MIRA INFORM REPORT
|
Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
BASP CHEMICAL
PRODUCTS LIMITED |
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Registered
Office : |
105/106, Parshwa Chambers, 17/21, |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
28.01.1982 |
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Com. Reg. No.: |
11-026227 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.500 Millions |
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CIN No.: [Company Identification
No.] |
U99999MH1982PLC026227 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trader of Caustic Soda Flakes, Chemicals |
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No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial record with government
department for the year 2014. As per registrar of companies the date of balance sheet (i.e.
financial file) is shown as 31.03.2013 but the document related to the
financial for the year 2011, 2012 and 2013 could not be made available from
any source. As per previous financial record of 2010, the company has incurred
huge accumulated losses. Business is active. Payments are reported to be unknown. The company can be considered for business dealings on safe and
secured 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
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|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
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 (GENERAL DETAILS)
|
Name : |
Mr. Prasanth |
|
Designation : |
Accountant |
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Contact No.: |
91-22-23443557 |
|
Date : |
27.12.2014 |
LOCATIONS
|
Registered Office : |
105/106, Parshwa Chambers, 17/21, |
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Tel. No.: |
91-22-23449557 |
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Fax No.: |
91-22-23443559 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Warehouse : |
Located at Bhiwandi |
DIRECTORS
As on 19.09.2013
|
Name : |
Mr. Mohan S. Agarwal |
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Designation : |
Whole –time Director |
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Address : |
A/503- 504, Raj |
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Date of Birth/Age : |
31.12.1958 |
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Date of Appointment : |
15.12.1982 |
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DIN No.: |
00444653 |
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Other Directorship :
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Name : |
Mr. Neeraj M. Agarwal |
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Designation : |
Director |
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Address : |
A/503-504, Raj Classic Yari Road, Versova, Andheri West, Mumbai –
400061, Maharashtra, India |
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Date of Birth/Age : |
09.08.1981 |
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Date of Appointment : |
09.10.1999 |
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DIN No.: |
00461664 |
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Other Directorship :
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Name : |
Mr. Vikas M. Agarwal |
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Designation : |
Director |
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|
Address : |
A/503-504, Raj Classic Yari Road, Versova, Andheri West, Mumbai – 400061,
Maharashtra, India |
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Date of Appointment : |
01.07.2011 |
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DIN No.: |
03123441 |
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Other Directorship :
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MAJOR SHAREHOLDERS
As on 19.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Mohanlal Agarwal |
|
571500 |
|
Neeraj M. Agarwal |
|
62000 |
|
Meena M. Agarwal |
|
249400 |
|
Vikas M. Agarwal |
|
52900 |
|
Subhash Agarwal |
|
5000 |
|
Chiranjilal Agarwal |
|
5000 |
|
Anil Agarwal |
|
5000 |
|
Sureshchand P. Vyas |
|
2500 |
|
Total |
|
953300 |
As on 19.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Caustic Soda Flakes, Chemicals |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS = Not Available
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees
: |
12
(Approximately) |
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Bankers : |
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Facilities : |
(Rs. In
Millions)
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Auditors : |
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|
Name : |
Gupta Saharia and Company Chartered Accountant |
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Address : |
