MIRA
INFORM REPORT
|
Report Date : |
19.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIMALACHAL PRINT AND PACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5, Saket Industrial Estate, 437, Morajya, Near Changodar, Bawla
National Highway, Taluka Sanad, Ahmedabad – 382213, Gujarat |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.11.1993 |
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|
|
|
Com. Reg. No.: |
04-020669 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.19.995 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74950GJ1993PTC020669 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMV00249E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV7000Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacture, Exporter and Suppliers of Flexible Packaging Materials. |
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|
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|
No. of Employees
: |
Information denied by the management |
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 |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Matter converted to A0/127/2012 |
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|
Comments : |
Subject is a well-established and a reputed company having fine track
record. The company has seen a better increase in its sales turnover during
2013. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitment. The company can be considered normal for business dealings at usual
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.
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.
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Naresh |
|
Designation : |
Key Executive |
|
Contact No.: |
91-9374079789 |
|
Date : |
18.07.2014 |
LOCATIONS
|
Registered Office / Factory 1 : |
5, Saket Industrial Estate, 437, Morajya, Near Changodar, Bawla National
Highway, Taluka Sanad, Ahmedabad - 382213, Gujarat, India |
|
Tel. No.: |
91-2717-250296 / 250686 |
|
Fax No.: |
91-2717-250722/ 2659789 |
|
E-Mail : |
|
|
Website: |
|
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Dholka Factory 206, G.I.D.C Industrial Area, Dholka Baroda State Highway, P.B.
Dholka, Ahmedbad - 387810, Gujarat, India |
|
Tel. No.: |
91-2714-248214/ 248313 |
|
|
|
|
Branch Office 1 : |
1st Floor, Upnishad Complex, Near Shreyas Railway Station,
Ambawasdi, Ahmedabad - 380015, |
|
Tel. No.: |
91-79-26562643/ 26420165 |
|
Fax No.: |
91-79-26407568 |
|
|
|
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Branch Office 2 : |
A-122, Akruti Industrial Estate, |
|
E-Mail : |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Girishbhai Vadilal Shah |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
139, V R Shah Smruti Sixan Mandir, B/H Yogeshwar Nagar Society, Near Dhamidhar Deraser, Vasna, Ahmedabad – 380007, Gujarat, India |
|
Date of Birth/Age : |
27.05.1943 |
|
Date of Appointment : |
16.11.1993 |
|
PAN No.: |
ABJPS3102P |
|
DIN No.: |
00543717 |
|
|
|
|
Name : |
Mr. Harmishbhai Shah Girishkumar |
|
Designation : |
Managing Director |
|
Address : |
139, Shri V R Shah Smruti Sixan Mandir, Yogeshwarnagar Society, Near Dharnidhar, Dearsar, Vasna, Ahmedabad - 380007, Gujarat, India |
|
Date of Birth/Age : |
21.04.1972 |
|
Date of Appointment : |
16.11.1993 |
|
PAN No.: |
ABJPS3098N |
|
DIN No.: |
01396410 |
|
|
|
|
Name : |
Mrs. Hansaben Girishbhai Shah |
|
Designation : |
Director |
|
Address : |
139, Shri V R Shah Smruti Sixan Mandir, Yogeshwarnagar Society, Near Dharnidhar, Dearsar, Vasna, Ahmedabad - 380007, Gujarat, India |
|
Date of Birth/Age : |
19.12.1945 |
|
Date of Appointment : |
16.11.1993 |
|
PAN No.: |
AAJPD7188N |
|
DIN No.: |
00753038 |
|
|
|
|
Name : |
Mrs. Kinnariben Aasit Shah |
|
Designation : |
Director |
|
Address : |
I-4, Jan Vishram Society, Nr. Canara Bank, Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
24.12.1969 |
|
Date of Appointment : |
16.11.1993 |
|
PAN No.: |
ACLPS2585F |
|
DIN No.: |
00543678 |
|
|
|
|
Name : |
Mrs. Nipa Harmishbhai Shah |
|
Designation : |
Director |
|
Address : |
139, Yogeshwarnagar Society, Vasna, Ahmedabad - 380007, Gujarat, India |
|
Date of Birth/Age : |
29.01.1973 |
|
Date of Appointment : |
