1. Summary Information
|
|
|
Country |
|
|
Company Name |
PLASTEX PRODUCTS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Kunal Ramesh Shah |
|
Status |
Moderate |
Principal Name 2 |
Mr. Bimal Kantilal Haria |
|
|
|
Registration # |
11-018832 |
|
Street Address |
Haria Centre 8,
Subhash Road, Mumbai-400057, Maharashtra. India |
||
|
Established Date |
20.02.1976 |
SIC Code |
-- |
|
Telephone# |
91-22-55023205 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-28367052 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
Readymade garment |
|
|
# of employees |
150 (Approximately) |
Product Name 2 |
Yarn |
|
Paid up capital |
Rs.
26,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate 49.23 % Directors or relatives of directors 20.15 % Other top fifty shareholders 30.62% |
Banking |
IDBI Bank
Limited |
|
Public Limited Corp. |
NO |
Business Period |
37 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
192,436,000 |
Current Liabilities |
18,650,000 |
|
Inventories |
34,734,000 |
Long-term Liabilities |
239,874,000 |
|
Fixed Assets |
123,373,000 |
Other Liabilities |
16,695,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
275,219,000 |
|
Invest& other Assets |
2,112,000 |
Retained Earnings |
51,436,000 |
|
|
|
Net Worth |
77,436,000 |
|
Total Assets |
352,655,000 |
Total Liab. & Equity |
352,655,000 |
|
Total Assets (Previous Year) |
274,318,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
556,866,000 |
Net Profit |
18,246,000 |
|
Sales(Previous yr) |
400,241,000 |
Net Profit(Prev.yr) |
13,416,000 |
MIRA
INFORM REPORT
|
Report Date : |
30.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
PLASTEX PRODUCTS PRIVATE LIMITED (w.e.f. 24.06.2009) |
|
|
|
|
Formerly Known
As : |
HARIA GARMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Haria Centre 8, Subhash Road, Vile Parle (east), Mumbai – 400057,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.02.1976 |
|
|
|
|
Com. Reg. No.: |
11-018832 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.26.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17200MH1976PTC018832 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH07582B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH1453K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Textile Fabric and Readymade Garments. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 309000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported to be fair. Business is active. Payment are
reported to be usually correct and as per commitment. The company can be considered for normal business dealing 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 services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring has
risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India
committee has recommended setting up a special category of lenders who would
cater to small businesses and households, to expand the number of customers
with access to banking services. These banks would focus onproviding payment
services and deposit products. Indian banks want the free use of
automated teller machines to be capped at five transactions in a month
including that of the bank in which the account is active. This follows state
government order to banks to install security guards at ATM booths after a
woman banker was assaulted in Bangalore. The government is likely to present a
vote on Account in mid-February. The annual Economic Survey will be tabled
later in Parliament along with the full Budget. A full Budget for 2014/15 is
likely to be present in July by the new government formed after the General
Election. The government will soon launch an internet spy system, called Netra,
to detect malafide messages. Security agency will deploy the system to capture
dubious voice traffic on applications such as Skype and Google Talk, as well as
tweeters.
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.
