|
Report Date : |
03.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
RELIABLE AUTOTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. F-80, MIDC, Ambad, Nashik – 422010, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.07.1996 |
|
|
|
|
Com. Reg. No.: |
11-101050 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.99.197 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74994MH1996PTC101050 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKR00741G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR0897A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Auto Components and Dies. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1970000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment are
reported to be slow but 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.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of payments
is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of 18.4
% between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Loan: BBB- (Upgraded from BB) |
|
Rating Explanation |
Moderate degree of safety, it carry moderate credit risk. |
|
Date |
May, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Loan: A3 (Upgraded from A4+) |
|
Rating Explanation |
Moderate degree of safety, it carry moderate credit risk. |
|
Date |
May, 2013 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 (General Details)
|
Name : |
Mr. Sachin |
|
Designation : |
Business Development |
|
Contact No.: |
91-9881408534 |
|
Date : |
31.12.2013 |
LOCATIONS
|
Registered/ Corporate Office : |
Plot No. F-80, MIDC, Ambad, Nashik – 422010, |
|
Tel. No.: |
91-253-2387696/ 3918553/ 3918545 |
|
Mobile No.: |
91-9850066560 (Mr. Dhananjay Gore) 91-9881408534 (Mr. Sachin) |
|
Fax No.: |
91-253-2384470 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
H-101/102, MIDC, Ambad, Nashik – 422010, |
|
Tel No.: |
91-253-2385262 |
|
Fax No.: |
91-253-2384470 |
|
|
|
|
Factory 2 : |
E-65/1, MIDC, Ambad, Nashik – 422010, Maharashtra, India |
|
|
|
|
Factory 3 : |
C-2, MIDC, Chakan, Pune – 410501, |
DIRECTORS
(AS ON 10.06.2013)
|
Name : |
Mr. Devendra Dattatray Bapat |
|
Designation : |
Director |
|
Address : |
5, Manas, Near Ganesh Mandir, Savarkar Nagar, Gangapur Road, Nashik –
422013, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1959 |
|
Date of Appointment : |
15.07.1996 |
|
DIN No.: |
00129623 |
|
PAN No.: |
AEOPB3729D |
|
|
|
|
Name : |
Mr. Amol Bhalchandra Chitnis |
|
Designation : |
Director |
|
Address : |
Isha, 9, Savarkar Nagar, |
|
Date of Birth/Age : |
08.07.1960 |
|
Date of Appointment : |
15.07.1996 |
|
DIN No.: |
00121460 |
|
PAN No.: |
ACWPC2194H |
|
|
|
|
Name : |
Mr. Rajendra Bhaskar Bagwe |
|
Designation : |
Director |
|
Address : |
8, “Arohan”, Palm Spring, Savarkar Nagar, Gangapur Road, Nashik –
422013, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1959 |
|
Date of Appointment : |
15.07.1996 |
|
DIN No.: |
00121238 |
|
PAN No.: |
ADYPB9120F |
|
|
|
|
Name : |
Mr. Shaji Varghese |
|
Designation : |
Nominee Director |
|
Address : |
A/702, 7th Floor, Aster, Evershine Park, Prathmesh Comp,
Veera Desai Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1970 |
|
Date of Appointment : |
21.04.2010 |
|
DIN No.: |
03081298 |
|
Nominee Company : |
BTS India Private Equity Fund Limited |
|
|
|
|
Name : |
Mr. Vijay Vaman Paranjape |
|
Designation : |
Director |
|
Address : |
Mauli, 2nd Floor, Gawnd Path, Naupada, Thane – 400602,
Maharashtra, India |
|
Date of Birth/Age : |
25.07.1948 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
00370451 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin |
|
Designation : |
Business Development |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 10.06.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Devendra Dattatray Bapat |
|
2400000 |
|
Amol Bhalchandra Chitnis |
|
2400000 |
|
Rajendra Bhaskar Bagwe |
|
2400000 |
|
Seema Devendra Bapat |
|
200000 |
|
Shailaja Rajendra Bagwe |
|
200000 |
|
Gauri Amol Chitnis |
|
200000 |
|
BTS India Private Equity Fund Limited, Mauritius |