01.08.2007 |
|
PAN No.: |
ACKPS0022L |
|
DIN No.: |
01610733 |
|
|
|
|
Name : |
Mr. Mimishbhai Girishkumar Shah |
|
Designation : |
Whole Time Director |
|
Address : |
139, V R Shah Smruti ADA. EDU, B/H Yogeshwar Nagar Society, Near Dharindhar Deraser, Vasna, Ahmedabad – 380007, Gujarat, India |
|
Date of Birth/Age : |
09.02.1974 |
|
Date of Appointment : |
01.05.2008 |
|
PAN No.: |
ACLPS2561F |
|
DIN No.: |
02144054 |
KEY EXECUTIVES
|
Name : |
Mr. Naresh |
|
Designation : |
Key Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Girishbhai Vadilal Shah |
159500 |
|
Rashmibhai Vadilal Shah |
19000 |
|
Harmishbhai Girishbhai Shah |
1044800 |
|
Kinnariben Aasitbhai Shah |
500 |
|
Girishbhai Vadilal Shah (HUF) |
155000 |
|
Hansaben Girishbhai Shah |
155000 |
|
Harmishbhai Girishbhai Shah (HUF) |
155000 |
|
Bina Mimish Shah |
155000 |
|
Nipa Harmesh Shah |
155000 |
|
Mimish Girishbhai Shah |
100 |
|
Mimish Girishbhai Shah (HUF) |
100 |
|
Heet Mimishbhai Shah |
100 |
|
Heer Mimishbhai Shah |
100 |
|
Krisha Harmishbhai Shah |
100 |
|
Juhi harmishbhai Shah |
100 |
|
Tanishq Aasitbhai Shah |
100 |
|
|
|
|
Total |
1999500 |
As on 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Exporter and Suppliers of Flexible Packaging Materials. |
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||||
|
Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
OWN |
JOB |
|
Printing and Lamination on Paper and Film |
MT |
NA |
16500 |
7783.182 |
258.938 |
|
Laminated Pouch |
PCS |
NA |
1800 lac |
56462470 |
NIL |
|
Printing Ink |
MT |
NA |
1200 |
993.591 |
NIL |
|
Poly LD Film |
MT |
NA |
7500 |
1450.747 |
NIL |
|
Scrap / Waste |
MT |
NA |
- |
651.282 |
- |
NOTE:
1. Installed capacity is assessed by the management and being a technical
matter accepted by the Auditors as correct. Licensed capacity is not
applicable.
2. Production of printing Ink includes 1000.312 MT (603.852 MT)
for captive consumption.
3. Production of Laminated Paper includes 854.247 MT (2472.246 MT) for captive consumption.
4. Production of Poly. LD Film includes 1348.409 MT (934.065 MT) for captive consumption.
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
·
Axis Bank,
Law ·
The Kalupur Commercial Co-operative Bank Limited, Kalupur Bank
Bhavan, Near Income Tax Circle, Asharam Road, Ahmedabad – 380014, Gujarat,
India. |
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Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Shah Kantilal and Company Chartered Accountant |
|
Address : |
806, Mauryansh Elanza, Near Parekh’s Hospital, Shyamal Cross Road,
Satellite, Ahmedabad - 380015, Gujarat, India
|
|
Tel. No. : |
91-79-26753499/ 26750806/ 66633499 |
|
Fax No. : |
91-79-26751806 |
|
E-Mail : |
|
|
PAN
No. : |
AAMFS3865K |
|
|
|
|
Associate : |
Shubhalachal Paper Mfg. and Traders, India |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1999500 |
Equity Shares |
Rs.10/- each |
Rs.19.995 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 |
19.995 |
19.995 |
19.995 |
|
(b) Reserves & Surplus |
485.047 |
403.155 |
339.105 |
|
(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) |
505.042 |
423.150 |
359.100 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
61.677 |
23.227 |
|
(b) Deferred tax liabilities (Net) |
13.890 |
12.963 |
12.992 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
3.144 |
2.897 |
2.219 |
|
Total Non-current Liabilities (3) |
17.034 |
77.537 |
38.438 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
71.664 |
33.128 |
58.441 |
|
(b) Trade payables |
100.389 |
65.935 |
40.359 |
|
(c) Other current
liabilities |
33.788 |
2.375 |
26.046 |
|
(d) Short-term provisions |
24.519 |
40.861 |
42.184 |
|
Total Current Liabilities (4) |
230.360 |
142.299 |
167.030 |
|
|
|
|
|
|
TOTAL |
752.436 |
642.986 |
564.568 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
196.302 |
178.852 |
189.883 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
22.303 |
34.416 |
4.484 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.886 |
2.886 |
2.536 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.074 |
3.248 |
2.881 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
225.565 |
219.402 |
