MIRA INFORM REPORT
|
Report Date : |
02.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME NONWOVEN INDUSTRIES PRIVATE LIMITED (w.e.f.02.01.2008) |
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Formerly Known
As : |
BHILAD TEXTILE INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
Plot No. 110, 8th Floor, 16th Road, Chembur, Mumbai – 400071, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
04.06.1984 |
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Com. Reg. No.: |
11-033072 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.882
Millions |
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|
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CIN No.: [Company Identification
No.] |
U17120MH1984PTC033072 |
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PAN No.: [Permanent Account No.] |
AAACB1673P |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Non-Woven Items such as Interlinings,
Disposable Fabrics and Fabrics for Industrial Applications. |
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|
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3700000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems some dip in the profit of the company during 2013.
However, networth of the company is good. General financial position of the
company is decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from Russian
Investment firm DST Global which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca
for nearly $ 118 billion after the latter refused an offer of 55 pounds a
share.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit
risk. |
|
Date |
May 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A2+ |
|
Rating Explanation |
Strong degree of safety it carry low credit
risk. |
|
Date |
May 2014 |
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
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-22-25212323)
LOCATIONS
|
Registered Office : |
Plot No. 110, 8th Floor, 16th Road, Chembur, Mumbai – 400071, Maharashtra,
India |
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Tel. No.: |
91-22-25208822 |
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Fax No.: |
91-22-25208092 |
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E-Mail : |
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Website : |
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Factory 1 : |
National Highway No.8, Bhilad, District Valsad – 396105, Gujarat ,
India |
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Tel. No.: |
91-260-2784169/ 4669 |
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Fax No.: |
91-260-2784170 |
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Factory 2 : |
Next to Dalwada Substation, Kadaiya Village, Airport Road, Daman –
396210, India |
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Tel. No.: |
91-260-2221706/ 2220943/ 2220998
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Fax No.: |
91-260-2220706 |
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Factory 3 : |
Plot No.83, Phase I, Near
Zandupharma, GIDC, Vapi – 396195, Gujarat, India |
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Tel. No.: |
91-260-2420441/ 3948420 |
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Fax No.: |
91-260-2401332 |
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Branch Offices : |
Located at: · Bawal · Bidadi · Chennai · Daman · Dharwad · Halol · Mumbai · Ranjangaon · Rudrapur · Sanand · Thailand · Vapi |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Amit Mohan Kavrie |
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Designation : |
Director |
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Address : |
E/25, Matru Krupa, Nandadeep Everest Colony, Sahakar Nagar, Road No.4,
Chembur, Mumbai – 400071, Maharashtra, India |
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Date of Birth/Age : |
21.08.1977 |
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Qualification : |
B.S., M.S. |
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Experience : |
15 Years |
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Date of Appointment : |
10.07.2006 |
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PAN No.: |
AAIPK3917E |
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DIN No.: |
00153017 |
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Other Directorship :
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Name : |
Mr. Mohan Mahadev Kavrie |
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Designation : |
Director |
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Address : |
E/25, Matru Krupa, Nandadeep Everest Colony, Sahakar Nagar, Road No.4,
Chembur, Mumbai – 400071, Maharashtra, India |
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Date of Birth/Age : |
24.09.1948 |
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Qualification : |
B. Tech, M.S. |
