MIRA
INFORM REPORT
|
Report Date : |
26.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
ICEM ENGINEERING COMPANY PRIVATE LIMITED [w.e.f. 13.12.2010] |
|
|
|
|
Formerly Known
As : |
ICEM ENGINEERING COMPANY LIMITED |
|
|
|
|
Registered
Office : |
A-201, Floral Deck Plaza, Central MIDC, Andheri (East), Mumbai – 400
093, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.08.1964 |
|
|
|
|
Com. Reg. No.: |
11-012994 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 11.167 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH1964PLC012994 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI04976G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAC16282M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Dished Ends, Toricons, etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 690000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. External borrowing of the company seems to be increasing. However, the company has achieved fair profitability from its operational
activities during the financial year 2013. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 PARTED BY
|
Name : |
Mr. A. L. Waghale |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9321356025 |
|
Date : |
26.02.2014 |
LOCATIONS
|
Registered Office/ Admin : |
A-201, Floral Deck Plaza, Central MIDC, Andheri (East), Mumbai – 400
093, Maharashtra, India |
|
Tel. No.: |
91-22-30880032 / 31 |
|
Mobile No.: |
91-9321356025 [Mr. A. L. Waghale] |
|
Fax No.: |
91-22-28217128 |
|
E-Mail : |
|
|
Area : |
1200 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1: |
Surve No -60/3, Kudus – Kanchad, Mauje Vasuri, Khurd Wada, Thane,
Maharashtra, India |
|
|
|
|
Marketing Office / Factory 2: |
M S Road, Raghunath Nagar, Wagle Industry, Thane-400604, |
|
Area : |
1 Lac Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Head Office: |
Kandivali Co-operative Industrial Estate, Charkop, Ganesh Nagar,
Kandivali (West), Mumbai – 400067, Maharashtra, India |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Vinod D Tibrewala |
|
Designation : |
Director |
|
Address : |
6, Tibrewala House, J. B. Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Date of Birth/Age : |
05.03.1946 |
|
Date of Appointment : |
17.06.1968 |
|
Din No.: |
00227134 |
|
|
|
|
Name : |
Mr. Vishal Vinod Tibrewala |
|
Designation : |
Director |
|
Address : |
6, Tibrewala House, J. B. Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Date of Birth/Age : |
26.03.1972 |
|
Date of Appointment : |
01.04.1995 |
|
Din No.: |
00227052 |
|
|
|
|
Name : |
Mrs. Uma Vishal Tibrewala |
|
Designation : |
Director |
|
Address : |
6, Tibrewala House, J. B. Nagar, Andheri (East), Mumbai – 400059,
Maharashtra, India |
|
Date of Birth/Age : |
22.04.1972 |
|
Date of Appointment : |
01.04.2000 |
|
Din No.: |
00822122 |
|
|
|
|
Name : |
Mr. Namdeo Kisan Pingle |
|
Designation : |
Director |
|
Address : |
2nd Floor, Devdaya Nagar Co-Operative Housing Limited,
Pokhran Road No. 1, Thane – 400059, Maharashtra, India |
|
Date of Birth/Age : |
23.05.1970 |
|
Date of Appointment : |
13.10.2004 |
|
Din No.: |
00132777 |
KEY EXECUTIVES
|
Name : |
Mr. A. L. Waghale |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vinod D Tibrewala |
|
320000 |
|
Vishal Vinod Tibrewala |
|
259800 |
|
Uma Vinod Tibrewala |
|
120000 |
|
Ramakant J Tibrewala |
|
900 |
|
Shrikant J Tibrewala |
|
900 |
|
Uma Vishal Tibrewala |
|
115000 |
|
Yash Tibrewala U/G Vishal Tibrewala |
|
24533 |
|
Ashutosh Tibrewala U/G Vishal Tibrewala |
|
24533 |
|
Sonal Sonthalia |
|
70100 |
|
Vinod D Tibrewala HUF |
|
153245 |
|
Vishal Vinod Tibrewala HUF |
|
27600 |
|
N.K. Pingle |
|
100 |
|
|
|
|
|
TOTAL
|
|
1116711 |
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 : |
Manufacturer of Dished Ends, Toricons, etc. |
|
|
|
|
Exports : |
|
|
Products : |
·
Finish Goods |
|
Countries : |
·
Gulf Countries |
|
|
|
|
Imports : |
|
|
Products : |
·
Raw Material |
|
Countries : |
·
Germany ·
France |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS [AS ON 31.03.2011]
|
PARTICULARS |
UNITS |
31.03.2011 |
|
Actual Production |
Nos. |
386 |
GENERAL INFORMATION
|
Suppliers : |
·
