MIRA INFORM REPORT
|
Report Date : |
09.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
ONEIRO CHEMICALS LIMITED (w.e.f. 31.03.2005) |
|
|
|
|
Formerly Known
As : |
ONEIRO CHEMICALS PRIVATE LIMITED (w.e.f.11.11.2004) ORIENT PHARMACHEM PRIVATE LIMITED |
|
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|
Registered
Office : |
1st Floor, ABS Tower Towersold Padra Road, Vadodara – 390007, Gujarat |
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|
Country : |
India |
|
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|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.10.2004 |
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|
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Com. Reg. No.: |
04-044960 |
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Capital
Investment / Paid-up Capital : |
Rs. 40.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230GJ2004PLC044960 |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer and Exporter of Chemicals which used in Bulk
Drugs and Other Intermediates. |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 320000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. Rating reflects moderate financial risk profile due to low
profitability. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some caution. |
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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 PARTED BY
|
Name : |
Mr. Chirag |
|
Designation : |
Account Manager |
|
Contact No.: |
91-9879564030 |
|
Date : |
09.06.2014 |
LOCATIONS
|
Registered Office : |
1st Floor, ABS Tower Old Padra Road, Vadodara – 390007, Gujarat, India
|
|
Tel. No.: |
91-91-2652341648 / 2338839 / 2334516 |
|
Mobile No.: |
91-9879564030 (Mr. Chirag) |
|
Fax No.: |
91-91-265-2336908 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
S. No. 475/P, At and Po. Ekalbara, Taluka Padra, District Vadodara – 391440, Gujarat,
India |
|
Tel. No.: |
91-2662-226039/ 395563 |
|
E-Mail : |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Dushyant Dahyabhai Patel |
|
Designation : |
Whole-lime Director |
|
Address : |
3/4, Akashvan Housing Complex, Gotri Sevasi Road Sevasi, Baroda-391101, Gujarat, India |
|
Date of Birth/Age : |
15.09.1954 |
|
Date of Appointment : |
27.10.2004 |
|
DIN No.: |
00009714 |
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|
|
|
Name : |
Mr. Niraj Mukeshbhai Patal |
|
Designation : |
Whole-lime Director |
|
Address : |
93, Urmi Society, Productivity Road, Baroda-390007, Gujarat, India |
|
Date of Birth/Age : |
29.10.1975 |
|
Date of Appointment : |
01.12.2004 |
|
DIN No.: |
00009775 |
|
|
|
|
Name : |
Mr. Nikhil Mukeshbhai Patel |
|
Designation : |
Whole-lime Director |
|
Address : |
93, Urmi Society, Productivity Road, Baroda-390 007, Gujarat, India |
|
Date of Birth/Age : |
04.11.1978 |
|
Date of Appointment : |
01.12.2004 |
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DIN No.: |
00009951 |
|
|
|
|
Name : |
Mr. Pranav Dushyantbhai Patel |
|
Designation : |
Whole-lime Director |
|
Address : |
3/4, Akashvan Housing Complex, Gotri Sevasi Road, Sevasi, Baroda-391101, Gujarat, India |
|
Date of Birth/Age : |
14.12.1979 |
|
Date of Appointment : |
01.12.2001 |
|
DIN No.: |
00009820 |
|
|
|
|
Name : |
Mr. Yashwantbhai Fakirbhai Patel |
|
Designation : |
Director |
|
Address : |
16-B, Green Land Society, Hari Nagar Vasna Road, Off. Gotri Road. Vadodara - 390021 |
|
Date of Birth/Age : |
01.06.1951 |
|
Date of Appointment : |
06.05.2006 |
|
DIN No.: |
00023528 |
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|
|
|
Name : |
Mr. Vishwas Raghunath Gole |
|
Designation : |
Director |
|
Address : |
7, Suvanapuri Society,, 4 Kamt Flats, Chikuwadi,, Vadodara, 390007, Gujarat, India |
|
Date of Birth/Age : |
12.01.1947 |
|
Date of Appointment : |
11.08.2010 |
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DIN No.: |
00333154 |
KEY EXECUTIVES
|
Name : |
Mr. Chirag |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders (Equity Share) |
|
No. of Shares |