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Experience : |
41 Years |
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Date of Appointment : |
02.05.2000 |
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PAN No.: |
AADPK5561F |
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Voter ID No.: |
MT/07/047/0264230 |
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DIN No.: |
00243269 |
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Other Directorship :
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Name : |
Harald Lothar Stini |
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Designation : |
Director |
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Address : |
Neue Plauensche Str 92, Plauen Ot Oderlosa, Germany |
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Date of Birth/Age : |
29.03.1958 |
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Date of Appointment : |
26.06.2006 |
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DIN No.: |
02864818 |
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Name : |
Christine Marieluise Kogler |
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Designation : |
Director |
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Address : |
Wernher-Von-Braun-Str. 23, Oberkotzau, Germany |
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Date of Birth/Age : |
06.01.1964 |
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Date of Appointment : |
30.09.2011 |
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DIN No.: |
03269542 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Mohan Mahadev Kavrie and Jaya
Mohan Kavrie |
14254 |
24.23 |
|
Jaya Mohan Kavrie |
2001 |
3.40 |
|
Leela Mahadev Kavrie |
2000 |
3.40 |
|
Supreme Nonwovens Private Limited, India |
3750 |
6.37 |
|
Eswegee Vilesstoff GmbH, Germany |
28824 |
49.00 |
|
Amit Mohan Kavrie |
5495 |
9.34 |
|
Smita Mohan Kavrie |
2500 |
4.25 |
|
|
|
|
|
Total |
58824 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
49.00 |
|
Bodies
corporate |
6.38 |
|
Directors
or relatives of directors |
33.57 |
|
Other
top fifty shareholders |
11.05 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Non-Woven Items such as Interlinings,
Disposable Fabrics and Fabrics for Industrial Applications. |
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Products/ Services : |
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GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
· The Sarasawat Co-Operative Bank Limited CST Branch; AK Naik Marg, Mumbai - 400001, Maharashtra, India ·
HDFC Bank Limited ·
Standard Chartered Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address : |
Kalpataru Heritage, 127 Mahatma Gandhi Road, Mumbai –
400001, Maharashtra, India |
|
Tel. No.: |
91-22-61587200 |
|
Fax No.: |
91-22-22673964 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK7554R |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
· Supreme Nonwovens Private Limited [U51900MH1981PTC025149] · Supreme Polyfibres Private Limited [U17110MH2003PTC140428] · Supreme-Treves Private Limited [U34200MH1996PTC103764] · Matru Fabrics Private Limited [U28302MH1985PTC038122] ·
Cera Technologies Private Limited
[U34101MH2006PTC159745] |
|
|
|
|
Enterprises
with substantial interest in the Company : |
Eswegee Vlisstoff GMBH
(holds 49.0 % [previous year - 49.0%] of the equity share capital of the
Company). |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60,000 |
Equity Shares |
Rs. 100/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
58,824 |
Equity Shares |
Rs. 100/- each |
Rs. 5.882
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 |
5.882 |
5.882 |
5.882 |
|
(b) Reserves & Surplus |
920.774 |
865.183 |
810.776 |
|
(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) |
926.656 |
871.065 |
816.658 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
176.442 |
243.020 |
276.548 |
|
(b) Deferred tax liabilities (Net) |
93.748 |
84.194 |
79.512 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
270.190 |
327.214 |
356.060 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
231.813 |
159.881 |
112.629 |
|
(b)
Trade payables |
139.372 |
106.092 |
73.806 |
|
(c)
Other current liabilities |
215.395 |
204.197 |
224.604 |
|
(d)
Short-term provisions |
12.355 |
6.728 |
29.755 |
|
Total
Current Liabilities (4) |
598.935 |
476.898 |
440.794 |
|
|
|
|
|
|
TOTAL |
1795.781 |
1675.177 |
1613.512 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
941.494 |
904.394 |
885.799 |
|
(ii)
Intangible Assets |
2.700 |
3.331 |
6.796 |
|
(iii)
Capital work-in-progress |
46.096 |
67.745 |
80.553 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.049 |
1.049 |
1.069 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
59.942 |
51.258 |
47.630 |
|
(e)
Other Non-current assets |
3.487 |
2.084 |
2.121 |
|
Total
Non-Current Assets |
1054.768 |
1029.861 |
1023.968 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
383.171 |
