MIRA INFORM REPORT
|
Report Date : |
26.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
B. R. STEEL PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
Plot No.C-39/B, MIDC Area, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.09.1960 |
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Com. Reg. No.: |
11-011799 |
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Capital Investment
/ Paid-up Capital : |
Rs.45.715 millions |
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CIN No.: [Company Identification
No.] |
U99999MH1960PTC011799 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB07552G |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing of
Ceramic Colours and Nickel Salts (like Carbonate and Oxide). |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME 4 |
|
Rating Explanation |
Average credit worthiness. |
|
Date |
28.08.2013 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Shivam Pradhan |
|
Designation : |
Accounts Department |
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Contact No.: |
91-22-41410606 |
|
Date : |
23.12.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.C-39/B, MIDC Area, Turbhe Mahape Road, Before Electronic Zone,
Pawne, Navi Mumbai – 400 705, Maharashtra, India |
|
Tel. No.: |
91-22-27631483/ 41410622/ 41410606 |
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Mobile No.: |
91-9819703699 [Mr. Manoj Jena] |
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Fax No.: |
91-22-27684519/ 41410620 |
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E-Mail : |
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Area : |
5000 sq. ft. |
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Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Jagdish Kumudrai Dholakia |
|
Designation : |
Director |
|
Address : |
701, Hem Niketan, 5th Road, Juhu Scheme, Vile Parle (West),
Mumbai – 400 056, Maharashtra, India |
|
Date of Birth/Age : |
11.12.1942 |
|
Qualification : |
BSC |
|
Date of Appointment : |
03.02.2004 |
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DIN No.: |
00384743 |
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Name : |
Mrs. Ila Jagdish Dholakia |
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Designation : |
Director |
|
Address : |
701, Hem Niketan, 5th Road, Juhu Scheme, Vile Parle (West),
Mumbai – 400 056, Maharashtra, India |
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Date of Birth/Age : |
27.06.1944 |
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Qualification : |
BSC |
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Date of Appointment : |
03.02.2004 |
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DIN No.: |
00384746 |
KEY EXECUTIVES
|
Name : |
Mr. Shivam Pradhan |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Vishakha Dholakia jointly Jagdish Dholakia |
|
1 |
|
Sheetal Sabharwal jointly Jagmeetsingh Sabharwal |
|
1 |
|
Jagmeetsingh Sabharwal jointly Sheetal Sabharwal |
|
1 |
|
Ila Dholakia jointly Jagdish Dholakia |
|
108647 |
|
Jagdish Dholakia jointly Ila Dholakia |
|
342650 |
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Total
|
|
451300 |
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Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Ila Dholakia jointly Jagdish Dholakia |
|
2923 |
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Jagdish Dholakia jointly Ila Dholakia |
|
2927 |
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Total
|
|
5850 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of
Ceramic Colours and Nickel Salts (like Carbonate and Oxide). |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Ceramic Colours |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
The Saraswat Co-operative Bank Limited,
Prabhat Bhavan, Block B, 1st Floor, 96, L.B.S. Marg, Opposite
Cipla, Vikhroli (West), Mumbai – 400 083, Maharashtra, India · Citi Bank N.A., Trent House, 2nd Floor, G Block, Plot No. C 60, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India (Tel No.: 91-22-40015757) |
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Facilities : |
Notes: LONG TERM
BORROWINGS Term loans from bank led consortium of banker are secured by a second pari
passu charge on fixed assets. Term loan from Saraswat Co-operative Bank Limited. No SL/9568
amounting to Rs.3.232 millions (As on 31.03.2013). Repayable in equal monthly
installments, last instalment due in July 2015. Rate of interest 10.50%. SHORT TERM
BORROWINGS Working capital borrowings from bank led consortium on account of
packing credit, bill discounting account and draft account are secured by
first pari passu charge on all current assets, present and future. These
borrowings are additionally secured by a second pari passu charge on all
fixed assets, movable and immovable. Term loans from bank led consortium of banker are secured by a second
pari passu charge on fixed assets. Term loan from Saraswat Co-operative Bank Limited. No SL/9131 amounting
to Rs.0.182 million (As on 31.03.2013). Repayable in equal monthly
installments, last instalment due in June 2014. Rate of interest 10.50%. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M. V. Krishnamoorthy Chartered Accountant |
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Address : |
Navi Mumbai, Maharashtra, India |
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PAN