|
Niraj Patal Patel Neha |
|
175000 |
|
Mukeshbhai Patal Patel minaxi |
|
100000 |
|
Dushyant Patel Minu Patel |
|
75000 |
|
Minaxi Patel Mukesh Patel |
|
100000 |
|
Neha Patel Niraj Patel |
|
50000 |
|
Nikhil Patel Grishma Patel |
|
225000 |
|
Minu Patel Dushyant Patel |
|
170000 |
|
Pranav Patel Shivani Patel |
|
250000 |
|
Rachana Patel Dushyant Patel |
|
155000 |
|
Grishma Patel Nikhil Patel |
|
50000 |
|
Rishabh Patel |
|
25000 |
|
Riya Patel |
|
25000 |
|
Shivani Patel |
|
100000 |
|
Transpek Finance Limited, India |
|
200000 |
|
Total |
|
1700000 |
|
Names of (Preference Shares) |
|
No. of Shares |
|
Nikhil Patel |
|
115000 |
|
Niraj Patal |
|
85000 |
|
Utpal Patel |
|
300000 |
|
Minesh Patel |
|
180000 |
|
Minesh Jashbhai Patel (HUF) |
|
120000 |
|
Krunal Patel |
|
60000 |
|
Sweta Patel |
|
140000 |
|
Induben Patel |
|
300000 |
|
Laxmikant Patel |
|
1000000 |
|
Total |
|
2300000 |
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 : |
Manufacturer and Exporter of Chemicals which used in Bulk
Drugs and Other Intermediates. |
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|
|
|
Exports : |
|
|
Products : |
Chemicals which used in Bulk Drugs and Other
Intermediates. |
|
Countries : |
Spain |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash / Advance Payment |
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Purchasing : |
Cash / Advance Payment |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
CC / TL Rs.100.000 Millions (From The Kalupur Commercial
Co-Operative Bank Limited) (Rs.
In Millions)
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|
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Banking
Relations : |
--- |
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Auditors : |
|
|
Name : |
Contract Nayak and Kishnadwala Chartered Accountants |
|
Address : |
C-201-202, Shree Siddhi Vinayak Complex, Opposite Railway Station, Faramji
Road, Vadodara – 390005, Gujarat, India |
|
Tel. No.: |
91-265-2343483 |
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Fax No.: |
91-265-2354353 |
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PAN No.: |
AACFC8587E |
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|
|
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Enterprises owned or significantly influenced by key management
personnel or their relatives : |
|
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1700000 |
Equity Shares |
Rs.10/- each |
Rs. 17.000 Millions |
|
2300000 |
Preference Share |
Rs.10/- each |
Rs. 23.000 Millions |
|
|
Total |
|
Rs.40.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1700000 |
Equity Shares |
Rs.10/- each |
Rs. 17.000 Millions |
|
2300000 |
Preference Share |
Rs.10/- each |
Rs. 23.000 Millions |
|
|
Total |
|
Rs.40.000
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 |
40.000 |
40.000 |
35.000 |
|
(b) Reserves & Surplus |
42.472 |
40.924 |
32.932 |
|
(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) |
82.472 |
80.924 |
67.932 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
86.488 |
54.007 |
54.881 |
|
(b) Deferred tax liabilities (Net) |
20.261 |
18.824 |
18.184 |
|
(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) |
106.749 |
72.831 |
73.065 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
66.137 |
104.816 |
109.076 |
|
(b) Trade
payables |
117.831 |
110.637 |
87.918 |
|
(c) Other current
liabilities |
24.661 |
33.528 |
38.227 |
|
(d) Short-term
provisions |
7.444 |
5.939 |
7.909 |
|
Total Current
Liabilities (4) |
216.073 |
254.920 |
243.130 |
|
|
|
|
|
|
TOTAL |
405.294 |
408.675 |
384.127 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
191.495 |
189.363 |
182.283 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
2.411 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.909 |
2.879 |
2.879 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
13.741 |
13.053 |
12.089 |
|
(e) Other Non-current
assets |
5.073 |
7.453 |
11.201 |
|
Total Non-Current
Assets |
213.218 |
212.748 |