|
1667000 |
|
|
|
|
|
Total |
|
9467000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
17.61 |
|
Directors or relatives of directors |
|
82.39 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Auto Components and Dies. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Credit (Cheque) |
||||
|
|
|
||||
|
Purchasing : |
L/C and Credit (Cheque) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
400 (Approximately) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· The Thane Janata Sahakari Bank Limited Nashik Branch, Nashik – 422002, Maharashtra, India · Citi Bank N A CITI Group
Centre, C-61, Bandra Kurla Complex, Bandra (East), Mumbai - 400051,
Maharashtra, India · State Bank of India IFB Branch, The Arcade, 2nd Floor, World Trade Centre, Cuffe Parade, Colaba, Mumbai – 400005, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
252, Veer Savarkar Marg, |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Subsidiaries : |
· Reliable Techno-Designs Private Limited CIN No.:
U74200MH2007PTC174479 |
|
|
|
|
Enterprises over
which personnel individuals having significant influence on company : |
· Reliable Technocrafts Private Limited CIN No.: U34100MH1989PTC051360 |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11100000 |
Equity Shares |
Rs.10/- each |
Rs.111.000 Millions |
|
500000 |
Preferences Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.116.000
Millions |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9467000 |
Equity Shares |
Rs.10/- each |
Rs.94.670
Millions |
|
452718 |
Preferences Shares |
Rs.10/- each |
Rs.4.527
Millions |
|
|
|
|
|
|
|
Total |
|
Rs.99.197 Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
99.197 |
94.670 |
94.670 |
|
(b) Reserves & Surplus |
393.224 |
246.353 |
158.986 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
492.421 |
341.023 |
253.656 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
309.661 |
348.806 |
364.959 |
|
(b) Deferred tax liabilities (Net) |
81.919 |
22.925 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
17.764 |
15.305 |
17.348 |
|
Total Non-current Liabilities (3) |
409.344 |
387.036 |
382.307 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
275.021 |
316.594 |
290.134 |
|
(b) Trade payables |
224.009 |
410.221 |
423.350 |
|
(c) Other current
liabilities |
244.291 |
200.091 |
115.787 |
|
(d) Short-term provisions |
20.133 |
6.508 |
3.279 |
|
Total Current Liabilities (4) |
763.454 |
933.414 |
832.550 |
|
|
|
|
|
|
TOTAL |
1665.219 |
1661.473 |
1468.513 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
875.107 |
790.656 |
723.398 |
|
(ii) Intangible Assets |
6.568 |
5.436 |
2.637 |
|
(iii) Capital work-in-progress |
5.748 |
14.307 |
78.167 |
|
(iv)
Intangible assets under development |
1.146 |
0.919 |
0.000 |
|
(b) Non-current Investments |
1.209 |
2.164 |
0.578 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.747 |
8.933 |
16.008 |
|
(e) Other Non-current assets |
0.296 |
0.296 |
0.000 |
|
Total Non-Current Assets |
899.821 |
822.711 |
820.788 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
21.822 |
20.000 |
|
(b) Inventories |
222.533 |
255.638 |
241.145 |
|
(c) Trade receivables |
359.141 |
399.086 |
250.177 |
|
(d) Cash and cash
equivalents |
58.527 |
65.179 |
70.230 |
|
(e) Short-term loans and
advances |
124.571 |
96.337 |
65.874 |
|
(f) Other current assets |
0.626 |
0.700 |
0.299 |
|
Total Current Assets |
765.398 |
838.762 |
647.725 |
|
|
|
|
|
|
TOTAL |
1665.219 |
1661.473 |
1468.513 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operation and Other Income |
2803.108 |
2727.249 |
1967.485 |
|
|
|
TOTAL |
2803.108 |
2727.249 |
1967.485 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2588.909 |
2574.998 |
1841.435 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
214.199 |
152.251 |
126.050 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
59.402 |
51.253 |
59.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
154.797 |
100.998 |
66.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
