|
Report Date : |
11.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARYAVART CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.2, 3, 4, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 (Consolidated) |
|
|
|
|
Date of
Incorporation : |
29.08.1977 |
|
|
|
|
Com. Reg. No.: |
11-019831 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.18.540
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1977PTC019831 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA20043C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA6873C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Industrial Chemicals. |
|
|
|
|
No. of
Employees: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its financials after 2011
with Government Department. Financials of 2011, 2012 and 2013 are not available with us. As per previous consolidated financials of 2010, there appears huge
accumulated losses recorded by the company which has eroded networth of the
company. Business is active. Payment terms are reported to be unknown. The company can be considered for business dealing on a 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 – 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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under control,
said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up
from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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 BY
|
Name : |
Mr. Ajay C. Nair |
|
Designation : |
Director |
|
Contact No.: |
91-9967093949 |
|
Date : |
10.02.2014 |
LOCATIONS
|
Registered Office : |
Plot No.2, 3, 4, Commodity Exchange Building, Sector 19A, Vashi, Navi
Mumbai – 400 705, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9967093949 (Mr. Ajay C. Nair) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
801, Vashi Infotech Park, Plot No.16, Sector 30A, Vashi, |
|
Tel. No.: |
91-22-27812638 |
|
Fax No.: |
91-22-27812659 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. N/96/97, MIDC Industrial Area, Additional Jalgaon,
Maharashtra, India |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. T.V.C. Nair |
|
Designation : |
Managing Director |
|
Address : |
105, Shilpa, Plot No.40, Garodia Nagar, Ghatkopar (East), Mumbai – 400 077, Maharashtra |
|
Date of Birth/Age : |
28.07.1940 |
|
Qualification : |
Science Graduate |
|
Date of Appointment : |
29.08.1977 |
|
DIN No.: |
01153183 |
|
|
|
|
Name : |
Mrs. Shobhana Chandrasekharan Nair |
|
Designation : |
Director |
|
Address : |
105, Shilpa, Plot No.40, Garodia Nagar, Ghatkopar (East), Mumbai – 400 077, Maharashtra |
|
Date of Birth/Age : |
15.02.1950 |
|
Date of Appointment : |
12.12.1987 |
|
DIN No.: |
00861162 |
|
|
|
|
Name : |
Mr. Ajay Chandrasekharan Nair |
|
Designation : |
Director |
|
Address : |
105, Shilpa, Plot No.40, Garodia Nagar, Ghatkopar (East), Mumbai – 400 077, Maharashtra |
|
Date of Birth/Age : |
19.05.1974 |
|
Date of Appointment : |
14.10.1994 |
|
DIN No.: |
00861459 |
|
|
|
|
Name : |
Mr. Harish Damji Dharamsi |
|
Designation : |
Director |
|
Address : |
KL 6 A02/105, CIDCO, Colony, Sector I (A), Kalamboli, Panvel, Raigad – 410 218, Maharashtra, India |
|
Date of Birth/Age : |
17.09.1949 |
|
Date of Appointment : |
28.07.2000 |
|
DIN No.: |
00867048 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
T.V.C. Nair |
|
98091 |
|
Shobhana C Nair |
|
21958 |
|
Ajay Nair |
|
21836 |
|
Uma C. Nair |
|
14285 |
|
G.T. Vatassery |
|
20280 |
|
Aryavart Securities Private Limited, |
|
5000 |
|
Priya Ajay Nair |
|
900 |
|
Ambujam Balakrishnan |
|
1050 |
|
Harish D. Dharamsi |
|
2000 |
|
Total |
|
185400 |
AS ON 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
2.70 |
|
Directors
or relatives of directors |
|
85.80 |
|
Other
top fifty shareholders |
|
11.50 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Industrial Chemicals. |
|
|
|
|
Products : |
· PVC Additives · Metal Stearates · Paint Additives · FRP Accelerators |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Saraswat Co-Operative Bank Limited, SME Branch,
Prabhat Bhavan, Block B, 1st Floor, Opposite CILPA, Vikhroli
(West) Mumbai – 400 083, Maharashtra, India
·
The Saraswat Co-Operative Bank Limited,
Madhushree, Plot No.85, District, Business Centre, Sector-17, Vashi, Navi
Mumbai – 400 004, Maharashtra, India ·
The Saraswat Co-Operative Bank Limited, AOSARA
Cinema Building, 2nd Floor, Dr. D.B Marg, Mumbai – 400 007,
Maharashtra, India ·
HDFC Bank Limited ·
Citibank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.B. Agarwal and Company Chartered Accountants |
|
Address : |
501, Bharat Apartments, Khajuria Tank Road, Malad (West),
Mumbai – 400 064, Maharashtra, India |
|
PAN No.: |
AABPA5670P |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
190000 |
Equity Shares |
Rs.100/- each |
Rs.19.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
185400 |
Equity Shares |
Rs.100/- each |
Rs.18.540
millions |
|
|
|
|
|
(Of the above 24000 shares of ACPL are allotted as fully
paid up by way of bonus shares by capitalisation of general reserve and 90400
equity shares @ Rs.100/- each fully paid-up issued to the shareholders of the erstwhile
Aryavart Additives Private Limited . pursuant to the scheme of amalgamation
sanctioned by the high court of judicature, Mumbai.)