210.863 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
101.273 |
82.069 |
70.409 |
|
(c) Trade
receivables |
44.961 |
74.978 |
67.549 |
|
(d) Cash
and cash equivalents |
10.359 |
10.331 |
8.187 |
|
(e)
Short-term loans and advances |
18.984 |
16.812 |
23.012 |
|
(f) Other
current assets |
16.499 |
11.737 |
4.107 |
|
Total
Current Assets |
192.076 |
195.927 |
173.264 |
|
|
|
|
|
|
TOTAL |
405.294 |
408.675 |
384.127 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
511.708 |
343.981 |
412.072 |
|
|
|
Other Income |
4.295 |
0.769 |
2.326 |
|
|
|
TOTAL (A) |
516.003 |
344.750 |
414.398 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
404.690 |
259.376 |
303.047 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(19.677) |
(24.245) |
(11.922) |
|
|
|
Employees benefits expense |
31.160 |
25.939 |
25.439 |
|
|
|
Other expenses |
59.008 |
50.879 |
57.295 |
|
|
|
TOTAL (B) |
475.181 |
311.949 |
373.859 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
40.822 |
32.801 |
40.539 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
22.399 |
20.138 |
17.883 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
18.423 |
12.663 |
22.656 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.641 |
11.558 |
9.981 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.782 |
1.105 |
12.675 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.542 |
0.668 |
4.064 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.240 |
0.437 |
8.611 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
22.424 |
24.433 |
19.154 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.500 |
0.000 |
1.000 |
|
|
|
Proposed dividend on preference share |
2.300 |
2.105 |
2.000 |
|
|
|
Tax on Dividend |
0.391 |
0.341 |
0.332 |
|
|
BALANCE CARRIED
TO THE B/S |
23.473 |
22.424 |
24.433 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
77.838 |
72.828 |
109.495 |
|
|
TOTAL EARNINGS |
77.838 |
72.828 |
109.495 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
121.827 |
76.042 |
119.738 |
|
|
TOTAL IMPORTS |
121.827 |
76.042 |
119.738 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.91 |
1.32 |
4.19 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
520.000 |
|
|
|
|
Due to market
Fluctuation |
Expected Sales (2014-15) : Rs.600.000 Millions
The above information has been parted by Mr. Chirag
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.82 |
0.13 |
2.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.13 |
0.32 |
3.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.44 |
0.27 |
3.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.01 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.85 |
1.96 |
2.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89 |
0.77 |
0.71 |
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 |
35.000 |
40.000 |
40.000 |
|
Reserves & Surplus |
32.932 |
40.924 |
42.472 |
|
Net
worth |
67.932 |
80.924 |
82.472 |
|
|
|
|
|
|
long-term borrowings |
54.881 |
54.007 |
86.488 |
|
Short term borrowings |
109.076 |
104.816 |
66.137 |
|
Total
borrowings |
163.957 |
158.823 |
152.625 |
|
Debt/Equity
ratio |
2.414 |
1.963 |
1.851 |
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 |
412.072 |
343.981 |
511.708 |
|
|
|
(16.524) |
48.761 |
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 |
412.072 |
343.981 |
511.708 |
|
Profit |
8.611 |
0.437 |
4.240 |
|
|
2.09% |
0.13% |
0.83% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current maturities of long-term debt |
12.652 |
19.749 |
31.825 |
|
|
|
|
|
|
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% |
Yes |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NATURE OF OPERATION
The company was incorporated on 27th October 2004 under the name "Orient Pharmachem Private Limited. The name of the company was changed to 'Oneiro Chemicals Private Limited on 11th November 2004. The company has been converted from private limited company to public limited company on 30th March, 2005, The company is in the business of manufacturing of chemicals used in bulk drugs and other intermediates.
