MIRA
INFORM REPORT
|
Report Date : |
22.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHREEJI TRANSPORT SERVICES PRIVATE LIMITED |
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Registered
Office : |
Shreeji Krupa, Plot No. 107, Sector No 19 C, Vashi, Navi
Mumbai-400705, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
21.04.1994 |
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Com. Reg. No.: |
11-077890 |
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Capital
Investment / Paid-up Capital : |
Rs.9.401 Millions |
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|
CIN No.: [Company Identification
No.] |
U63010MH1994PTC077890 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS34906E MUMS21405G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Exporter and Importer of Containers. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 500000 |
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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. General financial position of the company seems to be decent.
Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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.
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. Rajanikant |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-40746600 |
|
Date : |
18.07.2014 |
LOCATIONS
|
Registered Office/ Head Office : |
Shreeji Krupa, Plot No. 107, Sector No 19 C, Vashi, Navi Mumbai -
400705, Maharashtra, India |
|
Tel. No.: |
91-22-40746600/01 |
|
Fax No.: |
91-22-27656924 |
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E-Mail : |
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|
Website : |
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|
Regional Offices 1 : |
A-49, First Floor, M.T.B Road, Journalist Colony, Bangalore – 560 002,
Karnataka, India |
|
Tel. No.: |
91-80-4081 2222 / 34 |
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Fax No.: |
91-80-2670 0603 |
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E-Mail : |
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|
Regional Offices 2 : |
Plot No.38, 39 and 40, Kaveri Nagar,
Velappanchavadi, Chennai-600077, Tamilnadu, India |
|
Tel. No.: |
91-44-26800092 / 93 / 94 |
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Fax No.: |
91-44-26800097 |
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E-Mail : |
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Warehouses : |
Located at Bangalore 13/19 K S V Nilaya, 3rd Main
Road, Kalasipalayam New Extension, Bangalore - 560 002, Karnataka, India Building No. A9,
Dr Devaraj Uras Truck Terminal, Yeswanthpur 2nd Stage, Opp. To Kantieerva
Studio, Bangalore
– 560 022. Shreeji Square, Plot No.38, 39 & 40,
Cauvery Nagar, Madiravedu, Vellapanchavadi, Chennai - 600 077. Mumbai - Vashi Shreeji House,
Sector 19c, Plot No.107, Vashi, Navi Mumbai – 400 705. Shed No.8, Godown No.12, Arihant Compound
Purna Village, Dist. Thane, Bhiwandi - 421 302. Mumbai - Kalamboli Plot No. 1681,
1682, 1710 & 1711, Kalamboli Steel Market, Mumbai, Maharashtra, India |
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Branches : |
Located at: Mumbai, Ahmedabad, Baroda, Kolhapur, Pune Vapi, Bangalore, Chennai,
Cochin, Coimbatore, Hosur, Hubli, Hyderabad, Madurai, Mysore, Puducherry,
Tuticorin, Delhi, Lucknow, Kanpur, Varanasi, Haridwar, Rudrapur |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Narendra Chhabildas Shah |
|
Designation : |
Whole-time director |
|
Address : |
107, 1st Floor, Krushal Towers, D Wing, G.M. Road,
Chembur, Mumbai-400089, Maharashtra, India |
|
Date of Appointment : |
21.04.1994 |
|
DIN No.: |
00268812 |
|
Name : |
Mr. Mahendra Chhabildas Shah |
|
Designation : |
Director |
|
Address : |
2/12, Saini
Bhavan, G.M. Road, S.No.230, Chembur, Chembur, Mumbai-400089, Maharashtra,
India |
|
Date of Appointment : |
04.08.1994 |
|
DIN No.: |
00268971 |
|
Name : |
Mr. Bipin Chhabildas Shah |
|
Designation : |
Whole-time director |
|
Address : |
46/D, BBC Springfield
Aprartment., 58 Evk Sampath Rao, Vepery, Chennai – 600007, Tamilnadu, India |
|
Date of Appointment : |
04/08/1994 |
|
DIN No.: |
00280559 |
|
Name : |
Mr. Mukesh Manubhai Shah |
|
Designation : |
Whole-time director |
|
Address : |
N-5,24th Main Road, Aurbindo Marg, J.P. Nagar, 1st Phase, Bangalore- 5600078, Karnataka |
|
Date of Appointment : |
04.08.1994 |
|
DIN No.: |
00280536 |
|
Name : |
Mr. Rupesh Manubhai Shah |
|
Designation : |
Whole-time director |
|
Address : |
1906, Gurukrupa, 5th Cross, 20th Main Road, J.P.
