1. Summary Information
|
|
|
Country |
|
|
Company Name |
MAX FLEX AND
IMAGING SYSTEMS LIMITED |
Principal Name 1 |
Mr. Hitesh Rajnikant Jobalia |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Nimesh Navinchandra Shah |
|
|
|
Registration # |
|
|
Street Address |
102, Prime
Plaza, JV Patel Compound, Balasaheb Madhurkar Marg, Elphiston (West), Mumbai
– 400013, Maharashtra, India |
||
|
Established Date |
25.10.2002 |
SIC Code |
-- |
|
Telephone# |
91-22-42122828 |
Business Style 1 |
Trading |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Printing Products |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.183,741,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate 39.00% Directors or
relatives of Directors 58.00% Other top fifty shareholders 3.00% |
Banking |
Bank of
Maharashtra |
|
Public Limited Corp. |
No |
Business Period |
12 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (47) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiary Company : |
|
Max Signage Industries Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,149,669,000 |
Current Liabilities |
1,075,229,000 |
|
Inventories |
1,743,820,000 |
Long-term Liabilities |
2,313,594,000 |
|
Fixed Assets |
733,454,000 |
Other Liabilities |
199,964,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
3,588,787,000 |
|
Invest& other Assets |
223,960,000 |
Retained Earnings |
2,078,375,000 |
|
|
|
Net Worth |
2,262,116,000 |
|
Total Assets |
5,850,903,000 |
Total Liab. & Equity |
5,850,903,000 |
|
Total Assets (Previous Year) |
4,532,764,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Sales |
6,784,794,000 |
Net Profit |
279,213,000 |
|
Sales(Previous yr) |
5,260,368,000 |
Net Profit(Prev.yr) |
272,373,000 |
MIRA
INFORM REPORT
|
Report Date : |
28.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAX FLEX AND
IMAGING SYSTEMS LIMITED (w.e.f. 16.09.2010) |
|
|
|
|
Formerly Known
As : |
MAX FLEX AND
IMAGING SYSTEMS PRIVATE LIMITED (w.e.f. 06.06.2008) SILVER DIGIGRAPH
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
102, Prime Plaza, JV Patel Compound, Balasaheb Madhurkar Marg,
Elphiston (West), Mumbai – 400013, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.10.2002 |
|
|
|
|
Com. Reg. No.: |
11-137690 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.183.741 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U92112MH2002PLC137690 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS5086Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the activity of trading of Printing Products and related consumables and has only domestic operations. |
|
|
|
|
No. of Employees
: |
Not Available |
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 9048000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Company has performed well. Financial position of the company is above
average. Tarde relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
January 29, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
January 29, 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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Rahul Desai |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-42122828 |
|
Date : |
28.06.2014 |
LOCATIONS
|
Registered Office : |
102, Prime Plaza, JV Patel Compound, Balasaheb Madhurkar Marg, Elphiston
(West), Mumbai – 400013, Maharashtra, India |
|
Tel. No. : |
91-22-42122828 |
|
Fax No. : |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches : |
Located At: ¨ Assam (Guwahati) ¨ Delhi ¨ Gujrat (Ahmedabad) ¨ Gujrat (Rajkot) ¨ Gujrat (Surat) ¨ Karnataka (Bangalore) ¨ Madhya Pradesh (Bhopal) ¨ Madhya Pradesh (Indore) ¨ Maharashtra, (Goregaon, Mumbai) ¨ Maharashtra, (Pune) ¨ Maharashtra, (Aurangabad) ¨ Maharashtra, (Jalgaon) ¨ Maharashtra, (Nasik) ¨ Maharashtra, (Nagpur) ¨ Maharashtra, (Thane) ¨ Punjab (Chandigarh) ¨ Punjab (Mohali) ¨ Tamilnadu (Chennai) ¨ West
Bengal (Kolkata) |
DIRECTORS
As on 16.09.2013
|
Name : |
Mr. Hitesh Rajnikant Jobalia |
|
Designation : |
Managing director |
|
Address : |
Flat No-A/101, Simla, House, Neapean Sea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1965 |
|
Date of Appointment : |
25.10.2002 |
|
PAN No.: |
ACFPJ0583Q |
|
DIN No. : |
01545443 |
|
|
|
|
Name : |