199.784 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
205.000 |
134.981 |
120.912 |
|
(c) Trade receivables |
226.153 |
216.980 |
167.709 |
|
(d) Cash and cash equivalents |
36.062 |
13.087 |
23.108 |
|
(e) Short-term loans and
advances |
59.656 |
58.536 |
53.055 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
526.871 |
423.584 |
364.784 |
|
|
|
|
|
|
TOTAL |
752.436 |
642.986 |
564.568 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1318.821 |
1076.037 |
870.505 |
|
|
|
Other Income |
NA |
NA |
11.083 |
|
|
|
TOTAL |
NA |
NA |
881.588 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Materials Consumed |
|
|
629.241 |
|
|
|
Employee Cost |
|
|
27.382 |
|
|
|
Manufacturing Expenses |
|
|
82.347 |
|
|
|
Administrative and Selling Expenses |
|
|
21.377 |
|
|
|
Increase / (Decrease) in Stock |
|
|
-7.441 |
|
|
|
TOTAL |
NA |
NA |
752.906 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
128.682 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
4.954 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
148.210 |
116.195 |
123.728 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
24.701 |
22.102 |
18.366 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
123.509 |
94.093 |
105.362 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
41.617 |
30.043 |
35.119 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
81.892 |
64.050 |
70.243 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
385.328 |
321.278 |
251.035 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
467.220 |
385.328 |
321.278 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
40.96 |
32.03 |
35.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA |
NA |
7.97 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.37 |
8.74 |
12.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.98 |
15.53 |
18.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.22 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.14 |
0.22 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.29 |
2.98 |
2.18 |
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 |
19.995 |
19.995 |
19.995 |
|
Reserves & Surplus |
339.105 |
403.155 |
485.047 |
|
Net
worth |
359.100 |
423.150 |
505.042 |
|
|
|
|
|
|
long-term borrowings |
23.227 |
61.677 |
0.000 |
|
Short term borrowings |
58.441 |
33.128 |
71.664 |
|
Total
borrowings |
81.668 |
94.805 |
71.664 |
|
Debt/Equity
ratio |
0.227 |
0.224 |
0.142 |
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 |
870.505 |
1076.037 |
1318.821 |
|
|
|
23.611 |
22.563 |
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 |
870.505 |
1076.037 |
1318.821 |
|
Profit |
70.243 |
64.050 |
81.892 |
|
|
8.07% |
5.95% |
6.21% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
Current Maturities of Long Term Debts |
30.704 |
0.000 |
26.046 |
|
|
|
|
|
|
Total |
30.704 |
0.000 |
26.046 |
|
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 |
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 |
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 |
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 |
|
|
|
Rupee term loans from others |
0.000 |
31.500 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Term loans from others |
8.356 |
5.208 |
|
|
|
|
|
Total |
8.356 |
36.708 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10223837 |
13/04/2012 * |
60,000,000.00 |
THE KALUPUR COMMERCIAL COOPERATIVE BANK LTD |
KALUPUR BANK BHAVAN, NEAR INCONE TAX CIRCLE, ASHRAM ROAD, AHMEDABAD,
Gujarat - 380014, INDIA |
B38942637 |
|
2 |
10223102 |
13/04/2012 * |
160,000,000.00 |
THE KALUPUR COMMERCIAL COOPERATIVE BANK LTD |
KALUPUR BANK BHAVAN, NEAR INCONE TAX CIRCLE, ASHRAM ROAD, AHMEDABAD,
Gujarat - 380014, INDIA |
B38498333 |
|
3 |
90101816 |
16/02/1998 |
1,000,000.00 |
THE KALUPUR COMM. CO. OP. BANK |
KALBA DEVI BRANCH, MUMBAI, Maharashtra, INDIA |
- |
* Date of charge modification
FIXED ASSETS
œ Land
œ Buildings
œ Plant and Equipment
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
œ Computer Equipments
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.60.33 |
|
|
1 |
Rs.103.18 |
|
Euro |
1 |
Rs.81.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
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.