69.384 |
13.630 |
17.766 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
85.413 |
87.368 |
48.534 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
62.284 |
(25.084) |
(73.618) |
|
|
|
|
|
|
|
|
|
Add |
On Account of
charge in accounting policy |
18.309 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
30.089 |
NA |
NA |
|
|
|
Proposed Dividend on Equity Shares for the
year |
9.467 |
NA |
NA |
|
|
|
Dividend Distribution Tax on Proposed
Divided on Equity Shares |
1.536 |
NA |
NA |
|
|
BALANCE CARRIED
TO THE B/S |
124.914 |
62.284 |
(25.084) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
491.816 |
261.480 |
254.783 |
|
|
TOTAL EARNINGS |
491.816 |
261.480 |
254.783 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
12.411 |
8.462 |
10.069 |
|
|
|
Stores & Spares |
1.902 |
5.440 |
5.353 |
|
|
|
Capital Goods |
7.066 |
3.126 |
89.020 |
|
|
TOTAL IMPORTS |
21.379 |
17.028 |
104.442 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.03 |
9.23 |
5.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total
Income |
(%) |
3.05
|
3.20
|
2.47
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.34
|
6.14
|
4.77
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.30
|
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.19
|
1.95
|
2.58
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00
|
0.90
|
0.78
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Deferred Sales Tax Loan |
19.642 |
18.949 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Loans and Advance from directors |
11.400 |
11.400 |
|
|
|
|
|
Total |
31.042 |
30.349 |
CONTINGENT
LIABILITIES
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In
Millions) |
||
|
|
|
|
|
|
(i) Guarantees (net of expired guarantees) given by banks on behalf of
the Company |
0.475 |
1.084 |
1.437 |
|
(ii) Guarantees (net of expired guarantees) given by banks on behalf
of the Company (State Bank of India) |
10.801 |
71.397 |
9.219 |
|
(iii) Bonds issued in favour of Excise and Customs authorities |
68.105 |
71.731 |
72.136 |
|
(iv) Bills Discounted/ Factored with Bank |
-- |
145.264 |
122.669 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10454148 |
04/10/2013 |
160,000,000.00 |
TJSB SAHAKARI
BANK LIMITED |
SCC NASHIK
BRANCH, KESHAR PLAZA, DGP NAGAR, AMBAD, NASHIK, MAHARASHTRA - 422010, INDIA |
B87140513 |
|
2 |
10418712 |
26/03/2013 |
28,500,000.00 |
TJSB SAHAKARI
BANK LIMITED |
SCC NASHIK
BRANCH, KESHAR PLAZA, DGP NAGAR, AMBAD, NASHIK, MAHARASHTRA - 422010, INDIA |
B72886575 |
|
3 |
10320609 |
20/10/2011 |
100,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NASHIK BRANCH,
2, SUYOJIT SANKUL, SHARANPUR ROAD, |
B26595611 |
|
4 |
10248464 |
22/10/2010 |
90,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
NASHIK BRANCH,
2, SUYOJIT SANKUL, SHARANPUR ROAD, |
A97493274 |
|
5 |
10090016 |
08/02/2008 |
70,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
SUYOJIT SANKUL,
SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
A33475195 |
|
6 |
10076167 |
21/11/2013 * |
1,020,000,000.00 |
State Bank of
India |
IFB BRANCH, THE
ARCADE, 2ND FLOOR, WORLD TRADE CENTRE, CUFFE PARADE, COLABA, MUMBAI,
MAHARASHTRA |
B90671546 |
|
7 |
80066808 |
23/03/2006 |
88,600,000.00 |
The Thane Janata
Sahakari Bank Ltd |
SUYOJIT SANKUL,
SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
- |
|
8 |
80066809 |
23/03/2006 |
20,300,000.00 |
The Thane Janata
Sahakari Bank Ltd |
SUYOJIT SANKUL,
SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
- |
|
9 |
80066810 |
12/12/2005 |
57,600,000.00 |
The Thane Janta
Sahakari Bank Ltd |
NASHIK BRANCH,
NASHIK, NASHIK, MAHARASHTRA - 422010, INDIA |
- |
|
10 |
80016329 |
31/10/2006 * |
126,819,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED |
SUYOJIT SANKUL,
SHARANPUR ROAD, NASHIK, MAHARASHTRA - 422002, INDIA |
|
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Furniture and Fixtures
· Office Equipment
· Computers
· Vehicles
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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.