No.: |
AADPM9668F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
487000 |
Equity Shares |
Rs.100/- each |
Rs.48.700 millions |
|
6000 |
Preference Shares |
Rs.100/- each |
Rs.0.600 million |
|
7000 |
Unclassified Shares |
Rs.100/- each |
Rs.0.700 million |
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Total |
|
Rs.50.000
millions |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
451300 |
Equity Shares |
Rs.100/- each |
Rs.45.130 millions |
|
5850 |
Preference Shares |
Rs.100/- each |
Rs.0.585 million |
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Total
|
|
Rs.45.715
millions |
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|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
45.715 |
45.715 |
45.715 |
|
(b) Reserves & Surplus |
223.338 |
209.777 |
224.193 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
269.053 |
255.492 |
269.908 |
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|
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(3)
Non-Current Liabilities |
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(a)
Long-term borrowings |
1.931 |
3.232 |
0.324 |
|
(b) Deferred tax
liabilities (Net) |
10.130 |
9.412 |
8.385 |
|
(c)
Other long term liabilities |
8.608 |
2.243 |
4.719 |
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(d)
Long-term provisions |
23.728 |
30.440 |
15.526 |
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Total
Non-current Liabilities (3) |
44.397 |
45.327 |
28.954 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
91.142 |
117.907 |
181.810 |
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(b)
Trade payables |
179.716 |
49.814 |
39.489 |
|
(c)
Other current liabilities |
14.181 |
12.607 |
13.303 |
|
(d)
Short-term provisions |
4.257 |
0.000 |
14.579 |
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Total
Current Liabilities (4) |
289.296 |
180.328 |
249.181 |
|
|
|
|
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TOTAL |
602.746 |
481.147 |
548.043 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
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|
(i)
Tangible assets |
105.029 |
100.826 |
93.633 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b)
Non-current Investments |
0.050 |
0.050 |
0.025 |
|
(c)
Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
41.002 |
72.551 |
56.993 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
146.081 |
173.427 |
150.651 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
4.100 |
4.100 |
4.013 |
|
(b)
Inventories |
191.784 |
136.034 |
157.949 |
|
(c)
Trade receivables |
166.724 |
111.690 |
183.285 |
|
(d)
Cash and cash equivalents |
12.547 |
6.969 |
6.808 |
|
(e)
Short-term loans and advances |
71.440 |
38.857 |
35.267 |
|
(f)
Other current assets |
10.070 |
10.070 |
10.070 |
|
Total
Current Assets |
456.665 |
307.720 |
397.392 |
|
|
|
|
|
|
TOTAL |
602.746 |
481.147 |
548.043 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
421.641 |
328.735 |
502.838 |
|
|
|
Other Income |
6.676 |
16.761 |
15.252 |
|
|
|
Profit/ (Loss) on Redemption of Mutual Fund |
0.000 |
0.099 |
(1.337) |
|
|
|
TOTAL |
428.317 |
345.595 |
516.753 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
380.071 |
283.256 |
401.456 |
|
|
|
Changes in inventories |
(43.728) |
(13.369) |
(29.229) |
|
|
|
Employee benefit expenses
|
20.205 |
23.152 |
22.942 |
|
|
|
Other expenses |
34.708 |
35.547 |
48.696 |
|
|
|
Exceptional items (Short
Provision for Income Tax and F.B.T.) |
0.112 |
0.000 |
1.912 |
|
|
|
TOTAL |
391.368 |
328.586 |
445.777 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
36.949 |
17.009 |
70.976 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.092 |
13.010 |
17.326 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.857 |
3.999 |
53.650 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.955 |
5.594 |
4.796 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
18.902 |
(1.595) |
48.854 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.975 |
1.027 |
15.767 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
13.927 |
(2.622) |
33.087 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
30.86 |
(5.81) |
73.32 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.30 |
(0.80) |
6.58 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
8.76 |
5.17 |
14.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.14 |
(0.33) |
8.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
(0.01) |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.35 |
0.47 |
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.71 |
1.59 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
45.715 |
45.715 |
45.715 |
|
Reserves & Surplus |
224.193 |
209.777 |
223.338 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
269.908 |
255.492 |
269.053 |
|
|
|
|
|
|
Long Term borrowings |
0.324 |
3.232 |
1.931 |
|
Short Term borrowings |
181.810 |
117.907 |
91.142 |
|
Total borrowings |
182.134 |
121.139 |
93.073 |
|
Debt/Equity ratio |
0.675 |
0.474 |
0.346 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
502.838 |
328.735 |
421.641 |
|
|
|
(34.624) |
28.262 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from Operations |
502.838 |
328.735 |
421.641 |
|
Profit |
33.087 |
(2.622) |
13.927 |
|
|
6.58% |
(0.80%) |
3.30% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is Not Available.