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
18.540 |
18.540 |
18.540 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
2.602 |
0.000 |
|
|
4] (Accumulated Losses) |
(41.647) |
0.000 |
(0.712) |
|
|
NETWORTH |
(23.107) |
21.142 |
17.828 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
106.851 |
120.038 |
159.690 |
|
|
2] Unsecured Loans |
55.159 |
69.363 |
65.565 |
|
|
TOTAL BORROWING |
162.010 |
189.401 |
225.255 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
138.903 |
210.543 |
243.083 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
22.911 |
25.305 |
66.099 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.328 |
0.328 |
0.228 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
57.324
|
79.042
|
104.842 |
|
|
Sundry Debtors |
43.894
|
75.707
|
58.992 |
|
|
Cash & Bank Balances |
0.413
|
1.687
|
1.542 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
26.265
|
37.131
|
30.316 |
|
Total
Current Assets |
127.896
|
193.567 |
195.692 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.083
|
9.265
|
18.012 |
|
|
Other Current Liabilities |
1.558
|
1.564
|
3.254 |
|
|
Provisions |
0.700
|
0.700
|
1.304 |
|
Total
Current Liabilities |
14.341
|
11.529 |
22.570 |
|
|
Net Current Assets |
113.555
|
182.038 |
173.122 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
2.109 |
2.872 |
3.634 |
|
|
|
|
|
|
|
|
TOTAL |
138.903 |
210.543 |
243.083 |
|
PROFIT & LOSS
ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
194.326 |
301.856 |
258.526 |
|
|
|
Other Income |
0.610 |
0.050 |
0.014 |
|
|
|
TOTAL (A) |
194.936 |
301.906 |
258.540 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing and Other
Expenses |
216.466 |
276.041 |
235.461 |
|
|
|
Transferred from Revaluation Reserve |
(0.097) |
(0.097) |
(0.097) |
|
|
|
TOTAL (B) |
216.369 |
275.944 |
235.364 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(21.433) |
25.962 |
23.176 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
20.098 |
18.872 |
22.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(41.531) |
7.090 |
1.058 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.622 |
2.643 |
5.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(44.153) |
4.447 |
(4.533) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
1.036 |
0.300 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(44.153) |
3.411 |
(4.833) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(2.767) |
(6.178) |
(1.345) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(46.920) |
(2.767) |
(6.178) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
54.538 |
76.493 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(238.16) |
18.40 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
(22.65) |
1.13
|
(1.87) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(22.72) |
1.47
|
(1.75) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(29.28) |
2.03
|
(1.73) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
1.91 |
0.21
|
(0.25) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
(7.01) |
8.96
|
12.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.92 |
16.79
|
8.67 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
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 |
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 Loans |
31.03.2010 (Rs. in Millions) |
31.03.2009 (Rs. in Millions) |
|
From Directors |
7.851 |
9.909 |
|
From Share Holders |
6.011 |
5.809 |
|
Agency and Other Security Deposit |
6.609 |
17.498 |
|
Interests Free Sales Tax Loan |
34.688 |
36.147 |
|
Total |
55.159 |
69.363 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10216917 |
31/03/2010 |
1,825,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
SME BRANCH,
PRABHAT BHAVAN, BLOCK B, 1ST FLOOR, OPPOSITE CILPA, VIKHROLI (WEST), MUMBAI,
MAHARASHTRA -400083, INDIA |
A84519610 |
|
2 |
10152801 |
16/02/2009 |
20,000,000.00 |
THE SARASWAT CO-OPERATIVE
BANK LIMITED |
MADHUSHREE, PLOT
NO. 85, DISTRICT BUSINESS CENTRE, SECTOR-17, VASHI, NAVI MUMBAI, MAHARASHTRA
- 400004, INDIA |
A59987966 |
|
3 |
10096224 |
29/03/2008 |
55,000,000.00 |
ZWIRN PRAGATI
CAPFIN PRIVATE LIMITED |
1111/5, R B SAIN
DASS ROAD, BEHIND HINDU COLLEGE, |
A35563972 |
|
4 |
90158332 |
02/12/2005 * |
104,900,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
MADHUSHREE PLOT
NO. 85, SECTOR 17, MUMBAI, MAHARASHTRA - 400703, INDIA |
- |
|
5 |
90158075 |
29/09/2003 * |
16,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
SECOTR-17,
VASHI; NAVI MUMBAI, MUMBAI, MAHARASHTRA - 400703, INDIA |
- |
|
6 |
90157837 |
05/12/2001 |
12,860,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
VASHI BRANCH, NAVI
MUMBAI, MUMBAI, MAHARASHTRA, INDIA |
- |
|
7 |
90157632 |
30/12/2000 |
2,500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
VASHI BRANCH,
NAVI MUMBAI, MUMBAI, MAHARASHTRA, INDIA |
- |
|
8 |
80045249 |
23/05/2008 * |
36,185,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
MADHUSHREE, PLOT
NO.85, SECTOR 17, VASHI, NAVI MUMBAI, MAHARASHTRA - 400703, INDIA |
A38914255 |
|
9 |
90157168 |
14/05/1999 |
36,185,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
VASHI BRANCH, NAVI
MUMBAI, MUMBAI, MAHARASHTRA, INDIA |
- |
|
10 |
90157092 |
22/02/1999 |
1,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
VASHI BRANCH,
MUMBAI, MAHARASHTRA, INDIA |
- |
|
11 |
90157065 |
18/01/1999 |
444,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
TAJ BUILDING;
GROUND FLOOR, AMRIT KESHAV NAYAK MARG; |
- |
|
12 |
90156265 |
29/01/1996 |
2,300,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
CENTRAL ADMIN. OFFICE;
A.C. BUILDING, DR. D. B. BHEDKAMKAR
MARG, MUMBAI, MAHARASHTRA - 400007, INDIA |
- |
|
13 |
90155933 |
02/06/1994 |
500,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
CENTRAL ADMIN.