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long term
borrowing |
|
|
|
Inter company deposits |
27.359 |
12.418 |
|
Other deposits |
36.835 |
25.228 |
|
Total |
64.194 |
37.646 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10401012 |
12/12/2012 |
10,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
OLD PADRA ROAD BRANCH, VADODARA, GUJARAT - 390007, |
B67246090 |
|
2 |
10267064 |
11/01/2011 |
40,000,000.00 |
KALUPUR COMMERCIAL CO-OPERATIVE BANK LTD |
415, CHOKHA BAZAR, KALUPUR, AHMEDABAD, GUJARAT- 380002, INDIA |
B05070743 |
|
3 |
10257588 |
07/12/2010 |
38,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
415, CHOKHA BAZAR, KALUPUR, AHMEDABAD, GUJARAT- 380002, INDIA |
B02348225 |
|
4 |
10251294 |
04/11/2010 |
3,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
415, CHOKHA BAZAR, KALUPUR, AHMEDABAD, GUJARAT- 380002, INDIA |
A99785933 |
|
5 |
10209968 |
26/03/2010 |
22,500,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
415, CHOKHA BAZAR, KALUPUR, AHMEDABAD, GUJARAT- 380002, INDIA |
A82380783 |
|
6 |
10186690 |
03/10/2009 |
27,500,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
415,CHOKHA BAZAR, KALUPUR, AHMEDABAD, GUJARAT- 380002, INDIA |
A73713505 |
|
7 |
10180285 |
26/08/2009 |
447,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, VARDHAMAN COMPLEX, BESIDES PIZZA HUT, RACE COURSE, VADODARA, GUJARAT - 390007, INDIA |
A71335558 |
|
8 |
10180288 |
26/08/2009 |
632,000.00 |
AXIS BANK LIMITED |
2ND FLOOR, VARDHAMAN COMPLEX, BESIDES PIZZA HUT, RACE COURSE, VADODARA, GUJARAT - 390007, INDIA |
A71337364 |
|
9 |
10150856 |
24/03/2009 |
10,000,000.00 |
THE KALUPUR COMMERCIAL CO- OPERATIVE BANK LIMITED |
OLD PADRA ROAD BRANCH, VADODARA, GUJARAT - 390007 |
A60003761 |
|
10 |
10135897 |
11/01/2013 * |
159,048,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
OLD PADRA ROAD BRANCH, VADODARA, GUJARAT - 390007, |
B69502193 |
|
11 |
10089794 |
20/02/2008 |
26,700,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
VADODARA BRANCH, OLD PADRA ROAD, VADODARA, GUJARAT - 390015, INDIA |
A33230913 |
|
12 |
10097154 |
06/02/2008 |
10,000,000.00 |
THE KALUPUR COMMERICAL CO-OPERATIVE BANK LIMITED |
VADODARA BRANCH, OLD PADRA ROAD, VADODARA, GUJARAT - 390015, INDIA |
A33231036 |
|
13 |
10095498 |
06/02/2008 |
20,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
VADODARA BRANCH, OLD PADRA ROAD, VADODARA, GUJARAT - 390015, INDIA |
A33230715 |
|
14 |
10033854 |
13/06/2007 * |
23,500,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
OLD PADRA ROAD, VADODARA, GUJARAT - 390015, INDIA |
A17989161 |
|
15 |
10002188 |
22/04/2006 |
5,000,000.00 |
THE KALPUR COMMERCIAL COOPERATIVE BANK LIMITED |
OLD PADRA ROAD, BARODA, GUJARAT - 390015, INDIA |
A00399253 |
|
16 |
80050747 |
06/06/2005 |
4,000,000.00 |
THE KALUPUR COMMORICAL CO-OPERATIVE BANK LIMITED |
OLD PADRA ROAD BRANCH, VADODARA, GUJARAT - 390015 |
- |
|
17 |
90105540 |
19/07/2005 * |
2,000,000.00 |
THE KALUPUR COMMERCIAL CO-OPERATIVE BANK LIMITED |
OLD PADRA ROAD BRANCH, VADODARA, GUJARAT, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Plant and
Machinery
- Furniture and
Fixture
- Land and
Buildings
- Office
Equipments
- Vehicle
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.19 |
|
|
1 |
Rs.99.51 |
|
Euro |
1 |
Rs.80.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.