|
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
10384084 |
07/09/2012 |
30,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
PRABHAT BHAVAN, BLOCK B, 1ST
FLOOR, 96, L.B.S. MARG, OPPOSITE CIPLA, VIKROLI (WEST), MUMBAI,
MAHARASHTRA - 400083, INDIA |
B61143673 |
|
2 |
10384079 |
05/09/2012 |
40,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
PRABHAT BHAVAN, BLOCK B, 1ST
FLOOR, 96, L.B.S. MARG, OPPOSITE CIPLA, VIKROLI (WEST), MUMBAI,
MAHARASHTRA - 400083, INDIA |
B61142477 |
|
3 |
10384081 |
05/09/2012 |
70,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
PRABHAT BHAVAN, BLOCK B, 1ST
FLOOR, 96, L.B.S. MARG, OPPOSITE CIPLA, VIKROLI (WEST), MUMBAI,
MAHARASHTRA - 400083, INDIA |
B61143178 |
|
4 |
10384107 |
05/09/2012 |
1,425,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
PRABHAT BHAVAN, BLOCK B, 1ST
FLOOR, 96, L.B.S. MARG, OPPOSITE CIPLA, VIKROLI (WEST), MUMBAI,
MAHARASHTRA - 400083, INDIA |
B61150199 |
|
5 |
10247739 |
29/08/2011 * |
240,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G
BLOCK, PLOT NO.C60, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI,
MAHARASHTRA - 400051, INDIA |
B21553425 |
|
6 |
10234025 |
29/08/2011 * |
240,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G
BLOCK, PLOT NO.C60, BAN |
B21555321 |
|
7 |
10212166 |
23/02/2010 |
539,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RASEC BRANCH, THANE NAGAR
VACHNALAY MANDIR, BUILDING, TEMBHINAKA, THANE, MAHARASHTRA - 400601, INDIA |
A83091900 |
|
8 |
10176684 |
27/08/2009 |
642,941.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
RASEC BRANCH, THANE NAGAR
VACHNALAY MANDIR BUILDING, TEMBHINAKA, THANE, MAHARASHTRA - 400602, INDIA |
A69799328 |
|
9 |
10097442 |
07/01/2008 |
1,740,673.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
VASHI BRANCH, MADHUSHREE,
VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A36258457 |
|
10 |
10026609 |
04/11/2006 |
899,516.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
MADHUSHREE, PLOT NO. 85,,
DISTRICT BUSINESS CENTRE, SECTOR 17, VASHI, NAVI MUMBAI, MAHARASHTRA -
400703, INDIA |
A06910996 |
|
11 |
10026610 |
28/10/2006 |
861,621.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
MADHUSHREE, PLOT NO. 85,,
DISTRICT BUSINESS CENTRE, SECTOR 17, VASHI, NAVI MUMBAI, MAHARASHTRA -
400703, INDIA |
A06913412 |
|
12 |
90149640 |
04/10/1973 |
6,299,000.00 |
BANK OF INDIA |
70/80; M.G. ROAD, BOMBAY,
MAHARASHTRA, INDIA |
- |
|
13 |
90151318 |
07/03/1969 |
200,000.00 |
THE MAHARASHTRA STATE
FINANCIAL CORPORATION LIMITED |
UNITED INDIA BLDG; SIR
PHEROZESHA MEHTA ROAD, BOMBAY, MAHARASHTRA, INDIA |
- |
|
14 |
90152302 |
25/04/1964 |
378,000.00 |
THE MAHARASHTRA STATE
FINANCIAL CORPORATION |
UNITED INDIA BLDG; SIR
PHEROZESHA MEHTA RD, BOMBAY |
- |
* Date of charge modification
FIXED ASSETS:
·
Leasehold Land
·
Roads
·
Factory Building
·
Electrical Fittings
·
Laboratory Equipment
·
Plant and Machineries
·
Air Conditioner
·
Computer
·
Fire Extinguishers
·
Mobile Instruments
·
Motor Car
·
D.G. Set
·
Television Set
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.63.46 |
|
|
1 |
Rs.98.51 |
|
Euro |
1 |
Rs.77.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
|
-- PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.