Dillinger Middle East, Dubai |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Wholesaler and Retailers ·
Ankit Steel, Mumbai |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Kalyan Janata Sahakari Bank Limited, Niharika, Opposite Railway Station, Station Road, Kalyan (W), Thane - 421301, Maharashtra, India · Tjsb Sahakari Bank Limited, Shop No 10/11, Tip Top Plaza, L. B. S. Road, Wagle Industrial Estate, Ndustrial, Thane - 400604, Maharashtra, India · The Thane Janta Shakari Bank, Anant Laxmi, Chembur, Maharashtra, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah and Taparia Chartered Accountants |
|
Address : |
12, Nav Jeevan Wadi, Dhobi Talao, Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-40220301/06 |
|
Fax No.: |
91-22-40220314 |
|
E-Mail : |
|
|
PAN No.: |
AAOFS0336D |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1116711 |
Equity Shares |
Rs.10/- each |
Rs. 11.167
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
11.167 |
11.167 |
|
(b) Reserves & Surplus |
|
162.217 |
161.854 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
173.384 |
173.021 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
136.559 |
115.569 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
20.661 |
|
Total
Non-current Liabilities (3) |
|
136.559 |
136.230 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
200.111 |
121.335 |
|
(b) Trade payables |
|
2.656 |
0.000 |
|
(c) Other current liabilities |
|
121.011 |
262.961 |
|
(d) Short-term provisions |
|
20.434 |
24.932 |
|
Total
Current Liabilities (4) |
|
344.212 |
409.228 |
|
|
|
|
|
|
TOTAL |
|
654.155 |
718.479 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
170.218 |
177.254 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
13.823 |
6.458 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
5.457 |
3.484 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
22.249 |
21.241 |
|
(e) Other Non-current assets |
|
0.671 |
1.028 |
|
Total
Non-Current Assets |
|
212.418 |
209.465 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
161.631 |
164.760 |
|
(c) Trade receivables |
|
38.406 |
142.004 |
|
(d) Cash and cash equivalents |
|
181.461 |
139.014 |
|
(e) Short-term loans and
advances |
|
16.098 |
8.240 |
|
(f) Other current assets |
|
44.141 |
54.996 |
|
Total
Current Assets |
|
441.737 |
509.014 |
|
|
|
|
|
|
TOTAL |
|
654.155 |
718.479 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
11.167 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
161.272 |
|
|
4] (Accumulated Losses) |
|
|
0.00 |
|
|
NETWORTH |
|
|
172.439 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
169.256 |
|
|
2] Unsecured Loans |
|
|
9.149 |
|
|
TOTAL BORROWING |
|
|
178.405 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
350.844 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
181.007 |
|
|
Capital work-in-progress |
|
|
1.094 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.870 |
|
|
DEFERREX TAX ASSETS |
|
|
0.635 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
66.632 |
|
|
Sundry Debtors |
|
|
24.844 |
|
|
Cash & Bank Balances |
|
|
91.960 |
|
|
Other Current Assets |
|
|
43.147 |
|
|
Loans & Advances |
|
|
23.821 |
|
Total
Current Assets |
|
|
250.404 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
63.334 |
|
|
Other Current Liabilities |
|
|
4.940 |
|
|
Provisions |
|
|
17.892 |
|
Total
Current Liabilities |
|
|
86.166 |
|
|
Net Current Assets |
|
|
164.238 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
350.844 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT |
4.361 |
5.113 |
1.677 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
353.247 |
NA |
144.131 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
NA |
54.126 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.91 |
4.57 |
NA |
|
Expected Sales (2013-2014): Rs. 380.000 Millions
The above information has been parted by Mr. A. L. Waghale
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.94 |
1.37 |
1.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.24 |
2.91 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
11.167 |
11.167 |
|
Reserves & Surplus |
161.854 |
162.217 |
|
Net
worth |
173.021 |
173.384 |
|
|
|
|
|
long-term borrowings |