4, Atlanta, Evershine Nagar, Malad (West), Mumbai – 400064,
Maharashtra, India |
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Tel. No.: |
91-2228443301/28443299 |
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E-Mail : |
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PAN No.: |
AACFG8803D |
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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 19.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
953300 |
Equity Shares |
Rs.10/- each |
Rs. 9.533
Millions |
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As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
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|
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|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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|
1] Share Capital |
2.500 |
2.500 |
2.500 |
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2] Share Application Money |
7.034 |
6.584 |
22.485 |
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3] Reserves & Surplus |
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4] (Accumulated Losses) |
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NETWORTH |
9.534 |
9.084 |
24.985 |
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LOAN FUNDS |
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1] Secured Loans |
8.669 |
11.307 |
68.224 |
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2] Unsecured Loans |
8.619 |
6.005 |
4.940 |
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TOTAL BORROWING |
17.288 |
17.312 |
73.164 |
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DEFERRED TAX LIABILITIES |
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TOTAL |
26.822 |
26.396 |
98.149 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
0.162 |
0.194 |
0.209 |
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Capital work-in-progress |
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INVESTMENT |
58.846 |
10.884 |
0.005 |
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DEFERREX TAX ASSETS |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
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Sundry Debtors |
34.538
|
71.422 |
60.329 |
|
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Cash & Bank Balances |
2.256
|
1.493 |
0.811 |
|
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Closing Stock |
14.975
|
23.879 |
2.657 |
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Loans & Advances |
13.389
|
47.561 |
27.694 |
|
Total
Current Assets |
65.158
|
144.355 |
91.491 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
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|
1.161 |
|
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Other Current Liabilities |
|
|
2.332 |
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Provisions |
98.856
|
135.272 |
0.237 |
|
Total
Current Liabilities |
|
|
3.730 |
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Net Current Assets |
(33.698)
|
9.083 |
87.761 |
|
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MISCELLANEOUS EXPENSES |
1.512 |
6.235 |
10.174 |
|
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TOTAL |
26.822 |
26.396 |
98.149 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SALES |
|
|
|
|
|
Income |
890.078 |
1052.627 |
631.678 |
|
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Other Income |
11.626 |
5.873 |
0.540 |
|
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TOTAL
(A) |
901.704 |
1058.500 |
632.218 |
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
860.689 |
1021.963 |
608.278 |
|
|
Transport and Freight |
0.000 |
0.000 |
14.300 |
|
|
Salary |
0.000 |
0.000 |
0.557 |
|
|
Staff Welfare |
0.000 |
0.000 |
0.024 |
|
|
Electricity |
0.000 |
0.000 |
0.104 |
|
|
Postage and Telegram |
0.000 |
0.000 |
0.026 |
|
|
Rent |
0.000 |
0.000 |
0.120 |
|
|
Insurance |
0.000 |
0.000 |
0.030 |
|
|
Professional and Legal Fees |
0.000 |
0.000 |
0.401 |
|
|
Auditors Remuneration |
0.000 |
0.000 |
0.020 |
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|
Advertisement |
0.000 |
0.000 |
0.009 |
|
|
Bank charges |
0.000 |
0.000 |
0.305 |
|
|
Conveyance |
0.000 |
0.000 |
0.073 |
|
|
Travelling Expenses |
0.000 |
0.000 |
0.184 |
|
|
Brokerage Detail and
Commission |
0.000 |
0.000 |
1.418 |
|
|
Warehouse Charges |
0.000 |
0.000 |
0.186 |
|
|
Printing and Stationery |
0.000 |
0.000 |
0.061 |
|
|
Director Remuneration |
0.000 |
0.000 |
1.262 |
|
|
Telephone Expenses |
0.000 |
0.000 |
0.122 |
|
|
Office Expenses |
0.000 |
0.000 |
0.028 |
|
|
General Expenses |
0.000 |
0.000 |
0.058 |
|
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Bonus Expenses |
0.000 |
0.000 |
0.059 |
|
|
Professional Expenses |
0.000 |
0.000 |
0.008 |
|
|
Sales Tax |
0.000 |