314.634 |
258.896 |
|
(c)
Trade receivables |
246.098 |
195.694 |
186.605 |
|
(d)
Cash and cash equivalents |
20.906 |
22.171 |
19.549 |
|
(e)
Short-term loans and advances |
83.237 |
112.817 |
124.494 |
|
(f)
Other current assets |
7.601 |
0.000 |
0.000 |
|
Total
Current Assets |
741.013 |
645.316 |
589.544 |
|
|
|
|
|
|
TOTAL |
1795.781 |
1675.177 |
1613.512 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2034.308 |
1711.759 |
1491.523 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
236.535 |
241.108 |
262.522 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
61.575 |
51.698 |
48.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
174.960 |
189.410 |
214.248 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
82.856 |
77.570 |
72.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
92.104 |
111.840 |
142.112 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
28.593 |
28.842 |
39.768 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
63.511 |
82.998 |
102.344 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
251.887 |
200.775 |
132.955 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
6.351 |
8.300 |
10.400 |
|
|
|
Proposed Dividend |
2.941 |
0.000 |
20.757 |
|
|
|
Interim Dividend |
0.000 |
20.294 |
0.000 |
|
|
|
Tax on Dividend |
0.477 |
3.292 |
3.367 |
|
|
BALANCE CARRIED
TO THE B/S |
305.629 |
251.887 |
200.775 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.887 |
1.248 |
0.827 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
25.793 |
42.384 |
41.399 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1079.68 |
1410.95 |
1739.83 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
4.53 |
6.53 |
9.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.27 |
6.96 |
9.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.13 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.44 |
0.46 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.35 |
1.34 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
5.882 |
5.882 |
5.882 |
|
Reserves & Surplus |
810.776 |
865.183 |
920.774 |
|
Net
worth |
816.658 |
871.065 |
926.656 |
|
|
|
|
|
|
long-term borrowings |
276.548 |
243.020 |
176.442 |
|
Short term borrowings |
112.629 |
159.881 |
231.813 |
|
Total
borrowings |
389.177 |
402.901 |
408.255 |
|
Debt/Equity ratio |
0.477 |
0.463 |
0.441 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1491.523 |
1711.759 |
2034.308 |
|
|
|
14.766 |
18.843 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1491.523 |
1711.759 |
2034.308 |
|
Profit |
102.344 |
82.998 |
63.511 |
|
|
6.86% |
4.85% |
3.12% |
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 |
No |
|
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 |
Yes |
|
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 |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10480453 |
18/02/2014 |
134,488,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B97543342 |
|
2 |
10490378 |
18/02/2014 |
460,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C03836228 |
|
3 |
10480693 |
20/09/2013 |
856,170,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B91138958 |
|
4 |
10380964 |
19/05/2014 * |
856,170,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C03834991 |
|
5 |
10381504 |
21/09/2012 |
409,678,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B60071362 |
|
6 |
10263197 |
06/01/2011 |
14,180,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE
BANK LIMITED (LEAD BA |
CHEMBUR 913 BRANCH, NATASHA PLAZA, D.K. SANDHU MARG, CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
B03661741 |
|
7 |
10269206 |
30/12/2010 |
4,590,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR BRANCH,
LAXMAN ZULLA, 1ST FLOOR, 50, RANADE ROAD, DADAR, MUMBAI, MAHARASHTRA -
400028, |
B06214233 |
|
8 |
10239742 |
13/08/2010 |
710,000.00 |
THE SARASWAT CO-OPERATIVE BANK LIMITED |
RASEC DADAR BRANCH,
LAXMAN ZULLA, 1ST FLOOR, 50, RANADE ROAD, DADAR, MUMBAI, MAHARASHTRA -
400028, |
A94155934 |
|
9 |
10223267 |
09/06/2010 |
41,200,000.00 |
THE SARASWAT CO-OP BANK LIMITED (LEAD BANKERS) |
CST BRANCH, CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
A86843695 |
|
10 |
10151437 |
16/03/2009 |
610,507.00 |
THE SARASWAT CO-OP BANK LIMITED |
RASEC DADAR BRANCH,
LAXMAN ZULLA, 1ST FLOOR, 50, RANADE ROAD, DADAR, MUMBAI, MAHARASHTRA -
400028, |
A59545764 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
10.000 |
0.000 |
|
|
|
|
|
Total |
10.000 |
0.000 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from Centre Point,
7th Floor, 18th Road, Chembur, Mumbai – 400071,
Maharashtra, India to the present address w.e.f.29.11.2010.
FIXED ASSETS:
· Land
· Buildings
· Residential building
· Office building
· Factory building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· Computer software
· Know-how
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. 60.14 |
|
|
1 |
Rs. 102.83 |
|
Euro |
1 |
Rs. 82.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.