MIRA INFORM REPORT
|
Report Date : |
26.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME-TREVES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 110, 5th Floor, 16th Road, Chembur, Mumbai
– 400071, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.11.1996 |
|
|
|
|
Com. Reg. No.: |
11-103764 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 222.322 Millions
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U34200MH1996PTC103764 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS34841C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS4085Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Automobile Insulation Components. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having satisfactory track
record. Overall financial position of the company seems to be good. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be regular and as per commitment. In view of strong holdings, the company can be considered for normal
business dealings at usual trade terms and condition. |
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : BBB+ |
|
Rating Explanation |
Moderate degree of safety and carry moderate
credit risk. |
|
Date |
May 30, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A2+ |
|
Rating Explanation |
Strong degree of safety and carry low credit
risk. |
|
Date |
May 30, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Vikram Jain |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-25208822 |
|
Date : |
25.06.2014 |
LOCATIONS
|
Registered Office : |
Plot No. 110, 5th Floor, 16th Road, Chembur,
Mumbai – 400071, Maharashtra, India |
|
Tel. No.: |
91-22-25208822/ 25200055/ 25212323 |
|
Fax No.: |
91-22-25208092 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Factories : |
Located at: · Gujarat · Bangalore |
DIRECTORS
AS ON 15.11.2013
|
Name : |
Mr. Mohan Mahadev Kavrie |
|
Designation : |
Managing director |
|
Address : |
E-25,
Matru Krupa, Nandadeep Everest Colony, Sahakar Nagar, Road No. 4, Chembur,
Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
24.09.1948 |
|
Qualification : |
B. Tech (IIT),
M.S.(U.S.A) |
|
Experience : |
39 Years |
|
Date of Appointment : |
05.11.1996 |
|
DIN No.: |
00243269 |
|
|
|
|
Name : |
Mr. Sanjaya Shrikrishna Kulkarni |
|
Designation : |
Director |
|
Address : |
A/12, Technocrat Society, Twin Tower Lane, Prabhadevi, Mumbai –
400025, Maharashtra, India |
|
Date of Birth/Age : |
30.05.1949 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
00102575 |
|
|
|
|
Name : |
Mr. Amit Mohan Kavrie |
|
Designation : |
Director |
|
Address : |
E-25, Matru Krupa, Nandadeep Everest Colony, Sahakar
Nagar, Road No. 4, Chembur, Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
21.08.1977 |
|
Qualification : |
B.S. Textile Tech (USA), M.S.(USA) |
|
Experience : |
11 Years |
|
Date of Appointment : |
04.03.2005 |
|
DIN No.: |
00153017 |
|
|
|
|
Name : |
Mr. Prakash Gopalkrishna Pai |
|
Designation : |
Director |
|
Address : |
301, Macromol Apartment, “A” Chharwada Road, G.I.D.C., Valsad, Vapi – 396195, Gujarat, India |
|
Date of Birth/Age : |
19.03.1946 |
|
Date of Appointment : |
01.11.1999 |
|
DIN No.: |
01747653 |
|
|
|
|
Name : |
Guillaume Treves |
|
Designation : |
Director |
|
Address : |
10, Rue Vavin, |
|
Date of Birth/Age : |
10.07.1966 |
|
Date of Appointment : |
12.12.1996 |
|
DIN No.: |
02189609 |
|
|
|
|
Name : |
Bernard Roger Edouard Treves |
|
Designation : |
Director |
|
Address : |
40, Rue Lauriston, |
|
Date of Birth/Age : |
21.05.1948 |
|
Date of Appointment : |
01.11.1999 |
|
DIN No.: |
02189636 |
|
|
|
|
Name : |
Serge Andre Auguste Germaine |
|
Designation : |
Director |
|
Address : |
10, Rue Bovary, Deauville 14800 |
|
Date of Birth/Age : |
18.10.1955 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
05223577 |
|
|
|
|
Name : |
Joel Coque |
|
Designation : |
Director |
|
Address : |