0.000 |
1.470 |
|
|
Service Tax |
0.000 |
0.000 |
0.386 |
|
|
Vehicle Expenses |
0.000 |
0.000 |
0.145 |
|
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Bank Interest |
0.000 |
0.000 |
0.430 |
|
|
Octroi Expenses |
0.000 |
0.000 |
0.032 |
|
|
Donation |
0.000 |
0.000 |
0.004 |
|
|
Frintage Benefit Expenses |
0.000 |
0.000 |
0.029 |
|
|
Income Tax |
0.000 |
0.000 |
0.099 |
|
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Other Expenses |
35.938 |
32.086 |
0.000 |
|
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TOTAL
|
896.627 |
1054.049 |
630.228 |
|
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|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.077 |
4.451 |
1.990 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
0.045 |
|
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|
PROFIT/
(LOSS) BEFORE TAX |
5.077 |
4.451 |
1.945 |
|
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|
|
|
|
Less |
TAX |
0.354 |
0.518 |
0.237 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
4.723 |
3.933 |
1.708 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.53 |
0.37 |
0.27 |
|
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.79
|
3.08 |
2.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53
|
0.48 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.81
|
1.91 |
2.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.66
|
1.07 |
24.53 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.500 |
2.500 |
2.500 |
|
Share Application Money |
22.485 |
6.584 |
7.034 |
|
Net
worth |
24.985 |
9.084 |
9.534 |
|
|
|
|
|
|
Secured borrowings |
68.224 |
11.307 |
8.669 |
|
Unsecured borrowings |
4.940 |
6.005 |
8.619 |
|
Total
borrowings |
73.164 |
17.312 |
17.288 |
|
Debt/Equity
ratio |
2.928 |
1.906 |
1.813 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
631.678 |
1052.627 |
890.078 |
|
|
|
66.640 |
(15.442) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
631.678 |
1052.627 |
890.078 |
|
Profit |
1.708 |
3.933 |
4.723 |
|
|
0.27% |
0.37% |
0.53% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2010 |
As
on 31.03.2009 |
|
Amilal |
0.000 |
0.400 |
|
Anil Dia chem Corporation |
0.827 |
0.272 |
|
Barclay’s Bank Limited |
0.000 |
0.484 |
|
Baspa Organics Limited |
3.043 |
0.000 |
|
Cholaramandalam DBS Loan |
0.445 |
0.695 |
|
Deep Pharma Chem Private Limited |
0.195 |
0.000 |
|
Dignesh Rajesh Shrof |
0.300 |
0.300 |
|
Future Capital Holding |
0.613 |
0.952 |
|
Hema Dye Chem
Private Limited |
0.000 |
0.034 |
|
India Bulls Credit Services Limited |
0.000 |
0.424 |
|
Latha Venktesh |
0.140 |
0.000 |
|
Madhu Tex Industry Limited |
0.295 |
0.000 |
|
Money Line Credit Limited |
1.426 |
1.742 |
|
Rita M Selarka |
1.000 |
0.100 |
|
Royal Industries |
0.000 |
0.302 |
|
Shah Die Chem Corporation |
0.300 |
0.300 |
|
Shalibhadra colour Chem Industries |
0.035 |
0.000 |
|
Total |
8.619 |
6.005 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10282629 |
22/10/2012 * |
75,000,000.00 |
Central Bank of India |
Seven Bunglow Branch, Pran Ashish,, Opp. Picnic Cottage, J. P. Road, Andheri West,, Mumbai, Maharashtra - 400061, INDIA |
B66208075 |
|
2 |
10282695 |
22/10/2012 * |
75,000,000.00 |
Central Bank of India |
Seven Bunglow Branch, Pran Ashish,, Opp. Picnic Cottage, J. P. Road, Andheri West,, Mumbai, Maharashtra - 400061, INDIA |
B66208174 |
|
3 |
10125641 |
27/09/2008 |
4,200,000.00 |
CITIBANK N. A. |
CITITOWER, DR. S. S. RAO ROAD,, PAREL, MUMBAI, Maharashtra - 400012, INDIA |
A47948799 |
|
4 |
80023261 |
19/05/2000 * |
62,000,000.00 |
STATE BANK OF INDIA |
CHURCHGATE BRANCH, MUMBAI, Maharashtra - 400020, INDIA |
- |
|
5 |
80023185 |
07/06/1993 |
9,500,000.00 |
STATE BANK OF INDIA |
CHURCHGATE BRANCH, MUMBAI, Maharashtra - 400020, INDIA |
- |
|
6 |
80023196 |
31/07/1987 |
500,000.00 |
STATE BANK OF INDIA |
CHURCHGATE BRANCH, THE INTERNATIONAL OFF, M.K.ROAD, MUMBAI, Maharashtra - 400020, INDIA |
- |
|
7 |
80023194 |
31/07/1987 |
1,000,000.00 |
STATE BANK OF INDIA |
CHURCHGATE BRANCH, MUMBAI, Maharashtra - 400020, INDIA |
- |
|
8 |
80023195 |
31/07/1987 |
1,000,000.00 |
STATE BANK OF INDIA |
CHURCHGATE BRANCH, MUMBAI, Maharashtra - 400020, INDIA |
- |
|
9 |
80023197 |
28/12/1984 |
70,000.00 |
STATE BANK OF INDIA |
CHURCHGATE BRANCH, MUMBAI, Maharashtra - 400020, INDIA |
- |
|
10 |
80023186 |
04/06/1984 |
500,000.00 |
STATE BANK OF INDIA |
CHURCHGATE BRANCH, MUMBAI, Maharashtra - 400020, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Computer
- Motor Car
- Air conditioner
- Refrigerator
- Office Equipment
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.63.65 |
|
|
1 |
Rs.99.14 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
- |
|
--CREDIT LINES |
1~10 |
- |
|
--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 |
|
11 |
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.