LOCATIONS
|
Registered Office : |
Haria Centre 8, Subhash Road, Vile Parle (East), Mumbai – 400057,
Maharashtra, India |
|
Tel. No.: |
91-22-40973000 / 55023205 |
|
Fax No.: |
91-22-40973030 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
N7, Raj Laxmi – Hitch Complex, Mumbai Nashik Highway, Bhiwandi – 421302, Thane, Maharashtra, India |
|
Tel. No.: |
91-2522-646136 |
|
|
|
|
Factory 2 : |
Plot No. 345/358, GIDC Industrial Zone, Silvasa Road, Vapi – 396195,
Gujarat, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Kunal Ramesh Shah |
|
Designation : |
Director |
|
Address : |
Plot No – 353, Pushpkunj Opposite- Lions Club, Gunjan Vapi, Valsad –
396195, Gujarat, India |
|
Date of Birth/Age : |
19.06.1985 |
|
Date of Appointment : |
31.08.2009 |
|
DIN No.: |
02777565 |
|
|
|
|
Name : |
Mr. Bimal Kantilal Haria |
|
Designation : |
Additional director |
|
Address : |
7, Laxmi Building, North Avenue Road, Santacruze (West), Mumbai –
400054, Maharashtra, India |
|
Date of Birth/Age : |
08.09.1974 |
|
Date of Appointment : |
25.05.2011 |
|
DIN No.: |
00585299 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Kantilal L Hairia |
23400 |
|
Haria Manish Sheetal |
20300 |
|
Manish K. Haria |
28100 |
|
Haria Bimal Minti |
20300 |
|
Bimal K. Haria |
28100 |
|
Haria Dhirajlal Ratanben |
9800 |
|
Best Paper Mills Private Limited, India |
128000 |
|
Kunal R. Shah |
2000 |
|
|
|
|
Total |
260000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
49.23 |
|
Directors or relatives of Directors |
20.15 |
|
Other top fifty shareholders |
30.62 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Textile Fabric and Readymade Garments. |
GENERAL INFORMATION
|
Suppliers : |
·
JBM Industries Limited |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers ·
Citizen Synthetics Private Limited |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· IDBI Bank, Specilzed Corporate Branch-Mcg, 47 Opus Centre, Central Road, MIDC, Andheri (East), Mumbai - 400093, Maharashtra, India · IDBI Bank Limited, IDBI Tower, WTC Complex, Cuffe Parade, Mumbai - 400005, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sunderji Gosar and Company Chartered Accountants |
|
Address : |
301, Hind Rajasthan Building 95, Dadasaheb Phalke Road, Dadar (Central
Railway), Mumbai – 400014, Maharashtra, India |
|
Tel. No.: |
91-22-24113441 / 24150146 |
|
Fax No.: |
91-22-24168974 |
|
E-Mail : |
|
|
PAN No.: |
AALPS9313H |
|
|
|
|
Enterprises over which key management personnel is able to exercise significant
influence : |
² Best Paper Mills
Private Limited ² Best Knitting
Mills Private Limited ² Haria Exports
Limited ² Vilco Pharma
Private Limited ² Haria
Investments Private Limited ² Kumar
International |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
260000 |
Equity Shares |
Rs.100/- each |
Rs.26.000 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 |
|
26.000 |
26.000 |
|
(b) Reserves & Surplus |
|
51.436 |
33.189 |
|
(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) |
|
77.436 |
59.189 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
118.816 |
98.156 |
|
(b) Deferred tax liabilities (Net) |
|
7.761 |
7.971 |
|
(c) Other long term liabilities |
|
2.651 |
2.657 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
129.228 |
108.784 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
121.058 |
69.793 |
|
(b) Trade payables |
|
12.728 |
21.259 |
|
(c) Other current
liabilities |
|
3.271 |
9.696 |
|
(d) Short-term provisions |
|
8.934 |
5.597 |
|
Total Current Liabilities (4) |
|
145.991 |
106.345 |
|
|
|
|
|
|
TOTAL |
|
352.655 |
274.318 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
123.373 |
126.406 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2.112 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
49.358 |
21.278 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
174.843 |
147.684 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
34.734 |
36.534 |
|
(c) Trade receivables |
|
127.163 |
78.651 |
|
(d) Cash and cash
equivalents |
|
10.638 |
6.301 |
|
(e) Short-term loans and
advances |
|
4.875 |
4.757 |
|
(f) Other current assets |
|
0.402 |
0.391 |
|
Total Current Assets |
|
177.812 |
126.634 |
|
|
|
|
|
|
TOTAL |
|
352.655 |
274.318 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
26.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
23.560 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
49.560 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
30.393 |
|
|
2] Unsecured Loans |
|
|
60.405 |
|
|
TOTAL BORROWING |
|
|
