term loans and
advances |
|
|
0.000 |
|
(f) Other current assets |
|
|
0.280 |
|
Total
Current Assets |
|
|
208.881 |
|
|
|
|
|
|
TOTAL |
|
|
286.322 |
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
45.267 |
21.413 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
38.559 |
32.714 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
83.826 |
54.127 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
42.406 |
27.814 |
|
|
2] Unsecured Loans |
|
3.900 |
3.900 |
|
|
TOTAL BORROWING |
|
46.306 |
31.714 |
|
|
DEFERRED TAX LIABILITIES |
|
0.096 |
0.096 |
|
|
|
|
|
|
|
|
TOTAL |
|
130.228 |
85.937 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
40.135 |
31.314 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.003 |
0.003 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
114.610
|
100.751 |
|
|
Sundry Debtors |
|
19.583
|
4.328 |
|
|
Cash & Bank Balances |
|
29.307
|
7.669 |
|
|
Other Current Assets |
|
0.232
|
0.075 |
|
|
Loans & Advances |
|
28.948
|
18.384 |
|
Total
Current Assets |
|
192.680
|
131.207 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
51.296
|
47.969 |
|
|
Other Current Liabilities |
|
30.449
|
14.314 |
|
|
Provisions |
|
20.845
|
14.304 |
|
Total
Current Liabilities |
|
102.590
|
76.587 |
|
|
Net Current Assets |
|
90.090
|
54.620 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
130.228 |
85.937 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1252.492 |
1053.508 |
888.668 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
16.553 |
29.970 |
20.298 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.66 |
6.62 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.32
|
2.84
|
2.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.69
|
0.59
|
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26
|
1.88
|
1.71 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
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) |
|
Sales |
888.668 |
1,053.508 |
1,252.492 |
|
|
|
18.549 |
18.888 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
888.668 |
1,053.508 |
1,252.492 |
|
Profit After Tax |
20.298 |
29.970 |
16.553 |
|
|
2.28% |
2.84% |
1.32% |
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 |
No |
|
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 |
FINANCIAL RESULTS:
During the year, the Company has earned the profit (after tax) of Rs. 16.553 Millions (Previous year Rs. 29.970 Millions). However, with a view to strengthen the financial position of the company, the Directors do not recommend any dividend on Equity Shares. At the same time, your Directors are please to recommend dividend @ 10% on 10% Redeemable Preference Shares of Rs. 10/- each.
OPERATIONS:
During the year, the performance of the company was quite encouraging. The sales of the company have increased to Rs. 1252.492 Millions as against the previous year's sale of Rs. 1053.508 Millions showing significant rise in sales during the year under report. This is the result of the efforts put up by the Directors assisted by the Executives of the company.
The products marketed by the company are very well received by the Customers and all efforts are being made to see that the company achieves new heights of sales and profits in the years to come.
UNSECURED LOAN:
(Rs. in Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
15.700 |
3.900 |
|
Total |
15.700 |
3.900 |
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10169243 |
29/06/2009 |
1,650,000.00 |
HDFC BANK
LIMITED |
HDFC Bank
Housesenapati Bapat Marg, Lower Parel W , Mumbai, Maharashtra - 400013,
India |
A66992348 |
|
2 |
10096296 |
21/03/2008 |
365,000.00 |
UNION BANK OF
INIDA |
Ellisbridge
Branch, Ashram Road, Ahmedabad, Gujarat - 380009, India |
A35842061 |
|
3 |
10069050 |
27/09/2007 |
35,000,000.00 |
3i Infotech Trusteeship
Services Limited |
3rd To 6th
Floor, International Infotech Park, Tower No.5, Vashi Railway Station
Complex, Vashi, Navi Mumbai, Maharashtra - 400703, India |
A23135395 |
|
4 |
10006441 |
27/05/2006 |
2,470,000.00 |
UNION BANK OF
INDIA |
Ellisbridge Branch, Karaka Building,
Ashram Road, Ahmedabad, Gujarat - 380009, India |
A01632884 |
|
5 |
80011675 |
05/01/2007 * |
25,300,000.00 |
ICICI BANK
LIMITED |
Landmarkrace
Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
- |
|
6 |
90095384 |
06/06/2004 |
2,300,000.00 |
ICICI BANK
LIMITED |
Jmc House; 9th
Floor, Opp. Parimal Garden; Ambawadi, Ahemdabad, Gujarat - 380009, India |
- |
|
7 |
90095333 |
30/08/2003 |
2,300,000.00 |
ICICI BANK
LIMITED |
Jmc House; 9th Floor,
Opp. Parimal Garden; Ambawadi, Ahemdabad, Gujarat - 380009, India |
- |
|
8 |
90095149 |
20/04/2013 * |
100,000,000.00 |
UNION BANK OF
INDIA |
Ellisbridge
Branch, Karaka Building, Ashram Road, Ahmedabad, Gujarat - 380009, India |
B75413476 |
|
9 |
90094558 |
04/04/1995 * |
300,000.00 |
UNION BANK OF
INDIA |
Ashram Road,
Ahemdabad, Gujarat, India |
- |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Vehicle
- Computer and
Printer
- Furniture and
Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.59.95 |
|
UK Pound |
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.82.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
NVA |
|
|
|
|
Analysis Done by
: |
--- |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
NO |
|
--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.