Nagar, 2nd Phase, Bangalore- 560078,
Karnataka, India |
|
Date of Appointment : |
04.08.1994 |
|
DIN No.: |
00280547 |
|
Name : |
Mr. Rajnikant Chhabildas Shah |
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Designation : |
Whole-time director |
|
Address : |
2B/22, Jyothi, 191,
10th Road, Behind Odeon Cinema, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
|
Date of Appointment : |
04.08.1994 |
|
DIN No.: |
00269109 |
KEY EXECUTIVES
|
Name : |
Mr. Rajanikant |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Shah Chhabildas Narendra |
|
8478 |
|
Shah Chhabildas Mahendra |
|
8628 |
|
Shah Chhabildas Bipin |
|
8932 |
|
Shah Manubhai Mukesh |
|
7296 |
|
Shah Manubhai Rupesh |
|
8795 |
|
Shah Chhabildas Rajnikant |
|
8794 |
|
Shah Shailesh Indira |
|
1793 |
|
Shah Ratilal |
|
1 |
|
Shah Bhavana |
|
5024 |
|
Shah Champaben |
|
1 |
|
Shah Chandrika |
|
5674 |
|
Shah Dharmista |
|
4968 |
|
Shah Neeta |
|
6597 |
|
Hemant Kamdar |
|
1 |
|
Mahendra C. Shah (HUF) |
|
1615 |
|
Mukesh M. Shah (HUF) |
|
1096 |
|
Narendra C. Shah (HUF) |
|
1620 |
|
Rajnicant C. Shah (HUF) |
|
1001 |
|
Shailesh M. Shah (HUF) |
|
1 |
|
Malti Shah |
|
3550 |
|
Rashmi Shah |
|
6550 |
|
Shailesh Shah |
|
1050 |
|
Mitesh Bipin Shah |
|
2539 |
|
Jayantilal Shah K HUF |
|
1 |
|
|
|
|
|
Total |
|
94005 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter and Importer of Containers. |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers, End Users, OEM’s |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parelw, Mumbai-400013, Maharashtra, India ·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227 D, Nariman Point, Mumbai - 400021, Maharashtra, India ·
Axis Bank Limited, Trishul 3rd Floor,
Opposite Samartheshwar Temple, Law
Garden Ellisbridge, Ahmedabad - 380006, Gujarat, India ·
Yes Bank Limited, 9th Floor, Nehru
Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018,
Maharashtra, India |
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Facilities : |
LONG TERM
BORROWINGS Finance lease obligations
are secured against leased assets. SHORT TERM
BORROWINGS Working Capital Loans
referred to herein above are secured by hypothecation of present and future
Stock and Book Debts together with second charge on immovable properties of
the Company located at Mumbal and Personal Guarantee of Directors of the
Company. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Sanjay C. Shah And Associates Chartered Accountants |
|
Address : |
B-3, Om Joshi Apartment, Lallubhai Park Road, Andheri (W),
Mumbai – 400058, Maharashtra, India |
|
Tel no.: |
91-22-26248873/26281101 |
|
Fax No.: |
91-22-26248873 |
|
Email: |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
125,000 |
Equity Shares |
Rs.100/- each |
Rs. 12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
94,005 |
Equity Shares |
Rs.100/-
each |
Rs. 9.401 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 |
9.401 |
9.401 |
9.401 |
|
(b) Reserves & Surplus |
111.597 |
101.095 |
86.073 |
|
(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) |
120.998 |
110.496 |
95.474 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
80.017 |
127.569 |
98.261 |
|
(b) Deferred tax liabilities
(Net) |
(1.173) |
2.749 |
3.154 |
|
(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) |
78.844 |
130.318 |
101.415 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
130.881 |
116.218 |
82.992 |
|
(b) Trade payables |
23.144 |
18.814 |
24.908 |
|
(c) Other current liabilities |
67.316 |
71.331 |
53.890 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
221.341 |
206.363 |
161.790 |
|
|
|
|
|
|
TOTAL |
421.183 |
447.177 |
358.679 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
138.540 |
180.393 |
156.669 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.900 |
8.022 |
0.543 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
25.178 |
25.404 |
20.840 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
171.618 |
213.819 |
178.052 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2.454 |
2.094 |
2.101 |
|
(c) Trade receivables |
176.978 |
154.101 |
141.073 |
|
(d) Cash and cash equivalents |
42.293 |
44.002 |
16.933 |
|
(e) Short-term loans and
advances |
22.353 |
27.571 |
13.711 |
|
(f) Other current assets |
5.487 |
5.590 |
6.809 |
|
Total
Current Assets |
249.565 |