90.798 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.383 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
142.741 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
84.647 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
35.106
|
|
|
Sundry Debtors |
|
|
42.195
|
|
|
Cash & Bank Balances |
|
|
1.648
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
15.362
|
|
Total
Current Assets |
|
|
94.311
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
36.217
|
|
|
Net Current Assets |
|
|
58.094
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
142.741 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
399.683 |
214.235 |
|
|
|
Other Income |
|
0.558 |
1.239 |
|
|
|
TOTAL |
556.866 |
400.241 |
215.474 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material |
|
299.506 |
150.951 |
|
|
|
Purchase of stock-in-trade |
|
3.044 |
0.000 |
|
|
|
Cost of Consumable Used |
|
0.000 |
0.606 |
|
|
|
Changes in inventories of finished goods, work in progress and stock
in trade |
|
(6.109) |
0.000 |
|
|
|
Administrative Expenses |
|
0.000 |
14.178 |
|
|
|
Employee benefit |
|
13.516 |
0.000 |
|
|
|
Manufacturing Expenses |
|
0.000 |
11.252 |
|
|
|
Selling Expenses |
|
0.000 |
4.255 |
|
|
|
Increase/Decrease in Stock |
|
0.000 |
2.294 |
|
|
|
Other Expenses |
|
42.526 |
0.000 |
|
|
|
Exceptional Item |
|
0.689 |
|
|
|
|
TOTAL |
529.790 |
353.172 |
183.536 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(Including Financial and Depreciation) |
47.069 |
31.938 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
7.089 |
3.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
39.980 |
28.919
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
16.073 |
8.547 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
27.076 |
23.907 |
20.372 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.830 |
10.491 |
1.107 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
18.246 |
13.416 |
19.265 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
22.119 |
2.854 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
22.119 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of Goods (FOB Basis) |
0.782 |
14.747 |
0.829 |
|
|
TOTAL EARNINGS |
0.782 |
14.747 |
0.829 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
15.491 |
11.477 |
7.225 |
|
|
|
Capital Goods |
8.741 |
55.728 |
56.973 |
|
|
TOTAL IMPORTS |
24.232 |
67.205 |
64.198 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
70.18 |
51.60 |
74.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.27
|
3.35 |
8.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
5.98 |
9.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.72
|
8.71 |
11.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.40 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.10
|
2.84 |
1.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22
|
1.19 |
2.60 |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
|
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
92.348 |
98.026 |
|
Loans and advance from others |
25.500 |
0.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Bank overdrawn account |
19.996 |
0.000 |
|
|
|
|
|
Total |
137.844 |
98.026 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10196731 |
26/02/2013 * |
100,000,000.00 |
IDBI Bank Limited |
IDBI TOWER WTC COMPLEX CUFFE PARADE, BRANCH OFFICE AT EN HOUSE GHODDOD
ROAD SURAT, MUMBAI, Maharashtra - 400005, INDIA |
B72730682 |
|
2 |
90219139 |
09/10/2000 |
2,000,000.00 |
CENTRAL BANK OF INDIA |
SHIVCHHAYA COMPOUND, MATHURA DAS VASANJI ROAD, MUMBAI, Maharashtra,
INDIA |
- |
|
3 |
90219097 |
08/03/2001 * |
1,500,000.00 |
CENTRAL BANK OF INDIA |
SHIVCHHAYA COMPOUND, MATHURA DAS VASANJI ROAD, MUMBAI, Maharashtra,
INDIA |
- |
|
4 |
90218868 |
23/03/1989 |
71,500.00 |
SARDAR BHILAWALA PARDI PEOPLE |
CO-OPRATIVE BANK LIMITED, SILVAS ROAS;DIST VALSAD |
- |
|
5 |
90218710 |
18/08/1980 |
100,000.00 |
STATE BANK OF INDIA |
VAPI INDUSTRIAL, TOWNSHIP BRANCH, VAPI DIST., Maharashtra, INDIA |
- |
|
6 |
90218691 |
24/10/1978 |
210,000.00 |
STATE BANK OF INDIA |
VAPI INDUSTRIAL, TOWNSHIP BRANCH, VAPI DIST., Maharashtra, INDIA |
- |
* Date of charge modification
TRADE REFERENCES:
· JBM Industries Limited
· Citizen Synthetics Private Limited
FIXED ASSETS
·
Air Conditioner
·
Electrical Fittings
·
Furniture and Fixture
·
Plant and Machinery
·
Computer
·
Factory Equipment
·
Vehicle
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.62.20 |
|
|
1 |
Rs.103.12 |
|
Euro |
1 |
Rs.84.96 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
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 |
|
44 |
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.