439, Rue Saint Vincent, Paris 75018 |
|
Date of Birth/Age : |
21.06.1952 |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
05223583 |
KEY EXECUTIVES
|
Name : |
Mr. Vikram Jain |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.11.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Supreme Nonwovens Private Limited, |
11116092 |
50.00 |
|
Etablisse MentsTreves S.A., France |
11116092 |
50.00 |
|
|
|
|
|
Total |
22232184 |
100.00 |
AS ON 15.11.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
50.00 |
|
Bodies
corporate |
50.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Automobile Insulation Components. |
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Products/ Services : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· UK |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· UK |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
· The Shamrao Vithal Co-operative Bank Limited 913, Natasha Plaza, D.K. Sandhu Marg, Chembur, Mumbai - 400071, Maharashtra, India · The Saraswat Co-operative Bank Limited ( Lead Bankers) CST Branch , CST, Mumbai - 400001, Maharashtra, India |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
· SBICAP Trustee Company Limited 202, Maker Tower, 'E', Cuffe Parade, Colaba, Mumbai -
400005, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Kalyaniwalla and Mistry Chartered Accountants |
|
Address : |
Kalpataru Heritage, 127 Mahatma Gandhi Road, Mumbai –
400023, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFK7554R |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
· Supreme Nonwoven Industries Private Limited [U17120MH1984PTC033072] · Supreme Poly Fibers Private Limited · Trety Spain · Cera France · Treves Slovakia ·
M.A.T.T. France ·
Treves UK |
|
|
|
|
Enterprises with substantial
interest in the Company : |
· Supreme Nonwovens Private Limited [U51900MH1981PTC025149] ·
Treves S.A. |
|
|
|
|
Joint Venture : |
Supreme Treves Pelzer Private Limited |
|
|
|
|
Associate : |
Cera Technologies Private Limited [U34101MH2006PTC159745] |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
24,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 240.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22,232,184 |
Equity Shares |
Rs. 10/- each |
Rs. 222.322
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 |
222.322 |
222.322 |
222.322 |
|
(b) Reserves & Surplus |
720.287 |
481.214 |
318.148 |
|
(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) |
942.609 |
703.536 |
540.470 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
502.273 |
419.090 |
369.167 |
|
(b) Deferred tax liabilities (Net) |
103.195 |
67.255 |
65.970 |
|
(c)
Other long term liabilities |
4.100 |
4.100 |
1.000 |
|
(d)
long-term provisions |
16.494 |
11.683 |
5.271 |
|
Total
Non-current Liabilities (3) |
626.062 |
502.128 |
441.408 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
215.626 |
163.466 |
149.582 |
|
(b)
Trade payables |
318.338 |
222.386 |
328.752 |
|
(c)
Other current liabilities |
476.213 |
524.952 |
264.607 |
|
(d)
Short-term provisions |
3.180 |
68.560 |
0.000 |
|
Total
Current Liabilities (4) |
1,013.357 |
979.364 |
742.941 |
|
|
|
|
|
|
TOTAL |
2,582.028 |
2,185.028 |
1,724.819 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1,393.876 |
1,125.556 |
931.306 |
|
(ii)
Intangible Assets |
4.658 |
2.523 |
5.048 |
|
(iii)
Capital work-in-progress |
45.396 |
55.562 |
119.967 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
28.114 |
28.961 |
2.410 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
95.684 |
75.594 |
28.919 |
|
(e)
Other Non-current assets |
4.923 |
5.787 |
29.735 |
|
Total
Non-Current Assets |
1,572.651 |
1,293.983 |
1,117.385 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
306.231 |
170.368 |
121.062 |
|
(c)
Trade receivables |
571.179 |
533.053 |
332.101 |
|
(d)
Cash and cash equivalents |
28.194 |
88.970 |
30.874 |
|