115.569 |
136.559 |
|
Short term borrowings |
121.335 |
200.111 |
|
Total
borrowings |
236.904 |
336.670 |
|
Debt/Equity
ratio |
1.369 |
1.942 |
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 |
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 |
No |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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) |
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 |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Loans and advance from related parties |
19.613 |
18.818 |
|
|
|
|
|
Total |
19.613 |
18.818 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10447524 |
16/08/2013 |
2,700,000.00 |
THE TJSB SAHAKARI BANK LIMITED |
ANANT LAXMI CHEMBER, B- CABIN, SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
B84267244 |
|
2 |
10433931 |
22/05/2013 |
35,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
SHOP NO 10/11, TIP TOP PLAZA, L.B.S.ROAD, WAGLE |
B78322625 |
|
3 |
10433930 |
22/05/2013 |
45,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
SHOP NO 10/11, TIP TOP PLAZA, L.B.S.ROAD, WAGLE |
B78322591 |
|
4 |
10437186 |
20/05/2013 |
12,500,000.00 |
TJSB SAHAKARI BANK LIMITED |
SHOP NO 10/11, TIP TOP PLAZA, L.B.S.ROAD, WAGLE |
B79758165 |
|
5 |
10423323 |
06/03/2013 |
30,000,000.00 |
TJSB SAHAKARI BANK LIMITED |
SHOP NO 10/11, TIP TOP PLAZA, L.B.S.ROAD,, WAGLE |
B74257684 |
|
6 |
10318079 |
24/10/2011 |
1,438,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
ANANT LAXMI CHEMBER, B- CABIN, SHIVAJI NAGAR ROAD, NAUPADA, THANE, MAHARASHTRA - 400602, INDIA |
B25463985 |
|
7 |
10308349 |
02/08/2011 |
94,600,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SHOP NO 10/11 TIP TOP PLAZA, L.B.S.ROAD, WAGLE INDUSTRIAL ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
B21589312 |
|
8 |
10297880 |
30/05/2011 |
34,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SHOP NO 10/11 TIP TOP PLAZA, L.B.S.ROAD, THANE (WEST), THANE, MAHARASHTRA - 400604, INDIA |
B17095837 |
|
9 |
10288389 |
08/04/2011 |
55,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SHOP NO 10/11 TIP TOP PLAZA, L.B.S.ROAD, THANE (WEST), THANE, MAHARASHTRA - 400604, INDIA |
B13506183 |
|
10 |
10282350 |
25/02/2011 |
6,500,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
SHOP NO 10/11 TIP TOP PLAZA, L.B.S.ROAD, THANE (WEST), THANE, MAHARASHTRA - 400604, INDIA |
B10743631 |
|
11 |
10052671 |
25/02/2009 * |
60,000,000.00 |
THE KALYAN JANATA SAHAKARI BANK LIMITED |
RAMBAUG BRANCH, RAMBAUG, KALYAN, MAHARASHTRA - 421301, INDIA |
A60414562 |
|
12 |
10013154 |
18/01/2007 * |
20,000,000.00 |
THANE JANATA SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
A03144235 |
|
13 |
90241625 |
28/10/2005 |
397,000.00 |
THANE JANATA BANK |
TIN TOP PLAZA, MUMBAI, MAHARASHTRA, INDIA |
- |
|
14 |
90237714 |
27/12/2007 * |
210,000,000.00 |
THE THANA JANATA SAHAKARI BANK |
TIP TOP PLAZA, WAGLE ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
A34097485 |
|
15 |
80022357 |
18/01/2007 * |
7,500,000.00 |
THANE JANATA SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
- |
|
16 |
90241281 |
18/01/2007 * |
12,500,000.00 |
THANE JANATA SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
- |
|
17 |
80022355 |
18/01/2007 * |
10,000,000.00 |
THANE JANATA SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
- |
|
18 |
80022356 |
13/07/1998 |
10,000,000.00 |
THE THANE JANATA SAHAKARI BANK LIMITED |
INDUSTRIAL ESTATE BRANCH, TMA HOUSE, WAGLE ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
- |
|
19 |
80022354 |
18/01/2007 * |
16,000,000.00 |
THANE JANATA SAHAKARI BANK LIMITED |
TIP TOP PLAZA, WAGLE ESTATE, THANE, MAHARASHTRA - 400604, INDIA |
- |
* Date of charge modification
FIXED ASSETS
·
Land
·
Flat
·
Office
·
Building
·
Plant and Machinery
·
Dies
·
Cranes
·
Furniture and Fixtures
·
Electric Installation
·
Office Equipments
·
Factory Equipments
·
Motor Car
·
Air Conditioner
·
Water Cooler
·
Refrigerator
·
Pump Set
·
Cycles
·
Computer and Software
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. 61.98 |
|
|
1 |
Rs. 103.31 |
|
Euro |
1 |
Rs. 85.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
43 |
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.