233.358 |
180.627 |
|
|
|
|
|
|
TOTAL |
421.183 |
447.177 |
358.679 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
665.646 |
607.976 |
560.830 |
|
|
Other Income |
13.105 |
12.845 |
13.400 |
|
|
TOTAL
|
678.751 |
620.821 |
574.230 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
605.412 |
538.129 |
497.719 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
73.339 |
82.692 |
76.511 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
61.036 |
60.465 |
49.543 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
12.303 |
22.227 |
26.968 |
|
|
|
|
|
|
|
Less |
TAX |
1.801 |
7.206 |
9.508 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
10.502 |
15.021 |
17.460 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
101.095 |
86.074 |
68.614 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
111.597 |
101.095 |
86.074 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
111.72 |
159.79 |
185.73 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.55 |
2.42 |
3.04 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.85 |
3.66 |
4.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.98 |
5.06 |
7.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.20 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.74 |
2.21 |
1.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.13 |
1.12 |
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 |
9.401 |
9.401 |
9.401 |
|
Reserves & Surplus |
86.073 |
101.095 |
111.597 |
|
Net
worth |
95.474 |
110.496 |
120.998 |
|
|
|
|
|
|
long-term borrowings |
98.261 |
127.569 |
80.017 |
|
Short term borrowings |
82.992 |
116.218 |
130.881 |
|
Total
borrowings |
181.253 |
243.787 |
210.898 |
|
Debt/Equity
ratio |
1.898 |
2.206 |
1.743 |
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) |
|
Revenue from operations |
560.830 |
607.976 |
665.646 |
|
|
|
8.406 |
9.486 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
560.830 |
607.976 |
665.646 |
|
Profit/(Loss) After Tax |
17.460 |
15.021 |
10.502 |
|
|
3.11% |
2.47% |
1.58% |
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 |
No |
|
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 |
No |
|
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
|
PARTICULARS |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
LONG TERM
BORROWINGS |
|
|
|
Term Loans from Banks |
0.000 |
2.901 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans from related parties |
7.944 |
8.291 |
|
Loans from others |
0.000 |
2.334 |
|
TOTAL |
7.944 |
13.526 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Performance Bank Guarantees Issued to
customs department and customers |
4.590 |
2.000 |
|
Income Tax Demand |
1.426 |
1.426 |
|
|
|
|
|
Total
|
6.016 |
3.426 |
FORM 8:
|
This form is for |
Creation of charge |
|
Corporate identity number of the company |
U63010MH1994PTC077890 |
|
Name of the company |
SHREEJI TRANSPORT SERVICES PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Shreeji Krupa, Plot No. 107 , Sector No.
19 C , Vashi, Navi Mumbai-400705, Maharashtra, India |
|
Type of charge |
Movable Property |
|
Particular of charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower ParelW,
Mumbai-400013, Maharashtra, India |
|
Nature of description of the instrument
creating or modifying the charge |
Letter of Hypothecation. |
|
Date of instrument Creating the charge |
08/10/2013 |
|
Amount secured by the charge |
Rs. 32.500 Millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest Interest at the rate as may be
communicated by the Bank from time to time. Terms of Repayment On demand. Margin As may be stipulated by the Bank from time
to time. Extent and Operation of the charge Hypothecation by way of First Charge on
Vehicles to secure as a continuing security as mentioned in Column No.15
below for the repayment of Rs. 32.500
Millions together with interest, costs, charges, expenses and other moneys
due and payable by the Company to the Bank. Others NIL |
|
Short particulars of the property charged |
Hypothecation of Vehicles Namely |
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.60.19 |
|
|
1 |
Rs.102.87 |
|
Euro |
1 |
Rs.81.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
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 |
|
47 |
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.