(e)
Short-term loans and advances |
99.893 |
93.455 |
121.397 |
|
(f)
Other current assets |
3.880 |
5.199 |
2.000 |
|
Total
Current Assets |
1,009.377 |
891.045 |
607.434 |
|
|
|
|
|
|
TOTAL |
2,582.028 |
2,185.028 |
1,724.819 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
3977.476 |
3123.470 |
2232.531 |
|
|
|
Other Income |
26.213 |
25.973 |
NA |
|
|
|
TOTAL |
4003.689 |
3149.443 |
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3563.820 |
2792.473 |
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
439.869 |
356.970 |
204.067 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
94.665 |
82.612 |
62.795 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
345.204 |
274.359 |
141.272 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
105.723 |
46.284 |
27.212 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
239.481 |
228.074 |
114.060 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
62.470 |
28.435 |
22.073 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.77 |
10.26 |
5.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.98
|
7.24 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.68
|
8.78 |
6.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.76
|
13.06 |
8.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.39 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.76
|
0.83 |
0.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.00
|
0.91 |
0.82 |
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 |
222.322 |
222.322 |
222.322 |
|
Reserves & Surplus |
318.148 |
481.214 |
720.287 |
|
Net
worth |
540.470 |
703.536 |
942.609 |
|
|
|
|
|
|
long-term borrowings |
369.167 |
419.090 |
502.273 |
|
Short term borrowings |
149.582 |
163.466 |
215.626 |
|
Total
borrowings |
518.749 |
582.556 |
717.899 |
|
Debt/Equity
ratio |
0.960 |
0.828 |
0.762 |
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 |
2232.531 |
3123.470 |
3977.476 |
|
|
|
39.907 |
27.342 |
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 |
2232.531 |
3123.470 |
3977.476 |
|
Profit |
114.060 |
228.074 |
239.481 |
|
|
5.11% |
7.30% |
6.02% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long-term debt |
137.610 |
134.065 |
127.020 |
|
|
|
|
|
|
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 |
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 |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10480649 |
18/02/2014 |
199,665,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER
TOWER, 'E', CUFFE PARADE,, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B97614739 |
|
2 |
10489570 |
18/02/2014 |
485,000,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER
TOWER, 'E', CUFFE PARADE,, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C03686078 |
|
3 |
10472250 |
20/09/2013 |
1,221,628,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER
TOWER, 'E', CUFFE PARADE,, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B91139527 |
|
4 |
10379738 |
05/08/2013 * |
925,952,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER TOWER,
'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
B83545798 |
|
5 |
10379570 |
19/05/2014 * |
1,221,628,000.00 |
SBICAP TRUSTEE
COMPANY LIMITED |
202, MAKER
TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI, MAHARASHTRA - 400005, INDIA |
C03685047 |
|
6 |
10348247 |
10/04/2012 |
4,000,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
913, NATASHA
PLAZA, D.K.SANDHU MARG, CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
B37160967 |
|
7 |
10263501 |
06/01/2011 |
23,300,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
CHEMBUR-913,
NATASHA PLAZA, D.K. SANDHU MARG, CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
B03836657 |
|
8 |
10259073 |
08/12/2010 |
20,412,000.00 |
THE SHAMRAO VITHAL
CO-OPERATIVE BANK LIMITED |
CHEMBUR-913,
NATASHA PLAZA, D.K. SANDHU MARG, CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