Mr. Nimesh Navinchandra Shah |
|
Designation : |
Whole-time director |
|
Address : |
105/1 Simla, House, 51/B, Neapean Sea Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
02.04.1964 |
|
Date of Appointment : |
25.10.2002 |
|
|
AAMPS4537L |
|
DIN No. : |
00153366 |
|
|
|
|
Name : |
Mr. Ramakant Madhav Nayak |
|
Designation : |
Director |
|
Address : |
A/11, Anand Dham, 9th Prabhat Colony, Near Hotel Yatri, Santacruz (East), Mumbai – 400055, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1945 |
|
Date of Appointment : |
20.09.2010 |
|
DIN No. : |
00129854 |
|
|
|
|
Name : |
Mr. Anup Banerji |
|
Designation : |
Director |
|
Address : |
C-9, Kinellan Tower, 100-A, Neapean Sea Road, Malabar Hill, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
26.04.1950 |
|
Date of Appointment : |
24.11.2010 |
|
DIN No. : |
01863598 |
|
|
|
|
Name : |
Mitil Rajnikant Chokshi |
|
Designation : |
Director |
|
Address : |
21, Sagar Darshan, Bhulabhai Desai Road, Mumbai – 400036, Maharashtra, India |
|
Date of Birth/Age : |
27.09.1970 |
|
Date of Appointment : |
20.09.2010 |
|
DIN No. : |
01209404 |
|
|
|
|
Name : |
Ms. Snehal Shah |
|
Designation : |
Director |
|
Address : |
D-803, Rakhee,Vasant Utsav, Thakur Village, Kandivali (East), Mumbai - 400101, Maharashtra, India |
|
Date of Birth/Age : |
18.12.1969 |
|
Date of Appointment : |
07.09.2011 |
|
DIN No. : |
00128595 |
|
|
|
|
Name : |
Mr. Rahul Bharat Manek |
|
Designation : |
Director |
|
Address : |
523, Shri Sai Sadan 12th Road, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Date of Birth/Age : |
07.04.1974 |
|
Date of Appointment : |
07.09.2011 |
|
DIN No. : |
01682562 |
|
|
|
|
Name : |
Mr. Pankaj Hasmukh Jobalia |
|
Designation : |
Additional Director |
|
Address : |
10 A/12-B, Shubhlaxmi, 8th Road, TPS III, Santacruz (East),
Mumbai – 400055, Maharashtra, India |
|
Date of Birth/Age : |
02.06.1963 |
|
Date of Appointment : |
08.08.2013 |
|
DIN No. : |
03637846 |
KEY EXECUTIVES
|
Name : |
Mr. Rahul Desai |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
As on 16.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
39.00 |
|
Directors or relatives of Directors |
58.00 |
|
Other top fifty shareholders |
3.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the activity of trading of Printing Products and related consumables and has only domestic operations. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
¨ Bank of
Maharashtra, Senior Citizens Branch, Maker Tower, Cuffe Parade, Mumbai – 400005,
Maharashtra, India ¨ Axis Bank Limited, Corporate Banking Branch, Ground Floor, Axis House, Wadia International Centre, P.B. Marg, Worli, Mumbai - 400025, Maharashtra, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institution : |
SBICAP Trustee Company Limited, 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name 1 : |
B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N. M. Joshi Marg, Mahalakshmi, Maharashtra, India |
|
PAN
No. : |
AAIFB7357B |
|
|
|
|
Name 2 : |
D. Kothary and Company Chartered Accountants |
|
Address : |
75/76, C Wing, 7th Floor, Mittal Court, Nariman Point, Mumbai – 400021, Maharashtra, India |
|
PAN
No. : |
AAAFD2013L |
|
|
|
|
Subsidiary Company
: |
¨ Max Signage Industries Private Limited ¨ Max Apollo Flex Digital Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18374051 |
Equity Shares |
Rs.10/- each |
Rs.183.741 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 |
183.741 |
183.740 |
125.268 |
|
(b) Reserves & Surplus |
2078.375 |
1799.162 |
623.390 |
|
(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) |
2262.116 |
1982.902 |
748.658 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.615 |
12.355 |
7.983 |
|
(b) Deferred tax liabilities (Net) |
49.859 |
36.948 |
20.074 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.609 |
5.195 |
5.607 |
|
Total Non-current Liabilities (3) |
67.083 |
54.498 |
33.664 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2301.979 |
1666.755 |
1225.620 |
|
(b) Trade payables |
927.778 |
609.990 |
652.685 |
|
(c) Other current
liabilities |
147.451 |
88.090 |
82.949 |
|
(d) Short-term provisions |
144.496 |
130.529 |
148.028 |
|
Total Current Liabilities (4) |
3521.704 |