OFFICE; A.C. BUILDING, DR. D. B. BHEDKAMKAR
MARG, MUMBAI, MAHARASHTRA - 400007, INDIA |
- |
|
14 |
90155854 |
14/07/1993 |
1,000,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
CENTRAL ADMIN.
OFFICE; A.C. BUILDING, DR. D. B.
BHEDKAMKAR MARG, MUMBAI, MAHARASHTRA - 400007, INDIA |
- |
|
15 |
90155832 |
29/09/1995 * |
4,700,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CENTRAL ADMIN.
OFFICE; A.C. BUILDING, DR. D. B.
BHEDKAMKAR MARG, MUMBAI, MAHARASHTRA - 400007, INDIA |
- |
|
16 |
90155820 |
02/12/1992 |
1,200,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
CENTRAL ADMIN.
OFFICE; A.C. BUILDING, DR. D. B.
BHEDKAMKAR MARG, MUMBAI, MAHARASHTRA - 400007, INDIA |
- |
|
17 |
90155797 |
16/03/1992 |
300,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
CENTRAL ADMIN. OFFICE;
A.C. BUILDING, DR. D. B. BHEDKAMKAR
MARG, MUMBAI, MAHARASHTRA - 400007, INDIA |
- |
|
18 |
90155794 |
01/12/1992 * |
4,700,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
CENTRAL ADMIN. OFFICE;
A. C. BUILDING, DR. D.B. MARG; GRANTROAD, BOMBAY, MAHARASHTRA - 400007, INDIA |
- |
|
19 |
90155793 |
12/12/2000 * |
3,300,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
CENTRAL ADMIN OFFICE;
APSARA CINEMA BUILDING, DR. D.B. MARG; GRANT ROAD, MUMBAI, MAHARASHTRA -
400007, INDIA |
- |
|
20 |
90155746 |
26/02/1990 |
264,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
LEGAL AND RECOVERY
DAPARTMENT; A. C. BUILDING, 2DN FLOOR; DR. D.B. MARG, MUMBAI, MAHARASHTRA -
400007, INDIA |
- |
|
21 |
90155716 |
15/02/1989 |
400,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
TAJ BUILDING;
GROUND FLOOR, AMRIT KESHAV NAYAK MARG; |
- |
|
22 |
90155713 |
20/07/1989 * |
400,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
TAJ BUILDING,
GROUND FLOOR, AMRIT KESHAV MARG, NEAR NEW EXCELSIOR THEATER; FORT, MUMBAI,
MAHARASHTRA, INDIA |
- |
* Date of charge modification
Note:
The Registered office of the company has been
shifted from 317 and 319, Arenja
Corner, Plot No.71, Sector-17, D B C Vashi, Navi Mumbai – 400 705, Maharashtra
to the present address w.e.f. 01.01.2012.
CONTINGENT
LIABILITIES NOT PROVIDED FOR (AS ON 31.03.2010):
1. Contingent
Liabilities in respect of Bank Guarantees Outstanding Rs. NIL
2. Contingent
Liabilities in respect of Import and Inland Letter of Credit Outstanding
Rs.14.682 millions
FIXED ASSETS
· Land
·
· Plant and Machinery
· Electrical Equipment
· Fire Fighting
· Furniture and Fittings
· Office Equipments
· Office Premises
· Motor Car
· Commercial Vehicle
· Computer
· Air Conditioners
· Lab Equipment
· Effluent Treatment Plant
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.62.19 |
|
|
1 |
Rs.102.14 |
|
Euro |
1 |
Rs.84.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
15 |
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.