B02190940 |
|
9 |
10259074 |
08/12/2010 |
20,413,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
C.S.T. BRANCH, TAJ
BUILDING, A.K. NAYAK MARG, CST, MUMBAI, MAHARASHTRA - 400001, INDIA |
B02191807 |
|
10 |
10244763 |
15/10/2010 |
10,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CST BRANCH, CST,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A96532056 |
|
11 |
10243711 |
29/09/2010 |
20,000,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CST BRANCH, CST,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A96236302 |
|
12 |
10239741 |
13/08/2010 |
495,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
RASEC DADAR BRANCH,
LAXMAN ZULLA, 1ST FLOOR, 50, |
A94156403 |
|
13 |
10202519 |
07/07/2011 * |
37,944,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
913, NATASHA PLAZA,,
D.K.SANDHU MARG, CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
B16222390 |
|
14 |
10172484 |
06/08/2009 |
2,500,000.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CST BRANCH, CST,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A67918946 |
|
15 |
10154088 |
17/04/2009 |
7,800,000.00 |
THE SARASWAT
CO-OP BANK LTD(LEAD BANKERS |
CST BRANCH, CST,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A60715794 |
|
16 |
10092209 |
07/03/2008 |
1,007,700.00 |
THE SARASWAT
CO-OPERATIVE BANK LIMITED |
CST BRANCH, CST,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A34367201 |
|
17 |
10076612 |
07/02/2011 * |
66,733,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
CHEMBUR BRANCH,
913, NATASHA PLAZA, D.K. SANDHU M D.K. SANDHU MARG, CHEMBUR, MUMBAI, MAHARASHTRA |
B08599920 |
|
18 |
10094876 |
13/11/2007 |
12,481,000.00 |
FORD INDIA
PRIVATE LIMITED |
S.P.KOIL
POST,CHENGALPATTU, KANCHEEPURAM - 603 204, KANCHEEPURAM - 603204., TAMILNADU
- 603204, INDIA |
A35083757 |
|
19 |
10067004 |
05/09/2007 |
13,200,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
CST BRANCH, CST,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A22872436 |
|
20 |
10043254 |
13/03/2013 * |
365,741,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
913, NATASHA
PLAZA, D.K.SANDHU MARG, CHEMBUR, MUMBAI, MAHARASHTRA - 400071, INDIA |
B70605423 |
|
21 |
10136944 |
15/06/2006 |
13,125,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
NATASHA PLAZA ,PLOT
NO.913, D.K SANDHU MARG,CHEMBUR (EAST), MUMBAI, MAHARASHTRA - 400071, INDIA |
A21219308 |
|
22 |
10002143 |
21/04/2011 * |
284,012,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
NATASHA PLAZA ,PLOT
NO.913, D.K SANDHU MARG,CHEMBUR (EAST), MUMBAI, MAHARASHTRA - 400071, INDIA |
B11032745 |
|
23 |
10065868 |
05/03/2011 * |
30,874,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
NATASHA PLAZA ,PLOT
NO.913, D.K SANDHU MARG,CHEMBUR (EAST), MUMBAI, MAHARASHTRA - 400071, INDIA |
B08858540 |
|
24 |
80029418 |
21/04/2011 * |
274,024,000.00 |
THE SHAMRAO
VITHAL CO-OPERATIVE BANK LIMITED (LEAD |
NATASHA PLAZA ,PLOT
NO.913, D.K SANDHU MARG,CHEMBUR (EAST), MUMBAI, MAHARASHTRA - 400071, INDIA |
B11034253 |
|
25 |
80056514 |
15/10/2009 * |
5,000,000.00 |
THE SARASWAT
CO-OP BANK LIMITED |
CST BRANCH, CST,
MUMBAI, MAHARASHTRA - 400001, INDIA |
A72757339 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Intercorporate deposits |
26.500 |
0.000 |
|
|
|
|
|
Total |
26.500 |
0.000 |
CHANGE OF ADDRESS:
The Registered Office of the company has been
shifted from Centre Point, 7th Floor, 18th Road, Chembur,
Mumbai - 400071, Maharashtra, India to the present address w.e.f.29.11.2010.
FIXED ASSETS:
· Land
· Buildings
· Residential building
· Office building
· Factory building
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
· Computer equipments
· Other equipments
· Goodwill
· Computer software
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. 60.28 |
|
|
1 |
Rs. 102.28 |
|
Euro |
1 |
Rs. 82.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.