2495.364 |
2109.282 |
|
|
|
|
|
|
TOTAL |
5850.903 |
4532.764 |
2891.604 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
670.992 |
512.410 |
302.589 |
|
(ii) Intangible Assets |
62.462 |
75.193 |
28.175 |
|
(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 |
223.960 |
101.770 |
11.670 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
81.873 |
122.916 |
124.633 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1039.287 |
812.289 |
467.067 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1743.820 |
1278.187 |
712.459 |
|
(c) Trade receivables |
2706.995 |
2104.278 |
1332.434 |
|
(d) Cash and cash
equivalents |
261.610 |
211.881 |
168.673 |
|
(e) Short-term loans and
advances |
71.098 |
79.619 |
164.065 |
|
(f) Other current assets |
28.093 |
46.510 |
46.906 |
|
Total Current Assets |
4811.616 |
3720.475 |
2424.537 |
|
|
|
|
|
|
TOTAL |
5850.903 |
4532.764 |
2891.604 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6784.794 |
5260.368 |
4007.810 |
|
|
|
Other Income |
17.997 |
19.160 |
8.173 |
|
|
|
TOTAL |
6802.791 |
5279.528 |
4015.983 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
6154.634 |
4758.433 |
3358.172 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(481.346) |
(550.015) |
(199.069) |
|
|
|
Employees benefits expense |
115.091 |
107.617 |
84.863 |
|
|
|
Other expenses |
187.825 |
240.546 |
140.262 |
|
|
|
TOTAL |
5976.204 |
4556.581 |
3384.228 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
826.587 |
722.947 |
631.755 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
347.383 |
275.886 |
175.625 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
479.204 |
447.061 |
456.130 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
54.380 |
38.757 |
23.720 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
424.824 |
408.304 |
432.410 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
145.611 |
135.931 |
152.947 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
279.213 |
272.373 |
279.463 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Import of Stock in Trade (CIF Value) |
469.694 |
689.035 |
696.136 |
|
|
|
Travelling Expenditure |
1.076 |
1.547 |
0.994 |
|
|
TOTAL IMPORTS |
470.770 |
690.582 |
697.130 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
15.20 |
17.20 |
22.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.10 |
5.16 |
6.96 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.26 |
7.76 |
10.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.55 |
9.21 |
15.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.21 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.02 |
0.85 |
1.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.37 |
1.49 |
1.15 |
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 |
125.268 |
183.740 |
183.741 |
|
Reserves & Surplus |
623.390 |
1799.162 |
2078.375 |
|
Net
worth |
748.658 |
1982.902 |
2262.116 |
|
|
|
|
|
|
long-term borrowings |
7.983 |
12.355 |
11.615 |
|
Short term borrowings |
1225.620 |
1666.755 |
2301.979 |
|
Total
borrowings |
1233.603 |
1679.110 |
2313.594 |
|
Debt/Equity
ratio |
1.648 |
0.847 |
1.023 |
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 |
4007.810 |
5260.368 |
6784.794 |
|
|
|
31.253 |
28.979 |
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 |
4007.810 |
5260.368 |
6784.794 |
|
Profit |
279.463 |
272.373 |
279.213 |
|
|
6.97% |
5.18% |
4.12% |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
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 |
10419856 |
21/03/2014 * |
4,000,000,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, Maharashtra -
400005, INDIA |
C00439281 |
|
2 |
10395866 |
19/12/2012 |
500,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch, Ground Floor, Axis House, |
B65470783 |
|
3 |
10294148 |
19/07/2012 * |
710,000,000.00 |
Axis Bank Limited |
CORPORATE BANKING BRANCH, STATESMAN HOUSE, 2ND FLOOR, BARAKHAMBA ROAD,
NEW DELHI, Delhi - 110001, INDIA |
B44317154 |
* Date of charge modification
FIXED ASSETS
œ Land
œ Buildings
œ Plant and Equipment
œ Furniture and Fixtures
œ Vehicles
œ Office Equipment
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.102.22 |
|
Euro |
1 |
Rs.81.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.